The Nigeria Employers Consultative Association Network of Entrepreneurial Women has called on the Federal government to review policies and conditions for accessing loans from financial institutions in the country.
Omololami Ajani, NNEW Chairperson, Abuja chapter, made the call on Thursday in Abuja at a Business Training and Workshop for women organised by the association.
The News Agency of Nigeria reports that the theme of the workshop is: “Accelerating Your Business Growth: Inculcating System, Structures and Procedures.”
According to Ajani, the training becomes imperative as the requirements for accessing the loans are most times unreachable.
Ajani also said that the workshop was about self-evaluation, strategy, planning and to ensure that the women in businesses start-off the year in the right direction.
She said: “We would like the Federal government to look back into the structures put in to these funds they have made available through the Bank of Industry, Central Bank of Nigeria and other platforms.
“These funds are there, but who are those accessing them is another question.
“The major issue is the requirements to access these funds.
“Another key challenge for women accessing fund is; collateral. A lot of them do not own property, so where do they get this collateral needed from.
“Many of these financial institutions will tell you that they do not accept movable assets in terms of jewelry which the women would rather use as collateral.
“Women are actually averse to loan; we are not as aggressive as the men when it comes to applying for loans.”
Speaking, Chinye Oke, Chief Executive Officer, Lead Consultant Worklife Solution, said the training was a mentoring programme aimed at ensuring that women in business succeed for the economic growth of the country.
Oke said: “One of the things NNEW is doing is to ensure that every business woman has an accountability partner to checkmate each other’s progress for their businesses to thrive.
“This is our first programme of the year, which is a rethinking session to ensure individual business key into favourable environment and policies of government.”
Adebayo Bakare, Chief Executive Officer, Bread and More Limited, a participant said the training and workshop programme was laudable.
Bakare said that the programme had positioned her on the next level on how to achieve her goal for the new business year.
She said: “Also, we have been encouraged on how to get it right so that our mistakes are less, because life itself is a lesson.
“But there are lesser risks when you have the opportunity to attend such training like this.”
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