Group urges better governance for women-led businesses
Many women-led businesses in Nigeria face challenges due to weak governance structures, according to the Centre for Enterprise Governance. Dr Adeyinka Hassan, founder of the centre, highlighted that while women are active in the micro, small, and medium enterprise sector, structural and governance gaps hinder their growth. He emphasized the importance of advisory boards, internal controls, and clear decision-making frameworks for sustainable business development. The centre is working to raise awareness and provide support to help women entrepreneurs strengthen their governance practices.
TLDR
- Dr Adeyinka Hassan stated that many women-led enterprises struggle to scale due to governance and structural constraints.
- Key governance gaps include poor separation of personal and business finances, limited documentation, and lack of advisory boards.
- The Centre for Enterprise Governance supports women entrepreneurs through capacity-building, governance education, and practical resources.
- Mentorship and advisory boards are seen as crucial for improving strategic oversight and decision-making in women-led businesses.
- Dr Adeyinka Hassan called on financial institutions to support governance development alongside providing access to finance.
