CBN and Partners Launch Women Entrepreneurs Finance Code

The Central Bank of Nigeria (CBN), in partnership with several organizations, launched the Women Entrepreneurs Finance Code on Wednesday, October 9, 2024, at 11:00 AM in the MPC Room of the CBN Headquarters in Abuja. Themed “Declaration of Commitment: Unlocking Her Power,” the event underscored the commitment to empowering female entrepreneurs in Nigeria.

Key attendees included Ms. Emem Usoro, Deputy Governor of Operations at CBN; Dr. Olasupo Olusi, MD/CEO of the Bank of Industry; Mr. Olayemi Cardoso, Governor of CBN; Dr. Tony Okpanachi, MD of the Development Bank of Nigeria; Ms. Bertine Kamphuis, Lead Country Economist at the World Bank Group; and Mr. Philip Ikeazor, Deputy Governor of Financial System Stability at CBN.

With this initiative, Nigeria joins the global effort to empower women entrepreneurs to reach their full potential. 

CBN Governor Olayemi Cardoso urged stakeholders to embrace the Women Entrepreneurs Finance (We-Fi) Code, emphasizing its potential to advance financial inclusion for female entrepreneurs nationwide. According to Cardoso, this commitment represents more than just a symbolic gesture—it marks a crucial step toward bridging the gender financing gap and placing women entrepreneurs at the forefront of national development.

The World Bank Nigeria supports the CBN and its partners' mission to improve access to finance for female entrepreneurs, reinforcing their shared goal of closing this gap.