First Bank’s Chairman,Mrs. Ibukun Awosika, has given women entrepreneurs reasonable tips on how to make their businesses Global.
She spoke this during the First Gem 4.0 conference held in Lagos, with the theme: ‘The Art of Negotiation’ which provides women with insights on the secrets of wealth management, investment and savings.
According to Awosika, women should make use of the available opportunities by being informed about their environment, including having understanding of government policies.
If you do not know the direction of government policy, you cannot know if you are working against the direction of such policy and that will leave you in the dark. It is important you create advantage for yourself, so that you can compete. And part of that advantage is in you educating yourself, so that you will be able to compete.
Looking at the world at large,it is structured in such a way that connects room for small businesses that understand the power of connectivity to thrive.
It does not matter how little your business is, or the products you are dealing with, there is a global reference point, that affects what you do, at the corner of your room. Because every action somewhere has a ripple effect that will eventually land at your doorstep, your ability to survive situations like that gives you an edge.
No matter how little your business is, the connectivity across the whole world will affect it. It is important that you pay attention to what is going on around the world. Pay attention to political issues, because political issues from around the world and local environment impact the economy of your country and your business
Meanwhile,Chief Executive Officer FirstBank Nigeria Limited, Dr. Adesola Adeduntan said the bank will continue to support women-led businesses which he said have accesse of N58 billion credit from the bank.
He also said that FirstBank remains committed to supporting women-owned businesses and the economy generally with its expanding retail lending as well as its drive for financial inclusion. He said:
FirstBank, through the FirstGem initiative is committed to supporting the contemporary woman’s financial services needs across the various stages of her life.
Our FirstGem value proposition provides real solutions to challenges faced by female entrepreneurs and working professionals.
Today, our work is more important and impactful than ever! A review of the performance of the FirstGem initiative shows the effectiveness of our efforts to elevate and empower the Nigerian woman.
In 2020, we gave out loans of NGN 58 billion to over 81,000 female entrepreneurs and professionals.
Empowering women via agent banking proposition is one of the outcomes of the FirstGem initiative.
Across our agent banking network, the largest verified bank-led agent banking network in Nigeria, we have about 24,500 female agents representing 28 per cent of the agents in our network. It gives us much joy to see that more women are embracing this proposition and getting empowered.
However, Head of Consulting in Agusto Consulting, Jimi Ogbobine, urged participants to ensure they make use of the growing e-commerce space.
e-Transactions in Nigeria is now larger than the Gross Domestic Product (GDP) of Nigeria even without the telcos putting full hug into it.