UK to fund Nigerian women-owned businesses with $100 million

November 17, 2022
Rishi Sunak
UK Prime Minister, Rishi Sunak. Photo Credit: Leadership News

Businesses  owned by Nigerian women will receive $100 million worth of investment from the United Kingdom, British High Commissioner to Nigeria, Catriona Laing, has revealed.

The funding is in line with effort to ensure gender equality in the country, also implement UK’s three ‘Es’ projects, that seeks to educate girls, empower women, and end violence against women and girls. 

Join our WhatsApp Channel

Laing revealed some details of the investment in women-owned businesses on Wednesday at the Gender and Inclusion Summit organised by the Policy Innovation Center (PIC) in Abuja. 

“The UK has three areas focusing on gender. The three ‘Es’ included educating girls, empowering women and ending violence against women and girls,” she told people at the summit. olkn

The High Commissioner also stated that, “The UK has worked on education for decades now, particularly in north-east Nigeria where we have supported 1.4 million additional girls going to school. 

“On the empowerment side, we recently launched a $100 million programme through the First bank of Nigeria which will [provide] direct funding specifically to women-owned enterprises.” 

Also speaking at the event, the United States Ambassador to Nigeria, Mary Leonard, said prioritising gender equality is key, and the American government invest $200 billion annually to close gender gaps through gender programmes. 

Leonard stated: “In Nigeria, the US mission works to promote an environment that supports women’s success and address challenges that hold women back and to empower Nigerian women to do the same.”

+ posts

Featured Stories

Latest from Business

Naira Ends Week With Marginal Gain Against Dollar

Naira Remains Stable Against Dollar In Black Market

Traders in the black market on Friday, December 19, saw no changes in the foreign exchange (FX) rate for the United States dollar (USD), as the naira neither depreciated nor appreciated. In a parallel market data provided by Naira Rates, the exchange
Five Best-Performing Banks In Q3 2025 -- By Profit Growth

Five Best-Performing Banks In Q3 2025 — By Profit Growth

Sterling Financial Holdings Company, First City Monument Bank (FCMB), Stanbic IBTC, Wema Bank and Ecobank are the top five best-performing banks in Nigeria by pretax profit growth in the third quarter (Q3) of 2025. The five banks made it to the list
Sokoto Commodity Board Director Jailed 7 Years For Job Scam
Previous Story

Sokoto Commodity Board Director Jailed 7 Years For Job Scam

FG Struggling To Borrow, As Foreign Investors Prefer US, Germany, Others
Next Story

Nigerian Govt Struggles To Borrow, As Foreign Investors Prefer US, Germany, Others

Don't Miss

Tinubu UAE

UAE’s Investment In Nigeria Surges To $375m Despite Visa Ban

The United Arab Emirates’ private investments in Nigeria have soared
women world cup reigning champions Spain

Boost As Netflix Partners FIFA For Women World Cup In 2027, 2031

Women football is about to enjoy bigger boast after Netflix