Dr. Mariya Mahmoud, Federal Capital Territory, FCT, Minister of State, noted that women play a dual role as key drivers of the national economy and initiators of innovation, social progress, and sustainable growth.
The minister, featured as the Special Guest of Honour at the Abuja Business and Investment Summit, urged stakeholders to provide support to entrepreneurs
In a statement issued by Austine Elemue
SA Media To FCT Minister of State, 18th October, 2024., Mahmoud emphasized the significance of women’s entrepreneurship, noting that female-led businesses typically exhibit heightened social responsibility and have a profound impact on their surrounding communities.
The Minister pointed out notable challenges that impede women’s entrepreneurial progress, despite their inherent potential.
“From limited access to financing and mentorship, to social and cultural constraints. The challenges are numerous.
“However, it is time we recognize that empowering women entrepreneurs is not just a matter of equity; it is an economic imperative,” Mahmoud emphasised.
While expressing gratitude that women are increasingly taking on leadership roles in business, she revealed that the World Bank estimates, women own about 41 per cent of Small and Medium Enterprises (SMEs) in the country.
According to her, “Most women are breaking barriers, creating jobs, and driving economic growth. They are in technology, agriculture, manufacturing, and services—proving that their contributions are as diverse as they are impactful”.
The minister tasked the Abuja Investment Company Limited to intensify efforts in establishing platforms that connect emerging women entrepreneurs with experienced mentors that could provide the guidance and support necessary for success.
Amb. Maureen Tamuno, the Group Managing Director and Chief Executive Officer of Abuja Investments Company Limited, in her opening remarks stressed that it is the responsibility, as leaders and changemakers, to dismantle barriers faced by women and create pathways for sustainable growth for women entrepreneurs.
Tamuno, expressed satisfaction that the 2-day summit has set the stage for actionable strategies that promote gender equity, drive inclusive growth, and foster a business environment where both men and women can succeed.
She called for collaboration and partnership as key to unlocking new opportunities and creating an investment landscape that embraces innovation, nurtures entrepreneurship, and delivers lasting impact for the communities.
