Stanbic IBTC Bank has restated its commitment to helping Nigerian women grow their businesses, noting that women entrepreneurs play a vital role in the nation’s economy.
In a statement released on Monday, the bank said women in business continue to drive innovation, create jobs, and build resilient enterprises across the country. It pointed to research by Mastercard published this year which showed that 83 per cent of Nigerian women consider themselves entrepreneurs. This figure is far above the regional average of 51 per cent across Eastern Europe, the Middle East, and Africa.
The report, titled Empowerment for All, highlighted that financial independence, personal ambition, and the ability to turn ideas into reality are some of the key factors driving women into entrepreneurship.
Stanbic IBTC explained that one of the ways it is offering support is through its Blue Blossom Account, which is specially designed to help female business owners overcome financial challenges. The account offers women entrepreneurs zero current account maintenance fees, concessionary loan rates, and access to business clinic sessions. According to the bank, this aligns with the Central Bank of Nigeria’s Sustainable Banking Principles and creates an easier pathway for women to access finance.
The lender also noted that it provides tailored credit options such as SME Lite and SME EZ Cash, which allow women-led businesses to access working capital, fund business expansion, or invest in new opportunities. The bank stressed that these solutions come with flexible terms to encourage more women to take bold steps in business.
Beyond financing, Stanbic IBTC said it also provides capacity-building opportunities through its SME Collab initiative. This platform gives women training, business management tools, and avenues to connect with other entrepreneurs. A key part of this initiative is the Bloom Weekend, a major empowerment event that brings together thousands of women entrepreneurs, professionals, and leaders. The event features masterclasses, advisory sessions, and a trade fair where women can showcase their businesses while networking with potential partners and customers.
The bank emphasized that investing in women entrepreneurs is not just about promoting equality but also about building a stronger and more inclusive economy.
“Supporting women is not just the right thing to do; it’s a smart investment in Nigeria’s future,” Stanbic IBTC said in its statement.
