FG Plans to Empower 10 Million Nigerian Women by 2027
The Nigerian government plans to empower 10 million women financially by 2027. This effort is part of a bigger goal to turn Nigeria into a $1 trillion economy by 2030.
Minister of Women Affairs Imaan Sulaiman Sulaiman-Ibrahim shared this goal at a recent event. She explained clearly that empowering women with financial skills will help them make better decisions and support their families and communities.
The minister listed several major challenges women face. These include difficulty accessing credit, not having proper bank accounts, and falling victim to scams. She pointed out that although women own about 40% of small businesses in Nigeria, many still struggle to get support from formal financial institutions.
To help women overcome these problems, the minister called for quick and effective actions. She said women must be given easy ways to get credit and taught how to manage their money safely.
Also at the event, Emomotimi Agama, Director-General of the Securities and Exchange Commission (SEC), spoke strongly about supporting women-owned businesses. He emphasized that women are critical to Nigeria’s economy because they manage about 40% of small businesses in the country.
Agama noted that most Nigerian women still do not understand how formal financial systems work. Because of this, many women are at risk of falling for fraud. He promised that SEC would run training sessions to help women understand financial systems better and protect themselves from fraud.
The Federal Government believes that women who understand finance can greatly influence the country’s growth. By providing training, safe financial tools, and better access to loans, millions of Nigerian women will soon become key contributors to economic progress.
The government is serious about achieving this target of empowering 10 million women by 2027. This goal is part of a larger strategy to make sure Nigeria reaches its economic potential by 2030.
This initiative is also timely because more women now own small businesses in Nigeria—about 40%. Helping these women will mean strengthening thousands of families and communities across the country.
This new empowerment plan aims to help women avoid common problems like scams and financial exclusion. The government is committed to creating real opportunities so that women everywhere in Nigeria can enjoy economic independence.