{"id":10811,"date":"2023-12-13T12:27:32","date_gmt":"2023-12-13T12:27:32","guid":{"rendered":"https:\/\/abujacityjournal.com\/livenews\/?p=10811"},"modified":"2023-12-13T12:27:32","modified_gmt":"2023-12-13T12:27:32","slug":"wema-bank-ceo-advocates-innovative-financing-to-boost-msmes-and-gender-equality","status":"publish","type":"post","link":"https:\/\/abujacityjournal.com\/livenews\/2023\/12\/13\/wema-bank-ceo-advocates-innovative-financing-to-boost-msmes-and-gender-equality\/","title":{"rendered":"Wema Bank CEO Advocates Innovative Financing to Boost MSMEs and Gender Equality&#8221;"},"content":{"rendered":"<div class=\"flex-1 overflow-hidden\">\n<div class=\"react-scroll-to-bottom--css-ylllp-79elbk h-full\">\n<div class=\"react-scroll-to-bottom--css-ylllp-1n7m0yu\">\n<div class=\"flex flex-col pb-9 text-sm\">\n<div class=\"w-full text-token-text-primary\" data-testid=\"conversation-turn-13\">\n<div class=\"px-4 py-2 justify-center text-base md:gap-6 m-auto\">\n<div class=\"flex flex-1 text-base mx-auto gap-3 md:px-5 lg:px-1 xl:px-5 md:max-w-3xl lg:max-w-[40rem] xl:max-w-[48rem] group final-completion\">\n<div class=\"relative flex w-full flex-col lg:w-[calc(100%-115px)] agent-turn\">\n<div class=\"flex-col gap-1 md:gap-3\">\n<div class=\"flex flex-grow flex-col max-w-full\">\n<div class=\"min-h-[20px] text-message flex flex-col items-start gap-3 whitespace-pre-wrap break-words [.text-message+&amp;]:mt-5 overflow-x-auto\" data-message-author-role=\"assistant\" data-message-id=\"45590e95-10c0-42bd-84b8-6efc538c3d9e\">\n<div class=\"markdown prose w-full break-words dark:prose-invert dark\">\n<p>In a recent Donor Roundtable event themed &#8220;Innovative financing: Gender-lens and climate-resilient solution&#8221; in Lagos, Wema Bank&#8217;s Managing Director\/CEO, Moruf Oseni, highlighted the crucial role of innovative financing in addressing core challenges faced by Micro, Small, and Medium Enterprises (MSMEs) and women in Nigeria.<\/p>\n<p>Oseni emphasized that despite being major employers, MSMEs grapple with issues such as limited access to capital, skill development, market access, logistics hurdles, economic slowdown, and inflation. To counteract these challenges, he stressed the necessity of developing tailored and inventive financing models that bridge funding gaps, especially for SMEs.<\/p>\n<p>The CEO underscored the importance of flexibility and easy access in these funding options, acknowledging the transformed global landscape shaped by the COVID-19 pandemic, climate change, and global economic disruptions. He expressed concern over the disproportionate impact of these changes on youth and women, citing higher unemployment rates.<\/p>\n<p>Dr. Ama Onyerinma, Co-founder of Africa Sustainable Trade, added her voice to the discussion, highlighting the need to address gender inequality, particularly the challenges faced by women entrepreneurs.<\/p>\n<p>Wema Bank, known for its commitment to customer empowerment, reported disbursing over N28 billion in loans to businesses across Nigeria in 2023, showcasing its ongoing support for financial, digital, and overall empowerment of its customers.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>In a recent Donor Roundtable event themed &#8220;Innovative financing: Gender-lens and climate-resilient solution&#8221; in Lagos, Wema Bank&#8217;s Managing Director\/CEO, Moruf Oseni, highlighted the crucial role of innovative financing in addressing core challenges faced by Micro, Small, and Medium Enterprises (MSMEs) and women in Nigeria. Oseni emphasized that despite being major employers, MSMEs grapple with issues [&hellip;]<\/p>\n","protected":false},"author":14,"featured_media":10839,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[],"class_list":["post-10811","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business"],"aioseo_notices":[],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/posts\/10811","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/users\/14"}],"replies":[{"embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/comments?post=10811"}],"version-history":[{"count":4,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/posts\/10811\/revisions"}],"predecessor-version":[{"id":10947,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/posts\/10811\/revisions\/10947"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/media\/10839"}],"wp:attachment":[{"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/media?parent=10811"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/categories?post=10811"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/tags?post=10811"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}