Tuesday, November 20, 2018
Advertisement

Nigeria has ‘more female entrepreneurs’ than any country in the world

Nigeria has ‘more female entrepreneurs’ than any country in the world
February 10
16:17 2017
Advertisement

Nigeria has the highest number of female entrepreneurs in the world, according to BBC.

The organisation spoke with two women who sell moi moi, a traditional meal made from beans, to make a living.

Ayo Megbope started by selling moi moi, but now has a restaurant and a catering service, while Aminat Salau, a market seller is also doing well.

“Forty percent of Nigerian women are entrepreneur, that is higher than anywhere else in the world,” BBC said.

Megbope described her business journey, narrating how she relied on family and friends because traditional financial institutions would not help.

“I started my business about nine years ago with a seed capital of $3. Nine years after, we are turning over about $250,000 annually,” she said.

“My access to education and information has helped me a great deal. Family and friends have also been good to me.

“There have been times that I got stuck and I needed to raise capital and I ran to family and friends because the traditional financial institutions would not listen to me.”

Moi Moi Enterpreneur1

Salau at her business location

On the other hand, Salau depends on human traffic to determine her sales.

“Sales are good, on some days we sell 60 or 80 wraps in the morning. When we have more time or more people passing by, we sell till late in the evening,” she said.

BBC said it would be difficult for traders like Salau to grow their business.

“Female entrepreneurs in Nigeria often struggle to secure investment, banks normally require collateral, like property, which women often do not have. Without access to capital, it will be difficult for Aminat to grow her business.”

RECEIVE ALERTS FROM THECABLE

BBM CHANNEL C0038F78B
WHATSAPP 08113975334
TWITTER @thecableng
Copyright 2018 TheCable. All rights reserved. This material, and other digital content on this website, may not be reproduced, published, broadcast, rewritten or redistributed in whole or in part without prior express written permission from TheCable.
Tags
Advertisement

Social Comments

2 Comments

  1. Reader
    Reader February 11, 11:04

    Does anyone know where we can find Aminat Salau

    Reply to this comment
  2. Reader
    Reader February 11, 11:06

    Can i pls get the contact detail for aminat salau

    Reply to this comment

Write a Comment

Your email address will not be published.
Required fields are marked *

*

Advertisement

Exchange Rates

November 16, 2018USDGBPEUR
INTERBANK306397354
LAGOS359475418
KANO359476420
PH360476420
ABUJA359478419
NOTE: The black market rates represent the most prevalent. They could be slightly higher or lower among different sellers.
Advertisement