Tosin Eniolorunda, ALX Train 100 Female Entrepreneurs in Financial Literacy Masterclass

Tosin Eniolorunda, ALX Train 100 Female Entrepreneurs in Financial Literacy Masterclass

Tosin Eniolorunda, Group CEO of Moniepoint Inc., in partnership with ALX, has hosted a four-hour virtual entrepreneurship masterclass for 100 female business owners, equipping them with practical financial literacy tools to scale their enterprises.

In a move aimed at strengthening women-led businesses in Nigeria, Eniolorunda fulfilled his commitment to deepen financial literacy among female entrepreneurs through a hands-on training session designed to transition participants from small-scale trading to building sustainable and scalable ventures.

The masterclass featured three core modules—The Model, The Money, and The Plan—each facilitated by subject matter experts and structured around practical, real-time exercises. Participants developed a one-page Lean Canvas, used pricing and profit calculators to determine break-even points, and created structured 30-60-90 day execution roadmaps with defined weekly actions and measurable performance indicators.

The session on business modelling focused on helping participants clearly define their target customers, articulate the problems they solve, refine their value propositions, and identify effective distribution channels. Another segment emphasised pricing strategies and financial fundamentals, aimed at improving participants’ confidence in managing numbers and making growth-oriented decisions.

During a dedicated product session, Iwalola Sobowale, Director of Customer Experience and Market Research at Moniepoint, introduced participants to the company’s suite of tools, including payment systems, business banking solutions, and operational support platforms such as Moniebook, designed to drive efficiency and smarter business management.

The initiative aligns with Eniolorunda’s long-standing advocacy that financial inclusion must extend beyond access to financial services. Speaking previously at the International Financial Inclusion Conference 2024 organised by the Central Bank of Nigeria, he stressed that financial inclusion for women should be anchored in data-driven economic participation rather than treated as a token initiative.

“Technology can significantly accelerate business growth, but access alone is not enough,” Eniolorunda said. “Entrepreneurs must have the knowledge and confidence to use these tools effectively. This masterclass is about providing insights that can be applied immediately.”

Research continues to show that women-owned businesses exhibit stronger repayment discipline and higher levels of financial engagement when given access to the right tools, reinforcing the economic case for targeted investment in female entrepreneurship.

The programme also supports United Nations Sustainable Development Goal 5 on Gender Equality, particularly in advancing women’s participation in economic activities and expanding access to financial services and quality education.

Beyond this initiative, Eniolorunda’s broader efforts include financial literacy programmes for female STEM students at Obafemi Awolowo University through his foundation, underscoring his belief that sustainable financial inclusion is rooted in knowledge and capacity building.