Ogun, federal government and World Bank begin ₦6bn women’s fund disbursement
Ogun State, the Federal Government and the World Bank have started distributing a ₦6bn fund to 3,855 women’s groups. The initiative is intended to support women-led businesses, strengthen livelihoods and provide financial backing to organised groups across the state.
Ogun State, the Federal Government and the World Bank have begun disbursing a ₦6bn fund to 3,855 women’s groups in the state. The funding is intended to expand businesses led by women and improve livelihoods, according to information supplied by Punch Nigeria. The programme targets organised women’s groups rather than individual beneficiaries.
The available details do not specify how much each group will receive, the timetable for payments or the particular sectors that will be supported. The disbursement brings together the state government, the federal government and the World Bank in a programme focused on women’s economic activity. No further details were provided about eligibility, monitoring arrangements or the expected number of businesses to benefit.
The initiative’s stated objectives are to increase support for women-led enterprises and boost the livelihoods of participating groups. Punch Nigeria reported that the fund rollout has started, but did not provide details of the launch event or statements from officials involved.
This independently written report is based on information supplied by the named publisher. Vertrix News has not independently verified the source report.