No fewer than 500,000 women across the 36 states and the Federal Capital Territory (FCT) are expected to benefit from an empowerment program powered by a United Kingdom organisation, Jose Foundation, in conjunction with financial technology firm, Agency Alliance Limited.
The President of the foundation, Dr. Martins Abhulimhen, made the disclosure in a statement made available to THISDAY in Ibadan, Oyo State. He said the empowerment program was to promote financial inclusion among women in Nigeria, stating that the COVID-19 pandemic has impacted negatively on the activities of women across all sectors of the economy leading to the need to deplore technology in addressing some of the challenges.
According to him, “It is a known fact that in the face of lockdowns, closed branches and social distancing, consumers are turning to digital finance. Women’s preparedness for financial inclusion has just received a boost with the entrance of Jose foundation into fintech powered by Agency Alliance Ltd. in Nigeria
“With the introduction of a new fintech innovative product called BANK – IN – BOX Initiative. The product would help drive financial inclusion among women in Africa.”
Abhulimhen, added that some of the features of the program include provision of point of sales terminals, access to working capital (micro credit initiatives), capacity building, competitive commissions and extra income for the family. He stated further that women would also have access to working capital, earn attractive commission and enjoy extra income, noting that some of the advantages of the technology include increasing women participation in the economy while income from economic activities will enhance a shift in gender norms.
“As we make this digital tool available to the women community, financial inclusion drive is enhanced and expected to cover the entire country”, he said.
