Moniepoint Inc., Africa’s fastest-growing financial institution as recognized by the Financial Times, recently collaborated with ACIOE Associates and Tech4Dev to host a two-day workshop in Abuja. This initiative aimed at empowering women entrepreneurs and People Living with Disabilities (PLWDs) with essential skills in financial management and online security.
Targeting over 100 small and micro-enterprise owners, the workshop focused on providing practical training in financial planning, budgeting, cybersecurity, and safe online payment practices. Special attention was given to advancing gender inclusion, emphasizing the importance of financial literacy and cyber hygiene for vulnerable groups, particularly women.
Organizers highlighted the significance of improving financial literacy, particularly in regions like Nigeria, where such gaps can hinder economic growth and financial inclusion. Enhanced financial education has been linked to better access to basic financial services, formal savings, and economic development. Improving women’s financial literacy is a key driver of informed decision-making, wealth-building, and gender equality.
Moniepoint’s Group CEO, Tosin Eniolorunda, noted, “Financial literacy is crucial for economic and social inclusion, especially for women. When women understand financial concepts, they are better equipped to manage their finances, access services, and contribute to the economy.” He also emphasized the importance of supporting businesses beyond the five-year mark, a critical challenge faced by many informal sector enterprises.
Innocent Isichei, Managing Partner of ACIOE Associates, addressed the additional challenges of online threats to women and PLWDs, stating that a secure digital environment is vital for economic empowerment. He highlighted the need to tackle societal barriers such as restricted access to credit and financial discrimination through initiatives like this workshop.
Participants praised the initiative for equipping them with practical tools to thrive in today’s digital economy while safeguarding their businesses from potential threats.