NEM Approves Grant for Women Participation in Economy

Omolabake Fasogbon

NEM Insurance Plc has reiterated its commitment to growth by offering N100,000 financial grant  to five women to drive expansion of their businesses. 

The gesture was in fulfillment of NEM’s ‘She Means Business Challenge’, also in commemoration of 2024 International Women’s Day, themed:  “Inspire Inclusion, Invest in Women: Accelerate Progress”.

Beneficiaries of the grant emerged in a tight contest involving over 230 others. The grantees were selected following a display of intelligence, resilience, innovativeness and entrepreneurship spirit. 

Commenting, Managing Director and Chief Executive Officer of the organisation, Mr Andrew Ikekhua acknowledged women’s contribution to the economy accounting for 41% of the ownership of micro-businesses in the country. 

He expressed that supporting women will clear and create new paths for economic expansion. 

“We are determined to encourage female economic empowerment and inclusion as a social objective, given the various impacts and contributions women play in society. We appreciate in no small measure their drive to identify a need in the environment and efforts to create  businesses and services that meet those needs through innovative ideas”.

He further stressed the need to protect businesses for continuity and prosperity, expressing the proactiveness of the organisation in this regard.