•Says it offers huge opportunities for indigenous businesses
The Minister of women Affairs and Social Development, Ms. Pauline Tallen, has appraised the Federal government on the closure of Nigeria borders.
Tallen made this statement Friday at the African Women Entrepreneurship Program with theme: ‘Positioning for Funding’.
According to her “the closure has created huge opportunity for indigenous businesses especially in the agricultural sector which many women are involved,it is important to make proper use of it”.
She appraised the entrepreneurs on their efforts in production while promising to champion the course to ensure that products show cased will be NAFDAC approved.
The Minister further commended the Kwara state Governor on over 50 percent women representation in his cabinet
Urging women “to be up and doing as the season is becoming favourable to us.”
Principal consultant the learning gate Ajuma Ataguba in her address explained the need for women to take business further from the point of being a hobby.
Stating that for a business to gain access or be loan worthy it has to have a documented business plan.
Ataguba said “the important elements of a good business plan, foremost is having a written, well documented business plan, for this acts as a guide for navigation
A company with business plan has more advantage of accessing funds or loans for greater development.”
Speaking earlier Dr Lanre Phillips in his keynote address emphasized the need to have a purposeful and concise data showing business activities while ensuring that the target investors are studied to understand their demand.
Also at the event The chief executive officer of Ekaville consulting Ekaette Umoh, explained the need for women entrepreneurs to know that record keeping is of a key importance in business.
According to her “this shows the activities of the business and as such when presented makes it easier to access loans or funding as at a glance a financier could tell if it is save to accord loans to such business.