Women and Finances: Then Vs Now

The state of women’s finances in Nigeria has changed drastically over the years.

Back in the day, women had to rely on their husbands for financial support. They didn’t have bank accounts or credit cards; they rarely even got paid for work outside of the home. In fact, many women didn’t even know how much money they made each month. They also had no way to track how much was being spent.

But times are changing. Today, Nigerian women are more financially independent than ever before. The rise in economic opportunities for women has had a significant impact on our financial status. It has allowed us to access more resources and put them to good use by investing in businesses that help us generate wealth. As we continue down this path, we mustn’t lose sight of how far we have come as women in Nigeria.

Let’s take a look at some of the biggest factors that have improved Nigerian women’s finances:


The more educated you are, the more money you make. That’s just a fact. But we’ve seen an increase in education levels across Nigeria over the past few decades. This means that more women can get better jobs and earn more money than ever before.


Empowerment is about giving people control over their lives and environments—and that includes being able to make decisions about how they spend their own money! We’ve seen an increase in empowerment for Nigerian women over the past few decades. This has led to greater financial independence for many women who might otherwise not be able to make those decisions on their own.


Nigerian women are also now more likely to be given credit cards than ever before. This allows them to spend money on things like groceries or food for their families without having to spend all their cash upfront. This makes it easier for them to keep track of their finances (and avoid overspending).

Employment Opportunities

The number of jobs available for women has increased dramatically over the last decade or so—and this benefits everyone involved! Employers want qualified workers who will contribute to company success, regardless of gender, and employees desire a workplace where they won’t be restricted in their ability to further their professional ambitions due to their gender.


More women are starting businesses and creating jobs for themselves and others. This has resulted in more money being made from the sale of goods or services. This equates to more income for those who sell those goods or services.

Increased access to information 

As more women are connected through technology like mobile phones and internet access, there is an increase in knowledge about financial planning options like savings accounts and investment funds which allows them greater control over their futures.


Technology has made it easier for people to manage their finances efficiently. It increases the possibility for them to do things like pay bills electronically or keep track of their spending habits through apps like PiggyVest. Women have taken advantage of this technology by using it as a tool for managing their money instead of having an actual person help them out every time.


Women are more confident than ever before about their ability to handle finances alone without needing someone else’s assistance or approval from others around them (especially men). There is no longer any shame associated with asking questions about personal finance or even admitting that they are broke or have bad spending habits and they need help. 

Social Media 

Finally, we can’t forget about social media which has played an important role in educating women about money management. It also helps in providing them with advice from experts on how best to manage their finances so that they don’t end up spending more than what they earn per month!

Despite the odds, Nigerian women have since taken control of their financial situations and are currently making great strides in improving their situations. While it may seem as though there’s a long road ahead before women can provide themselves and their families with anything more than mere survival. Recent developments have shown that they’re well on their way to doing just that. By remaining determined and focused on the future, women all over the world should make possible greater successes in the field of finance.

Yours in Financial Independence, Temitope.

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