Embrace E-Commerce, B.O.I Urges Entrepreneurs

South West Regional Head of Bank of Industry (BoI), Mr Ahmed Kagara, has urged women entrepreneurs to embrace the activity of buying or selling of products and services online or over the internet (E-commerce).

Kagara said this during an interview with the News Agency of Nigeria (NAN) in Ibadan, on the sideline of the three-day 1st South West Regional E-Commerce Summit and Expo.

He said women entrepreneurs should make use of e-commerce facilities to be in line with best global practices to grow their businesses.

He revealed that e-commerce is vigorous for the development of the various sectors of the Nigerian economy, including the banking sector.

Kagara said implementing e-commerce will expand businesses and also make the marketing process easy.

Speaking on embracing e-commerce, he disclosed that BoI had many loan facilities available for women to access, adding that such loans will give them the opportunity to grow and expand their businesses both online and outside internet.

“The emergence of e-commerce in the banking industry cannot be over-emphasised. It has facilitated the growth of the industry globally.

“In the South West, over 50 per cent of women engage in entrepreneurship through which they have been able to support their families.

“However, they need to develop with the growth of technology that will expand their businesses. This is where e-commerce is of immense benefit to them.

“I want every woman in businesses, whether SMEs or capital intensive business, to avail herself of the opportunities of accessing our loans,” he said.