The Bank of Industry (BOI) in an effort to support female entrepreneurs across Nigeria has launched project “Guaranteed Loans for Women (GLOW)”, a special intervention programme valued at N10 billion.
The bank’s Managing Director, Dr. Olasupo Olusi stated thus:
“Women entrepreneurs drive innovation, create jobs, and strengthen communities. However, financing remains one of their biggest challenges. Our goal today is to listen, simplify financing processes, and build a strong network that fosters sustainable growth.”
The GLOW Fund is designed to enhance access to capital for female entrepreneurs. The fund will provide low-interest loans, capacity-building programs, and mentorship opportunities to help women-led businesses thrive. It was established in collaboration with the Women’s Chamber of Commerce, Industry, Mines, and Agriculture (WCCIMA).