For the collective progress of the women entrepreneurs in Nigeria, Stanbic IBTC Holdings Plc has urged them to engage in wealth-building investment.
This was made known at the Women in Management, Business and Public Service (WIMBIZ) June 2022 Roundtable Session themed: ‘The Woman and Her Money: Empowerment through Business, Trusts, Private Banking, StockBroking, and Insurance’.
The Women in Management, Business and Public Service (WIMBIZ) is a non-profit organisation which aims at equipping female business owners on how to successfully run their businesses and also support women in senior positions in corporate organisations and public service.
Over the years, WIMBIZ has been a form of inspiration to women entrepreneurs as it has empowered and advocated for better representation of women in the society.
Busola Jejelowo, Executive Director, Investment Management, Stanbic IBTC Asset Management Limited, stated that despite the positive impact that women-owned businesses have on the society, there are still untapped wealth-building opportunities that can be explored to improve their businesses and finances.
“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.
"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 said the theme of the session is centered around how investing in Business, Trusts, StockBroking, Insurance and other financial properties which can greatly benefit women in today’s world.
“We are proud to say that over the years, Stanbic IBTC has helped a lot of Nigerian women build sustainable wealth, despite the general economic outlook.
"One of our core initiatives is to organise free capacity building sessions for individuals.
"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,” she added.
The Executive Director, Clients Solution – Stanbic IBTC Bank, stated that the primary aim of the conference is to build confidence in businesswomen and also create a platform for advocating wealth creation for women through various opportunities such as access to business financing and working capital, use of insurance to protect their wealth and many more.
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