Women’s Affairs Minister Dame Pauline Tallen reaffirmed the federal government’s commitment to ensuring access to finance for women-owned micro, small and medium-sized enterprises (MSMEs).
Speaking at the Nigerian Exchange Limited (NGX) Virtual Symposium and Ringing Ceremony for Gender Equality in partnership with Sustainable Stock Exchanges Initiative (SSEI), United Nations (UN) Women, United Nations Global Compact (UNGC) and the International Finance Corporation (IFC), Tallen said there was a need to advance women’s entrepreneurship and increase their access to finance.
She said Nigeria could only maximize its economic potential if efforts were made to close the gender gap and increase women’s participation in the economy.
Tallen also commended Nigerian women for their immense contributions to national development in the public and private sectors.
Minister of State for Industry and Investment, Ambassador Mariam Katagum, said there was a need to support and bring together female MSMEs to enhance their contributions to the economy.
According to her, the federal government understands the place of women in the growth of any economy.
She said the government is working tirelessly with stakeholders across all sectors to ensure that MSMEs have the support they need to grow now and in the future.
The Managing Director/Group Managing Director, Nigerian Exchange Group Plc (NGX Group), Oscar Onyema, said the global financial sector has a critical role to play in achieving gender equality.
He said as the world calls for increased reallocation of finance to address the Sustainable Development Goals (SDGs), climate change and other pressing issues, there is an urgent need for stakeholders to reconsider the role of finance in addressing the issue. gender issues.
He said, “If the promotion of gender issues was conceived as a business opportunity or a transaction, favorable policies should be implemented to allow investors to recoup their investments”.