Abstract

<p>Nigeria, the most densely populated country in Sub-Saharan Africa, is home to a population of approximately 162.8 million people, with women comprising about 49% of the population, equating to roughly 80.2 million individuals. This significant demographic highlights the crucial role women play in the nation's social, economic, and political landscape. Despite traditional societal expectations that often confine women to the roles of wife and mother, Nigerian women continue to make remarkable progress in various sectors. This is evident in the increasing political representation of women, including high-profile appointments such as the Minister of Labor and Productivity, Minister of Tourism, and the first female Minister of Police. In the private sector, women have also made notable strides, with influential figures such as Mrs. Titilope Oguntuga, Mrs. Osai Aliru, and others leading successful careers in major corporations and organizations. Additionally, a recent report by PWC Nigeria reveals that 41% of micro-entrepreneurs in the country are women, with an impressive 23 million women actively engaged in entrepreneurship. Despite these achievements, women-owned businesses face numerous challenges that threaten their sustainability and growth, such as limited access to funding, gender-based biases, and market competition. This paper examines the socio-economic importance of women in Nigeria, highlighting their entrepreneurial activities, achievements, and the barriers they face in the business world. By addressing these issues, the study aims to underscore the need for policy reforms and support mechanisms to foster the growth of women-led businesses, ultimately contributing to the economic development of the country.</p>