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TET PRESENTATION NLAND

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  1. 1. BY MEROYI .A. KEMI TET DIVISION,LINKAGE & EXTENSION DEPT., FIIRO. ISSUES IN WOMEN ENTERPRENEURSHIP
  2. 2. Globally, Entrepreneurs are the major Employers of Labour and the driving force of most World Economy. In recent times, issues bothering on women Entrepreneurship have been addressed in different context globally, indicating the significance of the contribution of women economically into their Nations, even when they were not given the right place in society. In Nigeria women constitute 55% of the entire population, as a result of this, more attention needed be paid to women entrepreneurship development. Moreover, since evaluation of policies and programmes are central, modalities' for measuring the impacts of Governmental policies on women entrepreneurial and economic development, remains as an important research issue. PREAMBLE
  3. 3. AIM To understand Entrepreneurship from a Gender perspective, see issues affecting this group, as well as challenges they face and need for acquisition of entrepreneurial skills as an important factor to economic growth through creation of an enabling environment for women and the expected impacts on the economy as a whole..
  4. 4. An entrepreneur, is an individual that create a business idea, by using his Creative skills to convert business opportunities into profitable Enterprise, and assumes risk involved in the management of the business. . Also an Entrepreneur is an individual that create a business idea by Producing, buying ,selling or supplying goods or services for money, especially one that involves taking risks. WHO IS AN ENTREPRENEUR?
  5. 5. Gender is a term introduced by Feminist scholars in the 70s to distinguish between biological sex of men and women.
  6. 6. Natural Partnership Institutional Factors Welfare factor Ownership Ratio
  7. 7. A Comparison of Women Entrepreneur to Men Entrepreneur in Nigeria: EDC Portal Characteristic Male Female Business Registration 68% registered 34% registered Business Location status 10% operate from Home 90% operate from Home Number of workers employed Average of 2 person per entrepreneur Average of 1 person per entrepreneur Capacity building 64% attend entrepreneurship Training 36% attend entrepreneurship Training Source of Capital 70%(personal) & 30% (Family) 10%(personal) & 90% (Family).
  8. 8. Women only own 1% of the worlds property In all Developing countries, women have fewer inheritance rights than men In 2/3 of countries, legal rights of women decline with marriage 44 countries restrict # hrs women can work; 71 restrict types of industries
  9. 9. Value owner Customer Creativity Achiever Persistency Flexibility Hardworking Passion Leadership Knowledgeability
  10. 10. CHALLENGES SOLUTION Few female role models Get a Female Mentor. Network with Organisation that promote women enterprise. Lack of Experience Acquire skills and Knowledge needed to operate the Business . Lacks confidence to take risk Be confidence in competition and be apt in taking right Decision Barriers to getting credit Technology Problem Tap into windows of finance opportunities/grants available for women. Acquire new Technology to meet market demands and quality standard. ISSUES ON WOMEN ENTREPRENEURSHIP PROMOTION
  11. 11. Table 1: Unemployment Rates (%) in Some Nations of the World Between 2003 AND 2011 Source: IMF, World Economic Outlook, 2012 Year Nigeria Egypt Malaysia Pakistan China 2011 23.9 12.1 3.1 6.0 4.1 2010 21.1 9.2 3.1 5.6 4.1 2009 19.7 9.4 3.7 5.5 4.3 2008 14.9 8.7 3.3 5.2 4.1 2007 12.7 9.2 3.2 5.3 4.0 2006 12.3 10.9 3.3 6.2 4.1 2005 11.9 11.5 3.6 7.7 4.2 2004 13.4 10.5 3.6 7.7 4.2 2003 14.8 11.3 3.6 8.3 4.3
  12. 12. Table 5: Global Hunger Index Country Ranking 2012 Country Rank GHI Azerbaijan 1 5.0 China 2 5.1 Malaysia 3 5.2 Paraguay 4 5.3 South Africa 9 5.8 Swaziland 24 10.9 Senegal 35 13.7 Nigeria 40 15.7
  13. 13. Nigeria is ranked 9th on the list of nations living below poverty line Table 7: Population Below Poverty Line (2012) Country Ranks (%) Country Rank % Nigeria 9 70 Senegal 12 54 Kenya 15 50 Malawi 13 53 South Africa 40 31.3 Lesotho 17 49 Cameroon 18 48 Netherlands 81 10.5 USA 70 15.1 Germany 71 15.5
  14. 14. Stakeholders Government line ministries Civil Society Organization NGOs
  15. 15. Economic empowerment Poverty reduction /Job Creation Employment growth Decent working environment Political rights and full participation of women Access to health and education Mental empowerment.
  16. 16. ORGANIZATION GIVING GRANTS TO WOMEN ENTREPRENEURS
  17. 17. GRANTS FOR WOMEN ENTREPRENEURS www.bidnetwork.org, www.grants.gov www.kiva.org, www.awid.org, www.wto.org, www.genderandtrade.org, www.womeninoil.org www.usaid.gov, www.united success.com, www.crowfunding.com, www.sharepeople.nl, www.aauw.org www.sba.gov/womeninbusiness www.eileenfisher.com/grants, www.un.org/milleniumgoals
  18. 18. WOMEN ENTREPRENEURS/ INTRAPRENEURS: SUCCESS STORIES
  19. 19. Dr (Mrs) Gloria Elemo, DG/CEO FEDERAL INSTITUTE OF INDUSTRIAL RESEARCH OSHODI Mrs Folorunsho Alakija, GMD, Rose of Sharon Group
  20. 20. Dr(Mrs) Ifueko Omoquiokaruo, DG, FIRS Mrs. Adenike Ogunlesi, CEO, Ruff n Tumble
  21. 21. MO Abudu, CEO, VLA Ltd & Protea Hotel, Oakwood Park Mosunmola Dosunmu, CEO, Health on Wheels & HealthServe Pharmacy
  22. 22. Ms Ola Orekunrin, D, Flying Doctors, Air Ambulance Serv. Otunba Bola Kuforiji-Olubi, CEO, VYB Ltd
  23. 23. Bedankt!!! Esee oo!!! Asante sana!!! Orkun!!! THANK U for Listening. THANK YOU