SEC confirms dedication to providing inclusive financial services for investors
literacy programmes. Despite the progress made, several barriers still hinder women’s participation in the financial sector, including cultural limitations, financial literacy gaps, and inadequate access to credit. Ms. Usman urged stakeholders to collaborate to dismantle these barriers and enhance financial inclusion for women.
SEC remains committed to strengthening collaboration with stakeholders to drive more gender-focused financial inclusion policies. The commission encourages financial institutions and market operators to introduce more products tailored to the unique needs of women, thereby promoting inclusivity and empowerment in the financial sector.
The statement by SEC underscores the importance of creating an inclusive financial ecosystem that empowers women across all sectors. By taking deliberate steps to ensure that the capital market caters to the specific financial needs of women, SEC aims to promote an empowered economy through the financial empowerment of women. Through policy advocacy, regulatory frameworks, and partnerships, SEC continues to encourage the development of women-focused financial products and services.
One example highlighted in the statement is United Capital’s Women Wealth for Women Fund, designed to empower women with wealth creation opportunities. Additionally, innovative financial products within the commodities market have been structured to enhance women’s participation in agribusiness, recognizing the critical role many Nigerian women play in this sector.
Furthermore, SEC has actively promoted investor education for women through webinars and targeted financial literacy programs. By reaching market women, Small and Medium Enterprises, and women-led businesses, SEC aims to empower women with the knowledge and tools necessary to participate more effectively in the financial sector. Despite the progress made, cultural limitations, financial literacy gaps, and inadequate access to credit continue to hinder women’s full participation in the financial sector.
Ms. Usman’s call for stakeholders to work collectively to dismantle these barriers highlights the ongoing commitment of SEC to promoting gender-focused financial inclusion. By encouraging collaboration and the introduction of more tailored products, SEC aims to create a more inclusive financial ecosystem that empowers women economically. The commission’s dedication to fostering inclusivity and empowerment through targeted initiatives and partnerships reaffirms its commitment to ensuring equitable access to financial services and investment opportunities for all investors.
