The FCT Minister of State, Dr. Mariya Mahmoud, has called on stakeholders and businesses to support women entrepreneurs.
The Minister observed that women are not just vital contributors to national economy; but also catalysts for innovation, social change, and sustainable development.
Mahmoud who was speaking at the Abuja Business and Investment Summit, also asserted that businesses led by women tend to be more socially responsible and have profound impact on their communities.
She highlighted some of the significant barriers faced by women in entrepreneurship despite their potentials.
“From limited access to financing and mentorship, to social and cultural constraints. The challenges are numerous.
“However, it is time we recognise that empowering women entrepreneurs is not just a matter of equity; it is an economic imperative,” Mahmoud emphasised.
While expressing gratitude that women are increasingly taking on leadership roles in business, she revealed that the World Bank estimates that women own about 41 percent of Small and Medium Enterprises (SMEs) in the country.
According to her, “most women are breaking barriers, creating jobs, and driving economic growth. They are in technology, agriculture, manufacturing, and services—proving that their contributions are as diverse as they are impactful”.
The minister tasked the Abuja Investment Company Limited to intensify efforts in establishing platforms that connect emerging women entrepreneurs with experienced mentors that could provide the guidance and support necessary for success.
Amb. Maureen Tamuno, the Group Managing Director and Chief Executive Officer of Abuja Investment Company Limited, in her opening remarks, stressed that it is the responsibility of leaders and changemakers, to dismantle barriers faced by women and create pathways for sustainable growth for women entrepreneurs.
Tamuno expressed satisfaction that the 2-day summit has set the stage for actionable strategies that promote gender equity, drive inclusive growth, and foster a business environment where both men and women can succeed.
She called for collaboration and partnership as key to unlocking new opportunities and creating an investment landscape that embraces innovation, nurtures entrepreneurship, and delivers lasting impact for the communities.
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