Mar 8 • 00:15 UTC 🇳🇬 Nigeria Punch

Women lack access, not potential — Mayden MFB founder, Alakija

Foluke Alakija, founder of Mayden Bank, discusses her career journey and the importance of addressing women's access to banking services.

Foluke Alakija, the founder of Mayden Bank, reflects on her extensive career in banking that began in 1985, mentored by significant figures in the industry. She emphasizes the importance of women's potential in the banking sector and highlights the challenges they face in accessing financial services. Alakija's motivation to establish a women-focused microfinance bank stems from her experiences and a desire to enhance opportunities for women within the financial landscape, advocating for better access to banking facilities.

Alakija's career trajectory includes significant roles at First City Monument Bank and Citibank Nigeria, where she honed her skills in corporate banking and developed expertise in managing relationships with oil sector clients. Through her time in the industry, she observed systemic barriers that limit women's access to banking and finance, which influenced her decision to start Mayden Bank. This initiative aims to empower women by providing tailored financial services that promote economic independence and business development.

The discussion also underscores the broader implications of financial inclusion, particularly how women's access to banking is crucial for economic development. Alakija advocates for more support and recognition of women's contributions to the economy, arguing that addressing barriers to access is essential for fostering innovation and resilience within the business community. Her leadership at Mayden Bank signifies a step towards transforming the banking landscape for women in Nigeria, ensuring they receive the support they need to thrive.

📡 Similar Coverage