Women entrepreneurs play a vital role in Nigeria’s economy, driving growth and development. They stand out in the Micro, Small, and Medium Enterprises (MSME) sector, which serves as the backbone of the economy. According to the Small and Medium Enterprises Development Agency of Nigeria (SMEDAN), women run nearly 41% of MSMEs in the country, showing their key role in boosting economic activity and creating jobs for millions of Nigerians.
Beyond boosting the economy, women entrepreneurs address social challenges like poverty and gender inequality through their businesses. They provide essential goods and services, uplift communities, and create inclusive workplaces that empower other women. This empowerment often leads to greater investment in families and communities which further drives socioeconomic development.
Women-led businesses dominate sectors such as agriculture, retail, and services. These businesses not only provide livelihoods for their owners but also improve food security, strengthen local supply chains, and support the broader economy. Additionally, more women are now entering non-traditional sectors like technology and manufacturing, where they challenge norms and lead innovation.
Women entrepreneurs in Nigeria face challenges like limited access to finance, inadequate infrastructure, and gender-based discrimination. Despite these obstacles, their resilience and determination help them overcome these barriers and make significant contributions to the economy. Organizations like Shecluded, SMEDAN, and platforms like MSME Africa play a crucial role by offering resources, training, and funding opportunities.
Recognizing and celebrating women entrepreneurs who have won grants is essential. These grants not only provide financial support but also recognize their hard work and amplify their impact. Below are some of the inspiring women who recently received grants for their businesses:
- Ogechi Ezeonyenwe received ₦200,000 to grow Esty Kiddies Carnival, a business focused on creating memorable events for children.
- Zainab Alhassan Asabe secured ₦150,000 to expand Mim’s Fashion Home and Collections, a brand known for its stylish and innovative fashion offerings.
- Modinat Ibrahim earned ₦100,000 to enhance Chowbox Catering Services, which provides high-quality catering services in her community.
- Araoluwa Bigoro received ₦50,000 to support Mameti Aralewa Africa, a venture that promotes African culture through unique, culturally inspired products.
- Chinwendu Olawunmi was awarded ₦50,000 to grow Kikiz Ventures, a business committed to sustainable practices for long-term environmental and economic benefits.
These women showcase the power of entrepreneurship in driving change and supporting Nigeria’s economy. As Nigeria moves toward economic diversification and sustainable development, women entrepreneurs will continue to play a crucial role. By addressing the challenges they face and providing the support they need, Nigeria can unlock the full potential of its women entrepreneurs, leading to innovation, growth, and social progress.
“Mony Is power We give women the power to grow their businesses” – Shecluded
