CBN Director Wants Financial Support For Women

A director in the Central Bank
of Nigeria (CBN), Mrs Losi Juma,  has called for financial support for women to enthrone gender equality.
Juma made the appeal at a meeting of NECA’s Network of Entrepreneurial Women (NNEW) last Thursday in Lagos.
She said that financial support for women would enable them boost their businesses and contribute to their family upkeep.
The director said that apart from the family, financial freedom would help to provide social security for women.
“Women constitute a formidable democratic force because they also help to train youths that make up the next generation. The stability of women has implications for the society. Government must ensure that policies that affect women are constantly reviewed and their priorities should be assessed. The woman should be financially empowered to enable her implement her programmes,’’ she said.
The director said that the ability of women to contribute to development of the society effectively depended on how far the society supported them.
Mr Tunde Popoola, Chief Executive Officer, CRC Credit Bureau Ltd, advised women to have a good credit history to enable them to access credit whenever the need arose.
Popoola, who spoke on “Increasing Your Access to Credit: Know Your Credit’’, said that a good credit report increases access to credit.
He said that there was the need to empower women to embrace entrepreneurship by helping them to have access to credit from financial institutions.
He advised the women to show repayment behaviour at all times.
Mrs Lola Okanlawon, President of NNEW, added that women in Small and Medium Enterprises (SMEs) had contributed to employment creation in spite of challenges.
Okanlawon said that statistics had shown that SMEs were responsible for providing opportunities for entrepreneurs and employment of about 30 million people across the country.