First Bank disbursed N58B to 81,000 female entrepreneurs: How To Apply
First Bank disbursed N58B to 81,000 female entrepreneurs: How To Apply: First Bank of Nigeria is disbursing N58B naira to female as part of putting women first in business, this is coming at a time when the world described the girl child as the future “the future is female”
N58B will be given to over 81,000 female businesswomen who are interested in shaping the economic viability of the society, Dr. Adesola Adeduntan, the bank’s Chief Executive Officer, made this known at the Lagos conference, the FirstGem annual conference 4.0 “The Art of Negotiation.”
According to the bank’s CEO- Dr Adesola Adeduntan
“Empowering women via agent banking proposition was one of the outcomes of the FirstGem initiative.
“ FirstGem product in 2020 gave out loans of N58 billion to over 81,000 female entrepreneurs and professionals to empower the Nigerian woman
“It gives us much joy to see that more women are embracing this proposition and getting empowered.
“FirstBank, through the FirstGem initiative, is committed to supporting the contemporary woman’s financial services needs across the various stages of her life.
“Our FirstGem value proposition provides real solutions to challenges faced by female entrepreneurs and working professionals.
“Additionally, at First Bank, we are leveraging the agent banking proposition to close the gender gap and tap into the rich and overlooked base of the pyramid customer segment (that is predominantly women) with the realization that failure to fully harness women’s productive potential represents a missed opportunity to drive accelerated global economic growth,”
“A recent World Bank report shows that 2021 will bring an increase in extreme poverty with a minimum of 71 million people expected to fall below extreme poverty lines”
“Women are losing their livelihoods as they are more exposed to hard-hit economic sectors”
“The United Nations also estimates that at least 47 million more women and girls will fall below poverty lines this year with a minimum of 247 million women in extreme poverty because of COVID-19 pandemic,”
“This suite of products will improve the earning capacity and reduce poverty levels amongst the womenfolk in the medium to long term. Success will be dependent on everyone playing a part,”