The United Kingdom (UK) has launched direct funding of $100 million for women-owned businesses in the country. The fund is intended for the empowerment of women.
The British High Commissioner to Nigeria, Ms Catriona Laing, also said the UK has supported an additional 1.4 million girls in education in the north-eastern part of the country.
According to Laing, “The UK has three areas that focus on Gender. The three Es included educating girls, empowering women, and ending violence against women and girls. The UK has worked on education for decades, particularly in North East Nigeria where we have supported an additional 1.4 million girls going to school.
“On the empowerment side, we recently launched a $100 million program through the First Bank of Nigeria that will direct funding specifically to women-owned businesses. We are also digitizing humanitarian services and cash transfers so women can receive money directly into their bank account, giving them more power.”