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The Lagos State government has unveiled a series of initiatives aimed at empowering women entrepreneurs and enhancing their access to global markets. The effort seeks to boost export revenue, currently estimated at N7 trillion, and increase the contribution of women to the nation’s gross domestic product.
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Special Assistant to the Governor on Commerce, Cooperatives, Trade & Investment (CCTI), Mrs. Hauwa Adeeyo, emphasised the government’s commitment to dismantling obstacles and providing essential support for female-owned businesses to succeed internationally. “We recognise the significant potential of our women entrepreneurs. By equipping them with the necessary tools, knowledge, and resources to navigate the complexities of international trade, we are not only promoting their development but also contributing to the overall economic growth of Lagos State,” she said.
The initiatives are expected to be rolled out in phases, with the government working closely with relevant stakeholders, including associations, export promotion agencies, and financial institutions. Adeeyo noted that the government is optimistic that these initiatives will not only boost export statistics but also create job opportunities and empower women throughout the state
“Accelerating voice means amplifying the power of women in decision-making, whether at the local or national level. It is about giving women the platform to speak, to shape policies, and to influence change,” Adeeyo explained. “In Lagos, we have seen women break boundaries. Women like Nike Okundaye, who has made a mark in the world of art, and Folorunso Alakija, one of Africa’s richest women, who has inspired generations with her story of resilience and entrepreneurial success.”
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The government is also focused on facilitating access to grants, loans, and other financial tools tailored to the requirements of women-led export businesses. In addition, the government will provide a centralised service to assist entrepreneurs with export procedures, market research, international trade regulations, and digital marketing strategies.
Desola Jimmy-Eboma, founder of FreshOla Organics Food and Packaging Limited, emphasised the importance of empowering entrepreneurs to stimulate economic growth, generate employment, and enhance global competitiveness. “The Nigerian business landscape is filled with opportunities, but also challenges. There are over 39 million micro, small, and medium enterprises (MSMEs) in Nigeria, contributing 48 percent of the national gross domestic product (GDP) and providing over 80 percent of employment,” she noted.
Jimmy-Eboma’s organisation is broadening its expert advisory services to assist businesses in fortifying their financial and operational strategies. She stated, “A prevalent issue we observe among small businesses during our training sessions is inadequate bookkeeping practices… Fortunately, there are numerous free bookkeeping tools available today, and one does not need to be an accountant to maintain proper records.
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