NEPC Empowers 128 Women MSMEs with ₦979.8 Million Grants

The Nigerian Export Promotion Council (NEPC) has disbursed grants worth ₦979.8 million to empower 128 women-owned micro, small, and medium enterprises (MSMEs) in Nigeria. This initiative aims to enhance women's entrepreneurship by leveraging digital technology to expand their international market reach.

Mr. Nony Ayeni, the Executive Director and CEO of NEPC, announced this development in a statement issued on Thursday, with Aliu Sadiq, the Deputy Director and Head of Corporate Communications, providing further details. Each of the 121 women-owned businesses received a discovery grant valued at $5,000, while seven businesses were awarded booster grants of $15,000, bringing the total disbursed funds to $710,000 (equivalent to ₦979.8 million).

The funding is part of a joint initiative with the International Trade Centre (ITC) and the World Trade Organization (WTO), supported by the United Arab Emirates (UAE) and the FIFA World Cup Qatar 2022 Legacy Fund from the Kingdom of Bahrain. This initiative is aligned with the current administration's Renewed Hope Agenda and recognizes Nigeria's vibrant entrepreneurial ecosystem and strong export potential.