BoI urges women entrepreneurs to embrace e-commerce

The South West Regional Head of Bank of Industry (BoI), Mr Ahmed Kagara, has advised women entrepreneurs to embrace e-commerce to grow their businesses. Kagara gave the advice in an interview with the News Agency of Nigeria (NAN) in Ibadan, on the sideline of the three-day 1st South West Regional E-Commerce Summit and Expo. He […]

The South West Regional Head of Bank of Industry (BoI), Mr Ahmed Kagara, has advised women entrepreneurs to embrace e-commerce to grow their businesses.

Kagara gave the advice in an interview with the News Agency of Nigeria (NAN) in Ibadan, on the sideline of the three-day 1st South West Regional E-Commerce Summit and Expo.

He said women entrepreneurs in the country should make use of e-commerce facilities to be in line with best global practices in business.

He said e-commerce was vital for the development of the various sectors of the Nigerian economy, including the banking sector.

“The emergence of e-commerce in the banking industry cannot be over-emphasised. It has facilitated the growth of the industry globally.

“In the South West, over 50 per cent of women engage in entrepreneurship through which they have been able to support their families.

 “However, they need to develop with the growth of technology that will expand their businesses. This is where e-commerce is of immense benefit to them,” he noted.

Kagara said embracing e-commerce will expand their businesses and also make the marketing process easy for them since they can always do business online and through open stores.

Kagara disclosed that BoI had many loan facilities available for women to access, adding that such loans gave them the opportunity to grow and expand their businesses.

“I want every woman in businesses, whether SMEs or capital intensive business, to avail herself of the opportunities of accessing our loans,” he said.