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Growing women entrepreneurs as potential market for banks

Growing women entrepreneurs as potential market for banks

There is no doubt that the growing women entrepreneurs in the country could serve as a potential market for banks to grow their businesses, thereby enhancing the Central Bank of Nigeria’s financial inclusion policy.

This is because statistics reveal that women constitute about 50 percent of the Nigerian population. It is estimated that women-owned businesses represent about 30 percent of registered businesses worldwide. Yet on average, only about 10 percent of women entrepreneurs have access to the finance needed to grow their business.

Gender Finance