FG Unveils Financing Reforms To Boost Women-owned Businesses

The federal government has outlined policies and financial market reforms aimed at tackling the persistent barriers facing women-owned businesses, particularly limited access to credit, markets, and long-term capital.

The Securities and Exchange Commission on Monday, stated that the Minister of Women Affairs and Social Development, Hajiya Imaan Sulaiman-Ibrahim made the remarks at the grand finale of the “Give to Gain” Summit in Abuja to mark the 2026 International Women’s Month.

She said the government is shifting from advocacy to targeted interventions designed to unlock the economic potential of women.

The minister disclosed that over 80 per cent of women-owned businesses in Nigeria currently lack access to formal credit, largely confining them to the informal sector and limiting their growth.

To address this, she noted the rollout of the Renewed Hope Social Impact Interventions (RH-SII 774), a nationwide programme structured to deliver grants, microcredit, and enterprise financing to women across all 774 local government areas.

She added that the intervention is backed by the Women’s Economic Empowerment (WEE) Policy (2023), which provides a framework for measurable and scalable outcomes in women-focused economic programmes.

The minister also announced the approval of an Affirmative Procurement Policy that guarantees women-owned businesses improved access to government contracts, opening up public procurement as a critical growth channel.

She said: “This intervention ensures structured and equitable access for women-owned enterprises to participate in public procurement processes, thereby opening government contracting systems as engines of inclusion and shared prosperity.

“It represents a shift from policy intention to enforceable economic access. In the spirit of our theme, “Give to Gain,” it affirms that when the state deliberately gives women fair opportunity in procurement systems, the nation gains in productivity, competitiveness, and inclusive growth”, she added.

On the financial markets side, the director-general of the SEC, Dr Emomotimi Agama, represented by executive commissioner, Operations, Bola Ajomale, emphasised the need to move women entrepreneurs from reliance on short-term financing to long-term wealth creation through the capital market.

He said while millions of Nigerian women are actively engaged in micro and small businesses, the key challenge is their limited access to investment instruments that enable business expansion and asset ownership.

According to him, “Nigerian women currently own 41 percent of micro-businesses in this country, with 23 million female entrepreneurs operating in that segment — placing Nigeria among the highest rates of female entrepreneurship globally, surpassing the 21 per cent global average.

“These women are not waiting to be empowered. They are already driving commerce. What they lack is not ambition. They lack access to the instruments that would allow their ambition to compound”.

To bridge this gap, Agama outlined measures being implemented by the Commission, including the expansion of retail access to the capital market through technology-driven platforms that reduce entry barriers for first-time investors, especially women.

He said the Commission is also scaling investor education in local languages to improve financial literacy, particularly in underserved regions where exclusion rates remain high.