Why We Did It? 

– 3.8% of Nigerian women have never had a job. 

– 11.6% of Nigerian women are homemakers/ stay at home mums. 

– Only 13.2% of working age women are active in the workforce. 

– In 2018, only 50% of women participated in the labor force – a mere 3% increase since 1990. 

– Nearly 40% of women in Ghana have an account at a bank or financial institution compared to only around 20% in Nigeria. 

– Women are just as likely as their male counterparts to be engaged in opportunity-driven entrepreneurship (73.8% for both male and female) and labor force (50.5% vs 59.8%). 

– Women have a strong perception of capabilities to start or run a business (87% vs 51% for global average and 71% for regional average). 

– The percentage of adult women who saved at financial institutions declined by 8.6% to 12.3% in 2021 from 20.9% in 2011.  

What is covered in the handbook? 

The knowledge of the concept of money making and the mastery of money management is important for every woman who seeks to reposition and redefine their financial stance. The content of this handbook has been curated and created for the modern woman who is looking to create, build, manage, and sustain wealth, either by herself or with those that matter to her. It is for the woman who is ready to do her part to climb the financial ladder, to get ahead.  

This book has two sections, and each section comprises subtopics that speak to common issues affecting all classes of women. We have shared examples and quotes, and drawn insights from the experiences and financial strategies of three exemplary Nigerian women who seem to have achieved financial well-being. Each subtopic can be read and considered as an individual topic for personal study and reference. 

In Section A, we introduce our collaborators and define who a financial well-being woman is by profiling Nneka Jethro-Iruobe, Chinwendu Mercy Ebuta and Osiyemi Oluwafimisade, who are in all standards, financial well-being women.  

In Section B, we share strategies to tackle common financial errors and to shift mindsets. We share how our collaborators have achieved financial well-being despite economic, societal, and environmental challenges. For simplicity, we have broken this section into subsections with affiliations to 9-5vers, CEOs and entrepreneurs. So that every woman – the career woman, the boss chicks, the home builders, the business owners, etc. – can identify with these strategies, one way or the other, and find it relatable. 

Take away fear and disbelieve because you too can achieve financial well-being. We encourage you to study this handbook with the commitment and the determination to practice your knowledge, as you progress towards transforming your financial life and achieving financial well-being.  

Ready to do your part? Let’s get into these strategies, shall we?