CEM REPORT | Women have been urged to explore untapped wealth-building opportunities to improve their businesses and finances.
This was one of the talking points at the June 2022 Roundtable Session of the Women in Management, Business and Public Service (WIMBIZ) themed The Woman and Her Money: Empowerment through Business, Trusts, Private Banking, Stock Broking, and Insurance.
The Executive Director of Investment Management at Stanbic IBTC Asset Management Limited, Busola Jejelowo, while delivering her address stated that women continued to be steady contributors to the economy in face of stiff challenges.
She however noted that women needed to be more financially literate to invest their funds in more veritable assets.
“Despite the challenges women face, we continue to play a significant role in driving the economic, social and cultural development of our communities.
“In Nigeria, more than 41 per cent of small businesses in Nigeria are run by women, with over 23 million female entrepreneurs operating in this segment. Imagine if all these women begin to invest their funds in veritable assets. The returns they will get on their investments will be indeed substantial.
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“However, many women are not aware of financial opportunities due to the low level of financial literacy in the nation. This is part of the reason why we have organised this event,”
She further said “as people from different works of life and especially as women, we need to cultivate the habit of savings and investing our funds, which will be used to acquire assets,”
WIMBIZ is a non-profit organisation focused on increasing and supporting the success rate of female entrepreneurs and the proportion of women in senior positions in corporate organisations and public service.