Mohamed Garba
In a strategic move to bolster Nigeria’s burgeoning economy, the Federal Government has called on women nationwide to actively participate in capital market investments. This initiative aims to harness the untapped potential of female investors, thereby driving economic growth and achieving the nation’s ambitious $1 trillion GDP target.
The Director of Information and Public Relations in the Ministry of Finance, Mohamed Manga revealed this on X on Tuesday, he emphasized the critical role women play in economic development, urging them to explore the myriad opportunities within the capital markets. “Women’s participation in the financial sector is not just a matter of equity but a catalyst for national prosperity,” she stated. “By investing in the capital markets, women can secure their financial futures while contributing significantly to our nation’s economic stability.”
This call to action aligns with the Securities and Exchange Commission’s (SEC) ongoing efforts to promote financial inclusivity. Mrs. Samiya Usman, SEC’s Executive Commissioner for Corporate Services, reaffirmed the commission’s dedication to creating an inclusive financial ecosystem that empowers women across all sectors. She highlighted that the SEC has been proactive in advocating for policies and regulatory frameworks that encourage the development of women-focused financial products and services. “A financially empowered woman is the bedrock of a prosperous economy,” Usman remarked. “Through policy advocacy and partnerships, we continue to encourage the development of women-focused financial products and services.”
In a related development, United Capital Asset Management has launched the “Wealth for Women Fund,” designed to encourage women to cultivate a healthy investing culture and increase their participation in Nigeria’s capital market. This initiative seeks to address the significant gender gap in financial inclusion, offering women competitive returns by investing in high-yielding fixed income assets and selected quoted stocks from the Nigerian Exchange.
These concerted efforts underscore a broader commitment to women’s economic empowerment in Nigeria. By fostering an environment that encourages female participation in capital markets, the Federal Government and financial institutions aim to unlock a wealth of opportunities, propelling the nation towards its economic aspirations.
