First City Monument Bank (FCMB) has launched the Fempreneur Accelerator program to enhance both financial and non-financial support for women in small and medium enterprises (SMEs) across Nigeria. This initiative is part of the bank’s SheVentures program, developed in collaboration with Shecluded, an organization focused on finance and capacity building for women entrepreneurs.
The Fempreneur Accelerator addresses the unique challenges that female entrepreneurs face in Nigeria. It aims to provide technical assistance and vital resources to 350 women, equipping them with essential skills in financial management, business planning, and access to funding opportunities. This support intends to bridge the gap that often hinders women-led businesses from reaching their full potential.
Felicia Obozuwa, Divisional Head of Corporate Services and Service Management at FCMB, emphasized the bank’s commitment to empowering women in business. “At FCMB, we recognize the vital role women entrepreneurs play in driving economic growth. Our partnership with Shecluded reflects our dedication to fostering an inclusive environment where women can thrive. Through the Fempreneur Programme, we aim to provide not just financial support but also opportunities for women to build sustainable businesses that contribute meaningfully to the Nigerian economy,” she stated.
Ifeoma Uddoh, founder of Shecluded, expressed excitement about the collaboration. “Our mission has always been to dismantle the barriers preventing women from accessing the resources they need to succeed. Partnering with FCMB allows us to extend our impact and reach more women eager to grow their businesses. We are excited about the future and look forward to seeing these entrepreneurs thrive,” Uddoh said.
The Fempreneur Programme welcomes women from various sectors, focusing on technology, fashion, agriculture, and the creative arts. Through this initiative, Shecluded and FCMB aim to create a network of empowered women who can drive innovation and contribute to the broader growth of the Nigerian economy.
