AfDB Seeks $42 billion to Bridge Financing Gap Hindering African Women Enterprises

By: Michael Mike

The African Development Bank (ADB) has said it is presently seeking $42 billion to bridge the current financing gap hindering women-owned and women-led enterprises across the Africa continent.

The Director General, Nigerian Country Department of the bank, Dr Abdul Kamara made the disclosure on Tuesday in Abuja
at the High-Level Dialogue on Investment in Gender Equality and Ending Violence Against Women for Rights and Development organised by United Nations Women in partnership with ADB.

The event is part of the global “16 Days of Activism against Gender-Based Violence” campaign, which runs from November 25 (International Day for the Elimination of Violence against Women) to December 10th (Human Rights Day).

It brought together key stakeholders to address the pressing issue of gender-based violence in Nigeria, where women and girls continue to face various forms of discrimination and violence.

Kamara said the bank has a very clear stance on Gender Based Violence (GBV), stating that in 2024, ADB celebrated 25 years of gender mainstreaming in all its operations geared towards evidence based reduction in gender gaps and more importantly, in accelerating gender equality.

He said: “One area where the bank has made very visible impact in the economic empowerment in the last seven years is increasing access to finance through a special initiative called AFAWA which is an acronym for Affirmative Finance Action for Women in Africa.

“In the context of this Pan African Initiative, the African Development Bank seeks to bridge the financing gap of $42 billion currently hindering women-owned and women-led enterprises across the continent and I am glad to report that we disbursed over a billion dollars of this across Africa, seeking to increase access to finance for women.

“This is just one among many initiatives of the bank that are responding directly to the problem gender equality. In Nigeria, all our programmes and projects are gender mapped and have gender experts working with the government to design actions that will bridge gender gaps, looking to access to financing for women, access to market, access skills but most importantly access to jobs and incomes.

“Just last month, we approve here in the bank, $100 million in the programme called Youth Entrepreneurship Investment Bank for Nigeria. This is a non deposit bank, it is an access to finance. This operation will improve gender responsive, youth entrepreneurship and enterprise development by boosting financial services to foster a thriving entrepreneurial ecosystem and affirmative action for jobs focusing on women,” he said.

In his remarks, Minister of Budget and National Planning, Sen. Atiku Bagudu said GBV was a growing concern that required immediate attention and collective action, noting that despite progress made toward dealing with violence, women and girls continue to face violence, discrimination and marginalisation.

Bagudu, who was represented by Permanent Secretary in the ministry, Dr Vitalis Obi, said empowering women was crucial to breaking this cycle of violence and that can be done by creating and promoting gender responsive policies as well as practices.

He said: “We must take decisive action to prevent and protect our women from all forms of violence and to create a society where everyone feels safe irrespective of their gender. One of the ways by which we can bridge this persistent gap is by institutionalising gender responsive budgeting in all sectors of the economy.

“Gender responsive budgeting is the strategic approach that integrates gender perspectives into the entire budget cycle. Allocate adequate resources to the programmes that will address GBV, women empowerment and education,” he said.

On her part, the Chairperson, Nigerian Governors’ Spouses Forum, Prof. Olufolake Abdul-Razaq, said they remained steadfast in advocating gender responsive budgeting across the 36 states and FCT, spending institutional framework that integrate gender perspectives and championing initiatives to protect women rights.

The Kwara State First Lady said the forum was firmly committed to ensuring that all gender laws become a cornerstone of governance at the sub-national levels, adding that the well-being of women and girls remained a pivotal indicator of how well any nation was faring in driving her developmental plan.

“It is time to address the structural barriers that perpetrate inequality for women and girls to reach their full potentials. This is my believe and it is not only an act of justice but a strategic investment in resilience and productivity of our nation as this no doubt stands as a veritable gift to commemorate the 2024 16 days of activism against GBV.

“The Nigerian Governors Spouses Forum really made an effort in the last couple of years…We are also working to get women into leadership because we believe that when women are in leadership position they will help us to sustain this drive of bringing developments to women,” she added.

In her opening remarks, the UN Women Country Representative to Nigeria and ECOWAS, Beatrice Eyong, said GBV was not just a human rights issue but also an economic issue a statistics showed that the menace was costing the Nigerian government 1.5% of its Gross Domestic Product.

“We are talking in terms of billions of dollars that the country is losing every year because of Gender Based Violence. So Gender Based Violence is linked to the achievement of Sustainable Development Goals. So if we do nothing, we will not get out of poverty and we will not get sustainable development.

“The World Economic Forum estimated in its global gender gaps report of 2022 that it will take about 132 years for the world to achieve gender equality. What does this mean for Nigeria? At this space, some of us, including our daughters might not experience gender equality in their time.

“This is therefore a call to collective actions by all international organisations, government agencies, community stakeholders and even the private sector to address the under-representation of women and barriers to gender equality,” she noted.

The UN Resident Coordinator in Nigeria Mohammed Fall, on his part said: “Gender inequality and violence against women remain among the greatest challenges to sustainable development, not just in Nigeria but globally. These issues incur heavy costs—socially, economically, and individually—limiting our collective potential for progress.”

He added that: “Violence and harmful practices against women and girls happen every day in Nigeria, and most of the time they are not reported. The Nigerian Demographic and Health Survey in 2018 found that 9 percent of women aged 15 to 49 had suffered sexual assault at least once in their lifetime and 31% had experienced physical violence. Restrictions and implications from the COVID-19 pandemic exacerbated the gender-based violence (GBV) in the nation.”

He said: “The United Nations remains steadfast in its support for Nigeria’s journey towards creating an inclusive society where every woman and girl can thrive. We are committed to coordinating partnerships, providing technical expertise, and facilitating dialogues to ensure measurable impacts in Nigeria.”

AfDB Seeks $42 billion to Bridge Financing Gap Hindering African Women Enterprises

NSCDC PARTNERS ICPC INAUGURATES ANTI-CORRUPTION AND TRANSPARENCY UNIT REITERATES COMMITMENT TO INSTITUTIONAL INTEGRITY TO ENHANCE NATIONAL DEVELOPMENT

By: Michael Mike

The Nigeria Security and Civil Defence Corps (NSCDC) Commandant General; Dr. Ahmed Audi has assured of his continued commitment to justify the existence of the Corps by bringing credibility and integrity into place in order to foster national development.

Audi gave the assurance while inaugurating and inducting officers of the Anti-Corruption and Transparency Unit (ACTU); he equally launched the Whistleblowing policy and procedure and unveiled the ACTU logo.

The CG who also delivered a keynote address during a 2-day Training Programme tagged: Whistleblowing Policy and Procedure, Unveiling of the NSCDC ACTU Logo, and Inauguration of ACTU members in Abuja, said this pragmatic move will advanced transformative system that would encourage reporting of unethical practices that contravene the Corps’ Standard Operating Procedures but rather enhance accountability, protect whistleblowers, ensure prompt and fair investigation of reported cases amongst others.

Audi was represented by Deputy Commandant General in charge of Critical National Assets and Infrastructure (CNAI); DCG Mohammed Lawal Haruna, fdc, who lauded President Bola Ahmed Tinubu GCFR for providing equitable avenue and resources for the Corps’ to thrive in the face of challenges.

He further hinted that since the appointment of the current Minister of Interior, Hon (Dr) Olubunmi Tunji-Ojo; the NSCDC has experienced positive transformation and change of narratives.

In his remarks, the Chairman, Independent Corrupt Practices and other Related Offences Commission (ICPC), Dr Musa Adamu Aliyu, SAN commended the NSCDC for such an apt and timely programme noting that ACTU serves a critical mechanism for ensuring compliance with Anti-Corruption standards and values of Integrity.

The ICPC Chairman who was represented by Mr Olusegun Adigun, fsi, further charged the new inductees to approach their responsibilities with night level of professionalism, impartiality and deep sense of duty even as he assured of them of the commission’s technical and operational support.

Earlier in an address of welcome, the NSCDC ACTU Chairperson, Acting Commandant Audrey Obe, explained that the unit is charged with the formidable task of promoting ethical practices, uncovering corrupt activities and reinforcing acceptability mechanisms within the Corps.

“To tackle corruption effectively in any system; there is need to implement robust measures that promotes training, education and institutionalization of checks and balances”.

In the highpoint of the event, there were inauguration of 10 NSCDC ACTU member with administration of Oath of Allegiance by Mrs Nkem Ezenwa of the ICPC, also goodwill messages were delivered by guests from different agencies and formal presentation of Operational Manual by the Chairman of ICPC to the CG was also made.

NSCDC PARTNERS ICPC INAUGURATES ANTI-CORRUPTION AND TRANSPARENCY UNIT REITERATES COMMITMENT TO INSTITUTIONAL INTEGRITY TO ENHANCE NATIONAL DEVELOPMENT

6th Asian Film Festival Begins im Abuja

By: Michael Mike

This year’s Asian Film Festival has debuted in Abuja to celebrate the unity of some Asian country and friendship with the host nation, Nigeria.

The festival has on showcase films from Nigeria and the Asian countries of South Korea, China, India, Malaysia, Iran, Singapore and Philippine.

The Federal Government lauded the Sixth Asian Film Festival, noting that it is a platform to strengthen cultural diplomacy and foster artistic collaboration, particularly between Nigeria and the participating Asian countries.

The festival, which kicked off at the China Cultural Center, highlights the power of cinema in promoting mutual understanding and economic opportunities.

Speaking at the opening ceremony, Permanent Secretary of the Federal Ministry of Arts, Culture, Tourism, and the Creative Economy, Mr. Raphael Oraeluno,, emphasized the role of international cooperation in the creative industries.

He said: “International cooperation enhances the sharing of knowledge, resources, and innovative ideas,” adding that: “Cultural exchange in the film industry not only deepens ties but also creates avenues for economic growth. Promoting our cultural industries leads to job creation, supports local economies, and enhances cultural heritage tourism.”

Oraeluno also called for policies to bolster cultural exchanges and partnerships, with the Asian countries.

He noted that platforms like the festival provide emerging artists and filmmakers with opportunities to share their narratives, which have the potential to change perceptions and foster global empathy.

He added that: “Each film presented at this festival is not merely a work of art; it is a dialogue of perspectives that prompts reflection, empathy, and cross-cultural understanding.”

He noted that the festival underscores the broader role of cinema as a medium that transcends geographical boundaries, showcasing shared human experiences while celebrating unique identities.

Director of the China Cultural Center in Nigeria, Yang Jianxing highlighted the significance of the event in strengthening ties between Asia and Nigeria.

“This is the third time the China Cultural Centre is hosting the opening ceremony of the Asian Film Festival,” Jianxing said.

He noted that: “The festival brings happiness and allows us to share stories that reflect the unique traditions, values, and creativity of Asia. It builds a bridge between Asia and Nigeria, helping us understand each other better.”

The centerpiece of the festival, the screening of the Chinese film Monster Hunt, exemplifies the fusion of fantasy, humor, and cultural themes. The movie, which tells the story of a hero and heroine rescuing the son of a former monster king, showcases Chinese Kung Fu and explores profound questions about human nature.

“I hope everyone can enjoy the movie and other great films from Asian countries and Nigeria,” Jianxing added.

“This festival celebrates teamwork, shared spirit, and the value of learning from each other to build a community with a shared future.”

On his part, the Director of Korea Cultural Centre in Nigeria (KCCN), Mr Kim Changki said the platform would offer his country, South Korea, an opportunity to showcase its culture and promote its rich cultural values to Nigeria.

He said Korea is ever ready to partner with Nigeria in the area of culture and tourism, noting that understanding culture of others present an opportunity for bonding and friendship.

6th Asian Film Festival Begins im Abuja