Business & Economy

FG Unveils Plan to Empower 10 Million Women by 2027

Published

2 months ago

Mar 7, 2025.

FG Unveils Plan to Empower 10 Million Women by 2027

The Minister of Women Affairs, Imaan Sulaiman-Ibrahim, stressed the importance of improving financial literacy and inclusion for women to help them make informed economic decisions.
She urged immediate action to tackle these challenges and promote financial inclusion for women.

In line with its goal to transform Nigeria into a $1 trillion economy by 2030, the Federal Government has announced its intention to empower 10 million women by 2027.

Eko Hot Blog gathered that the plan was revealed during a recent event commemorating International Women’s Day, themed ‘Accelerate Action—Empowering Women Through Financial Literacy & Inclusion.’

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The Minister of Women Affairs, Imaan Sulaiman-Ibrahim, stressed the importance of improving financial literacy and inclusion for women to help them make informed economic decisions.

Sulaiman-Ibrahim’s statement, shared by the Securities and Exchange Commission, highlights the government’s commitment to creating opportunities for women and driving economic growth.

Through targeted efforts to enhance financial literacy and promote inclusion, the government seeks to create a strong foundation for women’s participation in the country’s economic future.

“When women are financially literate, they can influence their own economic destiny, secure their families’ future, and become change-makers in society,” she said.

FG Unveils Plan to Empower 10 Million Women by 2027

Minister Sulaiman-Ibrahim acknowledged various obstacles preventing women from fully participating in the economy.

Limited access to credit, exclusion from formal financial systems, and susceptibility to fraudulent schemes were identified as critical issues.

FG Unveils Plan to Empower 10 Million Women by 2027

She urged immediate action to tackle these challenges and promote financial inclusion for women.

Emphasizing women’s significant role in Nigeria’s economic landscape, the minister highlighted that female entrepreneurs own approximately 40 per cent of small businesses in the country.

Echoing the minister’s sentiments, SEC Director-General Emomotimi Agama stressed the importance of women in the capital market and wealth distribution.

“The objective of this government is to empower women. We must educate women and bring them to the forefront of national recognition when it comes to the capital market,” Agama said.

He noted that women are often victims of Ponzi schemes due to their efforts to provide for their families, calling for greater awareness and financial protection.