{
  "id": 14967076,
  "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",
  "topic": "world",
  "section": "World",
  "published": "2026-10-16T13:54:54.000Z",
  "source": {
    "name": "Punch Nigeria",
    "slug": "punch-nigeria",
    "url": "https://punchng.com/afdb-commits-750000-to-support-nigerian-women-entrepreneurs/"
  },
  "original_language": "en",
  "account": "The African Development Bank Group has allocated $750,000 in grants to support women-led businesses in Nigeria through a three-year program. This funding, to be shared equally among three Nigerian institutions, aims to bolster access to finance, entrepreneurship, and job creation. The Lagos State Employment Trust Fund (LSETF), Pan African Women Empowerment Network (PAWEN), and ImpactHER Foundation each receive $250,000 to provide tailored interventions for female entrepreneurs. The AfDB disclosed this partnership with LSETF in a statement, highlighting the initiative's role in enhancing women's participation in economic activities and generating employment.",
  "summary": "The African Development Bank Group has committed $750,000 in grants to support women-led businesses in Nigeria through a three-year programme. According to Punch, the initiative aims to strengthen entrepreneurship, improve access to finance, and create jobs. The funding is being provided through the Bank Group’s Affirmative Finance Action for Women in Africa initiative as part of the second cohort of the Women Entrepreneurship Enablers Project.\n\nThe total amount will be divided equally among three Nigerian institutions, with each receiving $250,000 to provide business development support to female entrepreneurs. Punch identifies the beneficiaries as the Lagos State Employment Trust Fund (LSETF), the Pan African Women Empowerment Network (PAWEN), and the ImpactHER Foundation. The LSETF portion is designated to support 610 women-led businesses, while PAWEN and ImpactHER will use their respective allocations to implement interventions for female entrepreneurs.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Punch",
        "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",
        "published": "2026-10-16T13:32:54.000Z"
      }
    ]
  },
  "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."
}