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Financial inclusion remains a pressing challenge in Nigeria, especially for women. Only 47% of women accessed formal financial services in 2023, compared to 58% of men (EFinA, 2024). Cultural norms, lower literacy levels, and limited access to information widen the gender gap. NGX Regulation Limited (NGX RegCo) underscores digital and financial literacy as key to empowering women economically, particularly through investments.
As a regulatory arm of the Nigerian Exchange Group, NGX RegCo fosters market growth by ensuring fair trade, investor protection, and well-regulated markets. Through its EquipHER initiative—shaped by market research and stakeholder collaboration—NGX RegCo boosted the number of active women investors by 11.5%.
During Women’s World Banking’s 2023 Leadership & Diversity Program for Regulators, NGX RegCo committed to creating a policy encouraging women to invest confidently in Nigeria’s capital market. This case study explores EquipHER’s transformative impact, the challenges faced, and the pathway to greater women’s economic participation.
