Some delegates to the National Conference on Thursday in
The delegates, who made the suggestion while deliberating on the report of the
She said that most women were engaged in various small businesses and since they were not big business owners, they could not compete with industrialists to seek loans from commercial banks.
I want to suggest that either
This has become imperative because they are major contributors to the Nigerian economy as they provide services in various areas.
I am an advocate of women's bank because with that, the bottlenecks will be removed especially the collaterals banks are asking us to pay. Some of us do not have these collaterals.
With the establishment of women's bank, I think a lot of progress would be made in that direction," Isma'il said.
In her contribution, Mrs Felicail Sani, representing
Sani said in spite of their contribution to the country's economic development, the women had not been given the needed attention.
In 1989, we were deceived and given the now defunct
I am appealing to this conference to recommend to government through an act to establish a special bank for the women.
I am not working on sympathy that the banks should not charge interest because their members of staff will be paid but they should charge a reasonable interest on loans to business women to encourage them to grow.
Call it a special bank for market women, for traders or women in agriculture," Sani said.
She, however, attributed the high cost of products to the challenges facing traders such as high cost of transportation, shop rent and multiple charges by local councils, among others. (NAN)
Most Popular Stories
- GE Healthcare Bringing Jobs to Massachusetts
- Apple Stock Bounces Back Big Time
- Faith Groups Divest From Fossil Fuels
- Spiders Get Bigger, Reproduce Faster in Cities
- James Foley Beheading Video Is Real Thing: White House
- Entrepreneur Contest Announced in Idaho
- Why BofA Won't Pay $17 Billion After All
- Notes From the July FOMC Meeting
- Obama Weighs Move on Legal Immigration
- Eric Holder Arrives in Ferguson