Connect with us

Published

on

Africa’s largest retail bank, Access Bank Plc., yesterday collaborated with the Lagos State Employment Trust Fund (LSETF) to launch the LSETF W Initiative aimed at economically empowering women in Lagos State.

The initiative, which has a total loan portfolio of N10billion, is targeted at women-owned businesses (with at least 50% ownership share) in operation for 1-5 years.
While delivering his address, Access Bank Group Managing Director, Herbert Wigwe said: “Access Bank is fully committed to bridging the existing gap and provide women with the support they need to successfully implement their business ideas”.

“Looking at the number of women present here today, I don’t think the initial N4billion we set aside to help women will be sufficient and based on that, the initiative fund will be increased to N10billion. Through partnerships with organisations such as LSETF, Access Bank will continue to help women break boundaries, reinvent the status-quo and take advantage of opportunities provided by technology and quality financial systems to make significant impact on the economy of Lagos State and Nigeria as a whole,” Wigwe added.


Delivering his keynote address, the Lagos State Governor, Babajide Sanwo-Olu expressed his delight at the timeliness of the initiative, including its immense opportunities for residents in the state.


“The LSETF W Initiative has come at a very critical time for our economy, as we believe that women have a great role to play towards achieving the developmental results that we seek in our state,” said Sanwo-Olu.


“It is important to leverage on the accumulation of resources built through relationships, trust, goodwill, and influence between the State and other private sector stakeholders to make things happen quickly. We are very proud of Access Bank as they continue to make available their financial and business expertise as well as their funds towards ensuring that our women are given adequate access to resources that will aid their successes,” he added.


Access Bank has a long history of supporting female empowerment, offering over 8,000 personal loans valued at over N10.6billion since 2018, with over 330 loans given to women in business valued at over N16.6billion.

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Entertainment

Skit Maker “Cute Abiola” Shares First Pictures in office as Special Assistant To Kwara State Governor

Published

on

Abiola is a former Naval Officer who has resigned to concentrate on his comic business. The skit maker/ honorable, took to his instagram earlier to announce his resignation from the Nigerian Navy.

 

“Nigerian Navy has become my roadmap to a sustainable career path. I was overwhelmed with regards to the approval of my exit from the Navy by the Chief of Naval Staff so as for me to have enough time to pursue my dreams. Thank you Nigerian Navy. ONWARD TOGETHER!!!”—he wrote.

 

He later announced his appointment as Special Assistant on Creative Industries to Kwara State Governor, AbdulRahman AbdulRazaq.

Continue Reading

Entertainment

Nwoko Attacks Wike Again – Asks Him To Account For Rivers Money

Published

on

A few days after calling for the expulsion of Rivers state governor, Nyesom Wike from the PDP,

former Delta Lawmaker and billionaire businessman, Ned Nwoko has accused the fiery governor of squandering the Paris Club refund that accrued to the state and local government areas for self-gratification.

 

Mr Nwoko, who is the Peoples Democratic Party (PDP) senatorial candidate for Delta North, stated this in a statement on Tuesday.

 

Mr Nwoko has been engaging the Rivers governor whom he accused of instigating the crisis in the PDP for selfish reasons after failing to win the presidential primary of the party and also failing to secure a slot as a running mate to Atiku Abubakar, the PDP presidential candidate.

 

Mr Nwoko had earlier described Mr Wike as a “nuisance” and called for the expulsion of the governor from the party.

 

Mr Nwoko described Mr Wike as a “failed obscure lawyer,”. He challenged the governor to disclose his source of livelihood outside political office which, according to him, Mr Wike “obtained through rascality and dubious tactics.”

 

“The Rivers state governor squandered the Paris club refund, which accrued to the state, diverted the entitlements that ought to have been paid the local governments, for self gratification. How did he utilise the money? He mismanaged it.

 

“Instead, Wike is gallivanting around the world wasting Rivers State’s money, chasing shadows and in the process 25 innocent kids died in the state hospital because of lack of electricity in the hospital. In a civilised society, Wike should have resigned. Indeed he would be prosecuted for the deaths of these innocent kids. This is unpardonable criminal negligence, yet a power-hungry governor like Wike is busy looking for another political office to continue pillaging public resources while his people suffer.”

Continue Reading

Trending News