Enugu State Government Signs $ Loan Deal to Boost Women’s Empowerment

The Enugu State Government has taken a significant step towards advancing women’s empowerment by signing a Subsidiary Loan Agreement for the Nigeria for Women Project.

This project, implemented through the Ministry of Children, Gender Affairs, and Social Development, aims to improve the livelihoods of women in Enugu State through enhanced access to livelihood support, financial services, and capacity building.

Key Components of the Project:

• Women Affinity Groups: Establishment of groups to support women in business and entrepreneurship
• Grants: Provision of grants to women-led businesses and entrepreneurs
• Training: Training on financial literacy and entrepreneurship skills development
• Financial Inclusion: Enhanced access to financial services for women
• Capacity Building: Capacity building for women to participate in decision-making processes

Benefits of the Project:

• Economic Independence: The project promises to unlock immense opportunities for women-led businesses, industrialization, export, food security, and financial inclusion
• Poverty Reduction: By providing livelihood support and financial services, the project aims to reduce poverty among women in Enugu State
• Empowerment: The project will empower women to participate fully in the economy and decision-making processes

Government’s Commitment:

• Counterpart Funding: The state government has committed to providing counterpart funding for the project
• Implementation: The government is committed to ensuring the successful implementation of the project
• Partnership: The project is a partnership between the Enugu State Government and the World Bank.