In a bid to uplift underrepresented women in Nigeria’s fisheries sector, the Enatta Foundation has launched a robust financial literacy and empowerment initiative targeting Lagos-based fisherwomen.
The programme, which involves training, equipment support and access to cooperative loans, has begun to reshape the economic landscape for dozens of women in riverine communities.
Speaking at the event, Adijat Enitan Okuyelu, the CEO of Enatta Foundation, said the initiative was inspired by the plight of fisherwomen often left behind in economic conversations.
“Most people think of men when we mention fisherfolk. But we found that many women physically get on boats daily. They face economic, environmental, and educational barriers. That’s why we stepped in to support,” Okuyelu explained.

Mrs Adijat Enitan Okuyelu, the CEO of Enatta Foundation.
She added that the Foundation began two years ago by donating fishing boats, which helped the women improve their catch and income. However, the rising demand for financial assistance led to the introduction of this new financial literacy programme.
“We noticed that once the women increased their catch, they needed more capital to grow. But access to finance was a problem—this financial training is our way of removing those barriers,” Okuyelu noted.
Collaboration with Ministry of Agriculture
The programme is being implemented in collaboration with the Ministry of Agriculture and Food System. Representing the ministry, Deputy Director of Fisheries, Bukola Idowu, emphasized the importance of cooperative participation.
“As an individual, you cannot access government support. You must belong to a cooperative,” she said. “When they come together, they can buy in bulk, access loans, and improve their livelihoods.”

The Beneficiaries of Enatta Foundation.
She explained that the ministry routinely provides empowerment tools such as smoking kilns, generators and deep freezers to women in registered cooperatives.
Sterling Bank Lends Support
Also present was Vera Ihenacho, Head of Agribusiness Development and Strategy at Sterling Bank, who shared the bank’s interest in supporting women in the agricultural value chain.
“I manage a $3 million portfolio for women in agribusiness. Finance should be smart, innovative, and accessible. Our bank has disbursed over ₦500 billion to agriculture and continues to support women like these,” she stated.

Vera Ihenacho, Sterling Bank, Head of Agribusiness.
Ihenacho praised the Enatta Foundation’s efforts in aggregating women from different fishing communities and connecting them to finance and markets.
Impact at the Grassroots
Beneficiaries like Alaba Owolaju, from Oworo Community and Esther Ukale, a resident of Isale Akoka Community testified to the life-changing impact of the initiative.
“They gave us boats and tools. Before, it took us two hours to get to the river. Now we do it in one hour safely,” said Owolaju. “We now have security, better equipment, and dignity in our work.”

Alaba Owolaju
Ukale echoed the sentiment:
“We are 30 women in Isale Akoka and each of us has our own boat. We now do periwinkle and crayfish business with ease. We bless Enatta for all she has done.”

Esther Ukale
When asked how they would use the cooperative funds, the women said the money would be reinvested into their fish businesses not for frivolities.
“We’ll use the money to grow our markets not for chewing gum or biscuits,” said Owolaju, drawing laughter from the audience.
Policy Recommendations
Okuyelu urged policymakers to simplify existing cooperative laws and policies to better accommodate women with little formal education.
“Many policies look good on paper but are too complex for the women to understand or benefit from. Grassroots organisations like ours help break down these policies so they can truly participate,” she said.
With government, private sector, and non-profit collaboration, the Enatta Foundation’s initiative is empowering fisherwomen not just with equipment, but with knowledge, community, and access to finance setting a replicable model for women’s empowerment in Nigeria’s agricultural value chain.