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Financial Inclusion: Government, firm empowering women in SMEs with 37,000 PoS machines

Barr. (Mrs.) Uju Kennedy-Ohanenye, Honourable Minister for Women Affairs (middle) with Some Beneficiaries, at the Inaugural Ceremony og the PoS Scheme, in Abuja, FCT Photo: FMINO

*Barr. (Mrs.) Uju Kennedy-Ohanenye, Minister for Women Affairs, emphasises the distribution of the Point of Sale (PoS) machines to women represents a significant step in the current administration’s commitment to enhancing financial inclusion and empowerment of women in line with the Renewed Hope Agenda of Government

Isola Moses | ConsumerConnect

The Federal Government of Nigeria, in partnership with PLUG Terminals, has commenced the distribution of free Point of Sale (PoS) machines to women with a view to boosting their Small-Scale Enterprises (SMEs) across the West African country.

Barr. (Mrs.) Uju Kennedy-Ohanenye, Honourable Minister for Women Affairs, at the inaugural ceremony Thursday, May 16, 2024, at the Ministry’s Headquarters, in Abuja, FCT, noted the exercise is the 1st phase of the Scheme targeting 1,000 beneficiaries in the Federal Capital Territory (FCT) out of the 37,000 units earmarked for the 36 states of the Federation.

Mrs. Grace Njoku, Head and Information and Public Relations in the Ministry of Women Affairs, stated Barr. Kennedy-Ohanenye also emphasised that the distribution of the PoS machines represented a significant step in the present administration’s determination towards enhancing financial inclusion and empowerment of women in line with the Renewed Hope Agenda of Government

The Minister averred President Bola Ahmed Tinubu-led Administration is committed to equipping the feminine gender in order to upscale their economic status with a view to enabling them to actively contribute, not only to the development of their families but also to the socio-economic growth of the Nigeria.

She also expressed optimism that the commencement of the free PoS machines by the Ministry to women would not only unlock their potential, but ensure poverty alleviation, job creation as well as improve security in the country.

Kennedy-Ohanenye further disclosed that modalities are being worked out for beneficiaries to access N25,000 monthly for three months as start-up capital from social funds through database of the Ministry’s E-commerce Portal in order to enable them commence the business with ease.

The Minister urged the women to work diligently towards ensuring the success of the PoS empowerment scheme.

She likewise advised them to support the Federal Government’s effort at improving the wellbeing of the gender through the various poverty alleviation interventions in place for them.

Earlier in his welcome address on the occasion, Amb. Gabriel Aduda, Permanent Secretary of the Federal Ministry of Women Affairs, stated that the Scheme is one of the initiatives of government in collaboration with PLUG Terminals.

Aduda stressed the aimed at reducing poverty among women while contributing to the actualisation of the Sustainable Development Goals (SDGs) in Nigeria.

He expressed the Ministry’s willingness to continue to partner with relevant stakeholders in the realisation of the mandate.

Okiemute Akoko, Director of PLUG Terminals, also said that the PoS Scheme as well attracts subsidised health services for the beneficiaries through a payment of N200 monthly and N2,400 annually.

Akoko advised the beneficiaries of the scheme to take advantage of the health services to keep fit and work towards the realisation of the objectives of the programme.

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