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CONFAB: Delegates Call For Special Banks For Women

Some delegates to the National Conference on Thursday in Abuja proposed the establishment of special banks for women in the country.

The delegates, who made the suggestion while deliberating on the report of the Committee on Economy, Trade and Investment of the conference, said the proposed bank would provide women with access to low interest loan.

According to Hajia Aishatu Isma’iI, representing Kano state, most women are engaged in various small businesses and could not compete with industrialists to seek loans from commercial banks.

“I am an advocate of women’s bank because with that, the bottlenecks will be removed especially the collaterals banks are asking us to pay. Some of us do not have these collaterals.With the establishment of women’s bank, I think a lot of progress would be made in that direction,’’she said.

In her contribution, Mrs Felicail Sani, representing National Association of Market Women also supported the establishment of special banks for women. She said that in spite of their contribution to the country’s economic development, the women had not been given the needed attention.

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