Empowering women in business: CFYE, Shecluded collaborate to create jobs

When more women work, economies grow. According to the United Nations, if women’s paid employment rates were raised to the same level as men’s, the economy would be better.

Women’s economic empowerment boosts productivity, increases economic diversification and income equality in addition to other positive development outcomes.

It is on this knowledge that the Challenge Fund for Youth Employment (CFYE) has joined forces with Shecluded, a dynamic business network, to empower women entrepreneurs and catalyze job creation.

The project is designed to create and improve women entrepreneurship for youth job creation.The project impact goal is to be able to create employment for 3600 young women within the ages of 18 – 35 in the next two years.

The initiative is targeted at five states in Nigeria and is set to invest a total of one million euro in the female economy.

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In today’s dynamic world, numerous talented women find themselves facing unemployment and financial insecurity.

These women possess immense skills and potential, but social and environmental barriers hinder their progress. Among them are former high-performing career women who, due to unavoidable circumstances, have had to relinquish their positions because of their family.

Recognizing this pressing challenge, Shecluded is taking the lead in creating opportunities and fostering women’s economic empowerment. The Program aims to bridge the gap and provide aspiring female entrepreneurs with the resources, support, and guidance they need to transform their business ideas into thriving ventures.

“We believe in the boundless potential of women in business, and our partnership with CFYE strengthens our commitment to their success,” stated Ifeoma Uddoh, CEO at Shecluded.

“The Incubator Program is a testament to our collective dedication to creating a more inclusive and empowering business landscape for women in Nigeria.”

Through this innovative program, participants will receive comprehensive business training, mentorship, invaluable resources, access to a collaborative co-working space, Debt funding of up to two million naira, and a nurturing ecosystem, allowing them to work at their own pace and realize their entrepreneurial dreams. By unlocking these opportunities, Shecluded Hub is paving the way for aspiring female entrepreneurs to become catalysts for change and economic growth in their communities.

Ifeoma Okeke-Korieocha

Ifeoma Okeke-Korieocha is the Aviation Correspondent at BusinessDay Media Limited, publishers of BusinessDay Newspapers. She is also the Deputy Editor, BusinessDay Weekender Magazine, the Saturday Weekend edition of BusinessDay. She holds a BSC in Mass Communication from the prestigious University of Nigeria, Nsukka and a Masters degree in Marketing at the University of Lagos. As the lead writer on the aviation desk, Ifeoma is responsible and in charge of the three weekly aviation and travel pages in BusinessDay and BDSunday. She also overseas and edits all pages of BusinessDay Saturday Weekender. She has written various investigative, features and news stories in aviation and business related issues and has been severally nominated for award in the category of Aviation Writer of the Year by the Nigeria Media Nite-Out awards; one of the Nigeria’s most prestigious media awards ceremonies. Ifeoma is a one-time winner of the prestigious Nigeria Media Merit Award under the 'Aviation Writer of the Year' Category. She is the 2025 Eloy Award winner under the Print Media Journalist category. She has undergone several journalism trainings by various prestigious organisations. Ifeoma is also a fellow of the Female Reporters Leadership Fellowship of the Wole Soyinka Centre for Investigative Journalism.