Sponsored
Fintech

Tosin Eniolorunda, ALX Host Entrepreneurship Masterclass For 100 Female Business Owners

Sponsored
Sponsored

Tosin Eniolorunda, Group CEO of Moniepoint Inc., has delivered on a commitment that demonstrates his fidelity to deepen financial literacy among women business owners in Nigeria. 

In partnership with ALX, Eniolorunda hosted a four-hour virtual Entrepreneurship Masterclass bringing together 100 female business owners for a hands-on session designed to move them from petty trading to building valuable enterprises.

The masterclass was structured around three practical modules: The Model, The Money, and The Plan with each session facilitated by a subject matter expert and anchored in live, guided exercises rather than passive instruction.

Participants also completed a one-page Lean Canvas draft, worked through a pricing and profit calculator to identify their break-even points and profitability levers, and closed the session by drafting a personal 30-60-90 day execution roadmap with weekly actions and measurable KPIs. Every participant left with a resource pack to continue applying the tools after the session.

One of the modules involved guiding participants through the fundamentals of building a scalable business model with a focus on customer definition, problem articulation, value proposition, and channels while others focused on pricing and financial fundamentals, equipping participants with the confidence to understand their numbers and make informed decisions about growth.

Iwalola Sobowale, Director of Customer Experience and Market Research at Moniepoint, addressed participants during a dedicated product session, walking them through how Moniepoint’s suite of tools which span payments, business banking, and operations management with a particular focus on Moniebook to support smarter, more efficient business growth.

This Masterclass reflects Eniolorunda’s long-standing position that the work of inclusion does not end at access. At the 2024 International Financial Inclusion Conference convened by the Central Bank of Nigeria, he argued that financial inclusion for women “must no longer be treated as a buzzword, charitable social activity or a checklist to be marked, averring that it must be rooted in economic and business activities that are well underlined by data.”

Research consistently shows that women-owned businesses demonstrate stronger repayment discipline and higher financial engagement when given access to the right tools, making investment in women entrepreneurs both a moral and economic imperative. “It is actually more profitable to serve women,” Eniolorunda has said.

Speaking on the imperative of the initiative, he noted: “We’re at a point where technology can significantly accelerate business growth, but access alone isn’t enough. What matters is giving entrepreneurs the knowledge and confidence to use these tools effectively. This masterclass is about equipping women with insights they can apply immediately to grow their businesses.”

ALX, the project partner is a pan-African technology and professional skills training platform committed to developing the next generation of African leaders through world-class, practically grounded programmes.

The initiative sits within the United Nations Sustainable Development Goal 5 on Gender Equality, specifically its targets around women’s full and effective participation in economic life and expanding access to financial services and quality education for women entrepreneurs.

It builds on Eniolorunda’s broader record in this space, including the Tosin Eniolorunda Foundation’s financial literacy programme for female STEM students at Obafemi Awolowo University which has its root in his belief that “there can be no sustainable financial inclusion without financial literacy as its cornerstone.”

Sponsored
Funsho Arogundade

Recent Posts

Lagos to London: How Air Peace Challenged My First Impressions

BY CHRISTY ANYANWU Travel often has a way of confronting our expectations. Sometimes, we set…

2 hours ago

Dangote Refinery: Domestic Crude Must Be Available And Commercially Viable

Dangote Petroleum Refinery and Petrochemicals has clarified its position following recent reports referencing data released…

2 hours ago

President Tinubu Approves Landmark Deep Offshore Investment Framework To Unlock Up To $50bn In New Investment

President Bola Ahmed Tinubu, GCFR, has approved a landmark reform that replaces project-by-project negotiations with…

6 hours ago

Ooni Celebrates Indimi’s Legacy, Unveils Plan To Establish Business School In His Honour

The Permanent Chairman of the Southern Nigerian Traditional Rulers Council (SNTRC), Arole Oodua Olofin Adimula…

8 hours ago

OYRTMA Moves To Save Lives, Replaces Stolen Manhole Covers With Concrete On Apata Road

The Oyo State Road Traffic Management Authority (OYRTMA) has commenced the replacement of stolen manhole…

8 hours ago

Tribute To Prof. Alfred Bandele Kasunmu, SAN: When A Giant Takes His Final Bow

BY 'KEMI PINHEIRO There are men whose passing is announced by the tolling of bells.…

11 hours ago
Sponsored