According to the National Bureau of Economic Research (NBER) economic recession is described as a significant decline in economic activity spread across the economy, lasting more than a few months, normally visible in a real gross domestic product, real income, employment, industrial production and wholesale-retail sales. One of the major causes is mass unemployment especially among girls and women.
As one of the measures to ensure girls and young women in her constituency are gainfully employed and overcome the economic recession that hit Nigeria in 2016, Girls’ Power Initiative under her Entrepreneurship and Skills Development Programme provided start-up grants for small scale businesses in the areas of fashion design and shoe-making.
Eight girls were selected in the 4th quarter of 2016 for the grants based on their outstanding performance and commitment during the six-month skills training and three-month internship programmes. Five girls received grants for shops and sewing equipment and three girls received grants to rent shops and procure equipment for shoe-making. These girls have established business relationship with various customers to make and sell their products. They have made and sold gowns, shirts, skirts, slippers, covered shoes, and hand bags and have generated revenue of more than N20,000 in the last two months with a gross margin of 30 percent. Here are some of their testimonies:
“Since I started I have made and sold 8 skirts, 3 gowns and 3 bags. I wear some of my products to advertise. My plan is to make unique dresses and expand my business. Thanks to GPI for this opportunity.” – Mary
“I feel very happy because there are people out there looking for this opportunity. I have made more than N10,000 from the sales of gowns and skirts. I plan to also train others in this line of business.” – Sarah
“I have made up to N30,000 from the sales of covered shoes, slippers and sandals in the last two months. I appreciate GPI for the support.” – Obasesam
GPI plans to reach more girls and young women in Nigeria with this opportunity with a view to empowering them socially and economically as well as attaining Planet 50:50 by 2030.Attachments: