Empowering Women and Youth Entrepreneurs in Nigeria

Strategic Insights -

Expert analysts and business leaders gathered at the Nigerian-British Chamber of Commerce (NBCC) to charge women and youth entrepreneurs to develop skills, collaborate, and take bold steps to contribute to the country's economic growth and development. A graduation/induction ceremony was held for the NBCC Women and Youth Entrepreneurship Development Initiative (WYEDI) in Lagos, where several speakers emphasized the importance of entrepreneurship skills, collaboration, and humility. The event marked the launch of the NBCC Tech Programme and the inauguration of the WYEDI Alumni Network, aiming to nurture entrepreneurs and build legacies.

Key Takeaways:

  • Mrs. Olapeju Ibekwe, CEO of Sterling One Foundation, advised entrepreneurs to be audacious and create clear business goal plans to achieve success.
  • Mrs. Shola Ipinmoroti, Senior Vice President, Commercial at Wakanow Nigeria, emphasized the importance of collaboration, combining resources, expertise, and networks to scale a business efficiently.
  • The event highlighted the need for women and youth entrepreneurs to invest in skills development and collaboration to increase their contributions to Nigeria's economic growth and development.
  • Mrs. Yetunde Oni, Managing Director of Union Bank of Nigeria, represented by Vivian Imoh, urged the cohorts to be more open-minded in business and advocated for investing in women and investments by women.
  • The President of NBCC, Mr. Ray Atelly, stated that economic transformation requires inclusion, particularly for women and youth who are traditionally excluded from formal economic systems.
  • The NBCC Tech Programme aims to equip aspiring entrepreneurs with skills, mentorship, exposure, and opportunities to create sustainable businesses.

Statistics:

  • Over 300 young entrepreneurs have been trained across various vocational fields through the WYEDI initiative.
  • 125 cohorts and two graduates completed their 16 weeks of hands-on training and two weeks of industry immersion.
  • The NBCC has invested in the future of Nigeria by providing access to practical skills, mentorship, and economic opportunities through the WYEDI.

Sources:

  • News Agency of Nigeria (2025-05-17)
  • Nigerian-British Chamber of Commerce
  • Wakanow Nigeria
  • Sterling One Foundation
  • Union Bank of Nigeria