Alitheia Capital Advocates for Women-Led Business Funding

More than 300 women-led businesses in sectors such as manufacturing, agribusiness, and nutrition are seeking enhanced access to formal capital, as highlighted by Alitheia Capital during the third edition of the W.O.M.A.N. conference held in Lagos. The conference, themed ‘Scaling Women-Led Manufacturing, Agribusiness & Nutrition MSMEs: Providing Pathways to Capital, Energy, AI and Markets for Business Resilience,’ aimed to address barriers faced by these enterprises.

Abisola Olusanya, the Commissioner for Agriculture and Food Systems representing Lagos State Governor Babajide Sanwo-Olu, noted that many women-led businesses struggle to transition from survival to sustainable growth, emphasizing the collective responsibility of government, financial institutions, and private equity firms in this effort. Tokunboh Ishmael, Managing Partner and Co-Founder of Alitheia Capital, pointed out that the participation of over 300 screened, revenue-generating businesses indicates their readiness for formal investment, yet many have not accessed such capital due to design issues rather than a lack of ambition.