Women urged to invest, save money

Women have been urged to conserve cash, invest rather than spend, and seek new opportunities to enable them get out recession.

The CEO of Nakachi Consulting Limited, Mr Sam Ikoku said this during a training for women entrepreneurs in Abuja recently.

Ikoku, who was guest speaker at the event, also added that for the nation to get out of recession, the government should make credit available, make export licenses easier to get, make customs clearance easy and help people with leasing equipment to enable them process agricultural products.

“As a nation, we have to diversify the economy; we have to look at things that will help us earn foreign exchange. But government has to put things in place to make life easier ,” Ikoku said.

The chairperson of NECA Network of Entrepreneurial Women (NNEW), Abuja chapter organisers of the event, Mrs Ekaette Umoh, said the training was organised to help women broaden their minds and re-strategise for 2017.

“Nigeria cannot be a big economy with half of the women not participating in economic activities, so let women come out to do their own business and break free from any bounds holding them back and give their best,” Umoh said.

The vice president, NNEW, Abuja chapter, and CEO, House of Merola, Abiola M.Olumodeji, said the theme ‘Growing Your Business Exponentially in 2017’ was chosen to give women a fresh insight on how to make their businesses better even though there is economic recession in Nigeria.

A participant, Mrs Ene Ogbe, said the training was very enlightening. “The session today has been able to break things down to the point that, we can apply them to what we do.

“I learnt that when the say diversify, it does not necessarily mean going into another industry but even in the business you do, you can diversify and get multiple streams of income, ” Ogbe explained.