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Ministry trains women cooperative groups on business growth, sustainability

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The Federal Government on Wednesday trained women cooperative groups from the six area councils of the FCT on how to grow a business and how to sustain business growth.

Mrs Pauline Tallen, the Minister of Women Affairs and Social Development, said that the two-day training would go a long way toward repositioning Nigeria’s economy and contribute to diversifying it from the “oil enclave” to agriculture and entrepreneurship development for economic prosperity.

“Globally, entrepreneurship in small, medium and large scale has been accepted as the engine of economic growth and promoting equitable development.

“The major advantage is its employment potentials at low capital cost.

highest in the employment for industrial production and exports.

its agility and dynamism.

“It has shown encouraging innovation and helped the country to survive economic recessions,’’ she said.

Tallen, who was represented by the ministry’s Director of Economic Services, Alhaji Idris Mohammed said that the Economic Recovery and Growth Plan (ERGP) – a policy strategy of the Federal Government – would focus on sustainable economic development through entrepreneurship development of small and medium enterprises.

She noted that women had a natural appetite for entrepreneurship and were found to be active participants in different profitable businesses in efforts to support their families.

Tallen said that many women who started petty-trading had been able to grow their businesses into bigger enterprises capable of employing large numbers of workers and generating financial support for the economy.

She said that women entrepreneurs engaged mainly in businesses such as textiles production, food processing, confectionery production, weaving, fashion designing, and soap-making, among others.

According to her, limited access to funds has been a major constraint for women entrepreneurship development.

She, therefore, stressed the need for the adoption of proactive measures to make credit facilities available to women entrepreneurs.

She said that banks and other financial institutions should be encouraged to offer their support in order to achieve the necessary growth, development, and sustainability of entrepreneurship. 

The minister urged the trainees to make productive use of the skills acquired during the training to improve their businesses.

She said that the government was committed to providing infrastructure for business growth and development.

training would expose women to wide-ranging information that would help them develop the skills needed for business expansion.

“The training will focus on Business and Financial Management, Information, Networking, and Digital Marketing, Value Addition and Business Acceleration/Entrepreneurship,” she said.

Nigeria News Agency reports that more than 600 women from various cooperative groups in the six area councils participated in the training.

Mrs Cordelia Ude, a participant, said that the training had further expanded her mental capacity and business horizon.

She added that she would practice what she had learned to improve her business.

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(Edited by Chidinma Agu/Emmanuel Yashim (NAN))

Contact US: editor@nnn.com.ng, nnnnews247@gmail.com

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