Investors Pledge $250,000 to Support Women Businesses

During the 4th Gender Impact Investment Summit in Nigeria, investors pledged $250,000 to bridge the credit gap for women-owned businesses. The summit, themed "Commit to Action: Strengthening Gender Lens Investment," brought together policymakers, financial institutions, and private sector stakeholders to discuss gender-inclusive investment strategies.

Etomor Glover, Chief Executive Officer of the Impact Investor Foundation, presented a report highlighting the structural barriers that limit women's access to finance, noting that women own nearly 40% of Nigerian businesses but receive a disproportionately small share of formal credit. Ibukun Awosika, Vice Chair of GSG Nigeria, stressed the importance of embedding gender equity principles in investment policies and decisions.

Khalifa Muhammad Sanusi II, Sarkin Kano, called for deliberate actions to dismantle barriers that restrict women's participation in the financial system, emphasizing that gender equality is a key driver for national economic prosperity.