Speaking during the 5th series of the event in Lagos, the Minister of Finance, Mr. Wale Edun, who was represented by the Acting Permanent Secretary/Director Economic research and Policy Management Department, Federal Ministry of Finance, Mrs. Grace Ogbonna, highlighted collateral and interest rates as problems limiting women-owned or led businesses access to credits.
"So if we have to go extra miles and achieve the objective of this project, we have to look at the banks .
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Africa: AfDB, AGF Target $5bn Finance for Women Led SMEs in AfricaAfrican Development Bank (AfDB) and the African Guarantee Fund (AGF) have pledged to mobilise $5 billion in financing for African women businesses by 2026.
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African Development Bank, African Guarantee Fund Kick Off Afawa Finance Series Nigeria to Unlock Financing for Women-Led Start-UpsPress Release - Consul-General of the Kingdom of Netherlands, HE Michel Deelen; Special Assistant to Nigeria's Minister for Women Affairs Dr Fatimah Abdullahi; African Guarantee Fund Group CEO Jules Ngankam; Director in the Nigeria Ministry of Finance, Grace Ogbonna; AfDB Vice President Dr.
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