Wema Bank earmarks N8.9bn for women-run businesses

The MD/CEO of Wema Bank, Moruf Oseni, has stressed the need for inclusion and equity for women in the workplace, saying all hands must be on deck to ensure a good representation of both genders. He stated that Wema Bank would continue to be deliberate in supporting and promoting women, disclosing that the bank earmarked […]

The MD/CEO of Wema Bank, Moruf Oseni, has stressed the need for inclusion and equity for women in the workplace, saying all hands must be on deck to ensure a good representation of both genders.

He stated that Wema Bank would continue to be deliberate in supporting and promoting women, disclosing that the bank earmarked N8.9 billion as uncollateralized loans and also supported Nigerian businesses run by women.

Oseni spoke at the Wema Bank International Women’s Day programme, tagged “Empowerment through finance,” that was held in Lagos.

He said: “Let’s talk about their (women) offerings here and why it’s important to commit to these. The first thing we need to talk about is why support women? It’s extremely important. I’ve never seen a plane that will fly on one wing. It’s important to ensure that there’s inclusion and equality in the workplace for women. We are very deliberate in WEMA, as we make sure we recruit a good number of women.

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Oseni added that it was important to ensure more women are in Science, Technology, Engineering and Mathematics (STEM), saying they should be represented in the digital space.

On her part, the Chairman Wema Bank Board of Directors, Oluwayemisi Olorunshola, stated that the bank’s female-focused proposition, Sara, has transformed many lives, providing physical, financial, intellectual and other relevant resources for their personal and professional success.