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Women Empowerment In Nigeria

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Micro enterprise is a low level or small business unit run on the basis of single or group ownership. Micro entrepreneurship promotes entrepreneurial potential among women. It reduces economic dependency and encourages all round development of a community. Empowerment means the process of change by which a person or a group acquire power or capability over their existence such as prosperity availability of resources, increased self-confidence and decision making power. Women empowerment refers to the complete liberation of women from socio economic dependency and impoverishment. Women empowerment leads to economic growth, poverty reduction, increased well-being, etc. Self Help Group (SHGs) based microfinance programme is a practical development strategy that has been established for sustainable development and inclusive growth. It is the provision of thrift, credit and other small financial product and services to the poor. It helps to improve the income and standard of living of the poor. Availability of credit can be seen as the motivational factor behind the formation of SHGs. Micro financial assistance through SHGs aims at providing cost effective financial services to the marginalized poor women. Literally the word microfinance means small but functionally it …show more content…

In the case of a developing economy the increasing populations are not completely affordable in the current economic system. In this context micro enterprises have been considered as an effective instrument for advancement and empowerment of women both economically and socially. Millennium Development Goals (MDGs) which have ended in 2015 specify the importance of women empowerment. Sustainable Development Goals which have to be achieved in 2030 also gives importance to women empowerment. In this context micro entrepreneurship program is

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