Alaba Lawson Charges Rotary To Continue To Inspire Women For Economic Growth

Former President, the Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA), Alaba Lawson, has Rotary International and indeed organisations around the country to consistently inspire and promote women for economic and national growth.

Gatekeepers News reports that Lawson gave the charge while presenting the keynote address at the first Rotary District 9110 Women in Rotary Conference held at the Nigeria Law School Auditorium, Victoria Island, Lagos State, Southwest Nigeria.

Lawson, while speaking on the topic “The Transformational Woman: Diversity, Equity & Inclusion For Socio-Economic Change,” stated that Rotary as an organization has made giant strides in the area of women empowerment and advised that the body should do more as it will ultimately lead to the nation’s growth.

She stressed that women are the key to Nigeria’s economic and political advancement, and the more women are involved at the top echelon and decision-making process, the better.

Lawson said, “When more women work, economies grow. Women’s economic empowerment boosts productivity, increases economic diversification and income equality in addition to other positive development outcomes”.

Describing women as the future, she stated that studies have shown that companies with more women on their boards outperform those without them by a significant margin, and organisations with greater gender diversity globally grew to 32% in 2022.

According to her, women often excel at soft skills required for business leadership and they represent a significant economic force and provide valuable consumer insight that any nation needs to thrive.

She further highlighted the fact that Nigeria needs traits such as the ability to connect, collaborate, empathize, communicate, and be prudent which are inherent in women to make progress in key sectors including economy, politics, and more.

Lawson, however, lamented that despite the fact that women are in the majority in terms of population, the opportunities for them to show their skills and contribute meaningfully have been hampered by systemic bottlenecks.

She, therefore advised that to fuel its fire of progress and revolutionize its economic, political, and social structure, women must be given adequate representation in government and key sectors of the economy.

Also speaking, Tax expert and management consultant, Gbenga Badejo who spoke on “10 Top Financial Challenges for Micro, Small and Medium Enterprises” noted that if women can overcome these challenges, they would be able to build formidable businesses and play in the big league.

Badejo gave the challenges as, limited or inconsistent cashflow, not using budgetary control mechanism, no preparation for unforeseen expenses, not raising enough capital, too much debt, neglecting necessary financial reporting and book keeping, , poor regulatory compliance, mixing business and personal finances, poor marketing tactics and poor managing of receivables and payables.

Earlier in her welcome address, Rotarian Omotunde Lawson, District Governor, Rotary International District 9110 noted that the conference, the first in the 41 years history of the District, which covers Rotary Clubs in Lagos and Ogun States, was aimed at equipping women with the right support for personal and financial growth.