Advocating Structured Governance for Women Entrepreneurs

A group is advocating for structured governance to bolster women entrepreneurs in Nigeria, particularly within the micro, small, and medium enterprises (MSMEs) sector. Dr.

Adeyinka Hassan, founder of the Centre for Enterprise Governance, emphasized that women play a significant role in Nigeria's enterprise landscape but face challenges scaling their businesses due to governmental structural constraints. The group suggests establishing an advisory board and internal controls to create a clear decision-making framework essential for long-term growth and improved access to finance.

Common governance gaps identified include weak separation of personal and business finances, lack of formal advisory structures, and inadequate risk management systems. The Centre aims to raise awareness among women entrepreneurs about existing structural support and the importance of mentorship and advisory boards to enhance decision-making and financial planning.

Dr. Hassan calls on financial institutions to play a stronger role in supporting governance development within women-led enterprises.