In a startling revelation, the Federal Government has disclosed that nearly 80% of women-owned businesses in Nigeria remain cut off from formal credit systems, raising fresh concerns about financial inclusion and economic growth.

According to reports by leading outlets such as Punch Newspapers and Premium Times, the development highlights persistent structural barriers limiting women’s access to capital despite their growing role in the nation’s SME sector.

Experts warn that the funding gap could continue to stifle innovation and expansion among female entrepreneurs, who make up a significant portion of Nigeria’s informal economy. Stakeholders are now calling for urgent policy reforms, improved lending frameworks, and targeted financial interventions to bridge the gap.

The Federal Government emphasized its commitment to boosting women-led enterprises but acknowledged that more aggressive strategies are needed to ensure inclusive economic participation.