• Friday, March 01, 2024
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Financial literacy: Foundation empowers women entrepreneurs in Lagos

EGO Foundation (1)

The Enterprise, Growth and Opportunities (EGO) Foundation, through its SheEnabled project’s fourth phase, has provided empowerment to female business owners living in the Yaba community in Lagos State. This endeavour reflects the NGO’s commitment to improving financial literacy among women in key markets throughout Lagos State.

The Foundation, dedicated to alleviating poverty and unemployment in African communities, emphasizes enterprise development, technology education, and skill enhancement, with a primary focus on empowering women and youth. SheEnabled, a flagship project, is committed to comprehensive financial inclusion and literacy initiatives.

Working hand-in-hand with partners like Access Bank and Worden HCD, the SheEnabled project has tackled challenges of poverty and gender inequality through robust financial inclusion and digital literacy training.

Speaking at the training session held recently in Lagos, Toluwase Olaniyan, founder of EGO Foundation, said: “Seeing the SheEnabled project’s tangible results is inspiring. It shows the power of collective effort and targeted interventions. We are paving the way for a future where every woman has the chance to thrive and shape her destiny.”

Also at the event, the market women leader said “The SheEnabled project has brought transformation to our community. It marks the beginning of better financial practices for our women.”

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Similarly, participants in the project witnessed substantial growth in financial literacy and gained proficiency in digital skills, enabling them to navigate online platforms for financial transactions and business management effectively.

The project’s business training sessions have led to tangible results, with women experiencing business growth and diversification, applying their newfound skills to advance their enterprises. Furthermore, increased access to formal financial services has provided the necessary resources for women to invest and expand their businesses.

“The SheEnabled project not only empowers individual women but also sets the stage for sustained economic growth, job creation, and improved living standards in underserved communities,” Olaniyan said.