Ecobank Nigeria has announced enhancements to its Ellevate programme aimed at supporting women-owned businesses. The upgraded initiative expands access to financing, mentorship and business advisory services.
The bank stated that the programme seeks to address funding gaps affecting female entrepreneurs across sectors, including retail, manufacturing and services.
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Closing gender financing gaps
Women entrepreneurs often face limited access to affordable credit due to collateral requirements and high borrowing costs. The enhanced programme introduces flexible loan options and capacity-building support tailored to business size and maturity.
Participants will gain access to structured training, digital tools for financial management and peer networking opportunities designed to strengthen business resilience.
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Financial experts note that improving access to capital for women-led enterprises can stimulate employment growth and increase household income levels.
Contribution to SME development
Women-owned businesses represent a significant portion of Nigeria’s informal and formal economy. By expanding financing channels, the programme aims to improve sustainability and long-term competitiveness.
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Ecobank indicated that onboarding of new participants will begin this quarter, with outreach programmes planned across major commercial centres.
Industry observers say targeted financial inclusion initiatives could play a central role in broadening economic participation nationwide.
