Alitheia Capital Hosts Forum to Address Women's Funding Gap

Alitheia Capital convened the third edition of W.O.M.A.N. (Women in Manufacturing, Agribusiness and Nutrition) to address the funding gap hindering women-led businesses in Nigeria. The conference gathered over 300 screened women-led businesses, investors, policymakers, and development partners to discuss capital, energy, artificial intelligence, and market resilience.

Tokunboh Ishmael, Managing Partner and Co-Founder of Alitheia Capital, noted that many women-led businesses with growth potential remain excluded from financing, with most attendees having never accessed formal capital. Lagos State Governor Babajide Sanwo-Olu, represented by Commissioner for Agriculture and Food Systems Abisola Olusanya, emphasized the need for collaboration among government, financial institutions, private equity, and entrepreneurs to overcome financial constraints.

Ifeyinwa Ighodalo, Co-Founder of WIMBIZ and CEO of DO.II Designs Limited, urged participants to practice financial discipline to enhance their investment readiness. Jumoke Akinwunmi, also a Co-Founder of Alitheia Capital, remarked that the challenges faced by these businesses extend beyond entrepreneurial readiness.