In line with women empowerment and entrepreneurship, the Central Bank of Nigeria (CBN) has earmarked 60 percent (N132 billion) of its N220 billion Micro, Small and Medium Enterprises Development Fund (MSMEDF) to women entrepreneurs in the country.
Speaking at an organised workshop on the scheme in Ilorin, Kwara State; CBN Governor – Mallam Lamido Sanusi, who was represented by the Branch Controller, CBN Ilorin, Mr Onoriode Olotewo stated that “the specific objective is to reach over 2.0 million MSMEs over a 10-year period. In addition, 60 percent of the fund is targeted at women entrepreneurs.”