At the unveiling of the platform recently, Managing Partner, SME.NG, Thelma Ekiyo, said the platform was a direct response to the impact of COVID-19 on women-owned businesses in Nigeria, to ensure they remained sustainable and resilient to economic shocks.
The platform’s approach to SME financing, Ekiyo said, was through a “blended financing” model, which would leverage private capital, public sector investments and philanthropic giving. She said the ministry was already working with some stakeholders to stimulate packages for women entrepreneurs.Commissioner for Women Affairs and Poverty Alleviation, Lagos State, Bolaji Dada, said the state government would not renege on its commitment to ensuring that women are encouraged to reach their full potential.
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