{
  "id": 14963340,
  "title": "AfDB commits $750,000 to support Nigerian women entrepreneurs",
  "url": "https://urgent.news/2026/10/16/afdb-commits-750-000-to-support-nigerian-women-entrepreneurs",
  "topic": "world",
  "section": "World",
  "published": "2026-10-16T13:32:54.000Z",
  "source": {
    "name": "Punch",
    "slug": "punch",
    "url": "https://punchng.com/afdb-commits-750000-to-support-nigerian-women-entrepreneurs/"
  },
  "original_language": "en",
  "account": "The African Development Bank Group has pledged $750,000 in grants to empower women entrepreneurs in Nigeria through a three-year initiative. This funding, allocated equally among three Nigerian institutions, aims to bolster business development support for female entrepreneurs. The partnerships involve the Lagos State Employment Trust Fund (LSETF), the Pan African Women Empowerment Network (PAWEN), and ImpactHER Foundation, each receiving $250,000. The LSETF will directly support 610 women-led businesses, while PAWEN and ImpactHER will implement interventions targeting female entrepreneurs. This collaboration, under the second cohort of the Women Entrepreneurship Enablers Project, is financed by the AfDB's Affirmative Finance Action for Women in Africa initiative. Dr. Abdul Kamara, the AfDB's Acting Vice President for Regional Development, Integration, and Business Delivery, emphasized that women-owned businesses are crucial for Nigeria's economic growth and job creation. The program provides financial literacy, business formalization support, mentorship, business development services, and market access. Governor Babajide Sanwo-Olu of Lagos State welcomed the partnership, highlighting that women constitute nearly 60% of the businesses supported by the LSETF. This investment aligns with the AfDB's broader efforts to promote inclusive economic growth and expand opportunities for women entrepreneurs across Africa.",
  "summary": "The African Development Bank has committed $750,000 in grants to support women-led businesses across Nigeria under a three-year programme. Read More: https://punchng.com/afdb-commits-750000-to-support-nigerian-women-entrepreneurs/",
  "key_points": [
    "AfDB pledges $750,000 to support Nigerian women entrepreneurs",
    "Funds distributed among LSETF, PAWEN, and ImpactHER Foundation",
    "Initiative aims to boost business development for female entrepreneurs"
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Punch Nigeria",
        "title": "AfDB commits $750,000 to support Nigerian women entrepreneurs",
        "url": "https://urgent.news/2026/10/16/afdb-commits-750-000-to-support-nigerian-women-entrepreneurs-14967076",
        "published": "2026-10-16T13:54:54.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}