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

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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

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Mali drone strikes kills dozens of civilians at wedding ceremony

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Mali drone strikes kills dozens of civilians at wedding ceremony

By: Zagazola Makama

A drone strike reportedly launched by the Malian Armed Forces (FAMA) has killed more than twenty civilians, including women and children, during a wedding ceremony in the locality of Beydi, between Gossi and Inabaw, in the Timbuktu region.

Sources told Zagazola Makama that that the incident occurred on Thursday when a drone targeted the site of the ceremony, turning what was supposed to be a moment of joy into a tragedy.

Residents described the aftermath as horrific, with mutilated bodies, burned children, and grieving relatives crying in distress amidst the rubble.

The drone came without warning and dropped explosives directly on the wedding gathering. We lost many people men, women, and children.

Sources confirmed that at least 20 civilians were confirmed dead, while several others sustained serious injuries and were rushed to nearby medical facilities.

The Malian authorities are yet to issue an official statement on the incident. However, independent civil society organizations have condemned the strike, describing it as one of the deadliest targeting errors since the junta took power in 2021.

The attack reignited growing concerns about the military’s increasing reliance on aerial strikes in civilian-populated areas amid its ongoing campaign against armed jihadist groups in the north.

The incident comes amid widespread criticism of the junta for alleged human rights abuses and clandestine dealings with jihadist factions linked to Jama’at Nusrat al-Islam wal-Muslimin (JNIM).

Northern Mali has remained a flashpoint of violence since 2012 when insurgent and separatist groups seized large swathes of territory. Despite successive military operations, instability persists, with both jihadist and government forces accused of atrocities against civilians.

In recent months, the junta, supported by Russian Wagner Group mercenaries, has intensified drone operations in the Timbuktu and Gao regions, leading to growing fears among locals of indiscriminate attacks.

The Beydi strike risks deepening mistrust between communities and the armed forces, potentially fuelling recruitment for extremist groups

Mali drone strikes kills dozens of civilians at wedding ceremony

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Nigeria Unveils National Waste Marketplace Programme to Drive Circular Economy and Green Innovation

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Nigeria Unveils National Waste Marketplace Programme to Drive Circular Economy and Green Innovation

By: Michael Mike

The Federal Government has officially launched the National Waste Marketplace Programme (NWMP), a groundbreaking digital platform designed to revolutionise waste management, promote recycling, and stimulate green enterprise across the country.

The unveiling ceremony, which was held in Abuja on Thursday, brought together representatives from government, the private sector, academia, civil society organisations, and international development partners, including the European Union (EU), German Development Cooperation (GIZ), United Nations Industrial Development Organization (UNIDO), and United Nations Development Programme (UNDP).

The event was marked by addresses from key figures in Nigeria’s environmental sector, including Prof. Innocent Barikor, representative of the Legal Business School Sustainability Centre, and the Honourable Minister of Environment, Balarabe Lawal, who served as the guest of honour.

Barikor described the National Waste Marketplace Programme as an innovative step by the National Environmental Standards and Regulations Enforcement Agency (NESREA) to bridge environmental sustainability with economic opportunity through digital technology.

He said: “The National Waste Marketplace Programme represents our national resolve to harness innovation and partnership for sustainable waste management and a thriving circular economy.

“It embodies the idea that waste, when properly managed, can drive growth, enterprise, and inclusion across society.”

The programme, he explained, aligns with the Renewed Hope Agenda of President Bola Tinubu, which emphasises economic diversification, innovation, and effective governance. By connecting waste generators, recyclers, aggregators, and end-users in a transparent, traceable system, the initiative aims to transform waste from an environmental burden into an economic asset.

Delivering the keynote address, Balarabe Lawal hailed the initiative as a “landmark innovation” that formalises Nigeria’s waste value chain.

“The National Waste Marketplace is an opportunity to close the gap in our waste management system by modernising operations and advancing the principles of the circular economy,” the Minister stated.

He highlighted that millions of tonnes of recyclable materials are lost annually due to poor disposal practices a challenge that the NWMP seeks to address by creating economic linkages across the recycling ecosystem.

The Minister noted that the initiative aligns with several national and international frameworks, including the National Policy on Solid Waste Management, Extended Producer Responsibility (EPR) Programme, National Circular Economy Roadmap, and global agreements such as the Basel Convention and the Paris Agreement.

“This programme will not only promote responsible production and consumption but also contribute to achieving the Sustainable Development Goals (SDGs) — particularly Goals 6, 8, 9, 12, 13, 14, and 15,” he said.

The Minister also acknowledged the Recycle Start Nigeria Limited, NESREA’s technology partner, for its role in developing the digital infrastructure behind the platform.

“The success of this programme demonstrates how regulatory reform, private sector participation, and technological innovation can converge to deliver environmental and economic benefits,” Lawal said.

He urged all stakeholders government agencies, private sector players, recyclers, investors, and civil society to take ownership of the National Waste Marketplace Programme.

He said: “By working together, we can build a more organised waste management system that promotes accountability, creates jobs, and safeguards our environment.”

Through the NWMP, waste will no longer be seen as refuse but as a resource for value creation. The platform enables efficient trading of recyclable materials while ensuring traceability and accountability across the waste management chain.

Barikor emphasised that the system will empower youth and small businesses, stimulate investment, and expand livelihood opportunities in local communities.

“This initiative gives practical expression to our collective aspiration for a cleaner, more prosperous Nigeria where waste management becomes a driver of innovation and employment,” he said.

Both speakers expressed gratitude to Nigeria’s development partners including GIZ, UNDP, UNIDO, and the European Union for their continued collaboration and technical support in promoting circular economy initiatives.

The launch of the National Waste Marketplace Programme marks a defining step in Nigeria’s transition toward a circular economy, one that prioritises innovation, sustainability, and inclusive growth turning the nation’s waste challenge into a powerful engine for green development.

Nigeria Unveils National Waste Marketplace Programme to Drive Circular Economy and Green Innovation

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VP SHETTIMA TO ACF: Stand In Solidarity With President Tinubu’s Renewed Hope Agenda

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VP SHETTIMA TO ACF: Stand In Solidarity With President Tinubu’s Renewed Hope Agenda

*Says all groups, communities, faiths, have a say in national conversation under Tinubu’s watch

*Urges resistance against mischief makers to divide Nigeria

By: Our Reporter

The Vice President, Senator Kashim Shettima, has charged the Arewa Consultative Forum (ACF) to stand in solidarity with the Renewed Hope Agenda of President Bola Ahmed Tinubu.

According to him, “there is no better time than now for the leaders of the North to stand together as one” in support of efforts by the Tinubu administration to wriggle the nation out of the economic and social morass it was hitherto enmeshed in.

The Vice President made the call on Wednesday during an audience with a delegation from the Arewa Consultative Forum (ACF) led by its Chairman of the Board of Trustees, Alhaji Bashir Dalhatu, at the Presidential Villa, Abuja.

Senator Shettima told members of the region’s apex socio-cultural organisation to resist the antics of a few mischief makers to fragment the unity of Nigeria.

He drew the distinction between greed and grievance as propounded by those he described as “architects of modern conflict,” observing that, “while some agitations arise from genuine grievances seeking justice and fairness, others are fuelled by greed—by the quest to exploit disorder for selfish gain.”

He said the task before the Tinubu administration is to spot the difference between genuine grievance and greed, with a view to embracing “legitimate calls for equity and inclusion, and to isolate the forces that seek to profit from chaos.”

“We have proven, time and again, that our diversity is our strength, that our differences in tribe, faith, and geography are the very bricks that make this house of destiny we live in. This is why we must continue to resist all attempts to divide us or stir mischief among us. Our future depends on unity, and unity must remain our creed,” he stated.

Dispelling claims of ethnic and religious slant by peddlers of marginalisation, VP Shettima stated categorically that every group, faith, and tribe has a voice in national issues under the Tinubu administration, and that no group will marginalized.

His words: “What we do as a government is to ensure that every group, every community, every faith, and every voice finds its place in the national conversation. We will never accommodate the marginalisation of any group. Our policies are designed to create opportunities for all—to lift every community through inclusion, education, and enterprise.”

The Vice President assured the northern leaders that they are an integral part of the Tinubu-led federal government, and that the administration is ready to partner with the ACF in advancing the cause of the region and the nation as a whole.

He said, “The trajectory of the North, however, has been a sobering one. We began as a region defined by stability, vision, and a deep commitment to building bridges across ethnic, religious, and geographic divides. But what we have inherited today is a geography scarred by insecurity, mistrust, and economic decline.

“We cannot afford to allow this chaos to fester. We owe our people not only the burden of ending the cycle of killings and destruction that have crippled our communities, but also the duty of ensuring justice for victims of violence and deprivation.

“This government is yours. Your interests shall always find representation here, for I am one of you. And where there is a shortcoming, I assure you that you have direct access to me. We exist to serve you, to represent you, and to uphold the values that make the North an equal stakeholder in Nigeria’s identity.”

Senator Shettima outlined what he described as deliberate steps being taken by the administration to reposition the fortunes of the North, saying the Renewed Hope Agenda of President Tinubu “prioritises education, agriculture, industrialisation, and security as the pillars of northern revival.”

He continued: “We are strengthening the foundations of education through reforms that empower local governments and promote fiscal autonomy at the grassroots. Through the Nigeria Education Loan Fund (NELFUND), millions of northern students now have access to tertiary education without the financial barriers that once held them back.

“We are expanding vocational and technical training centres to prepare our youth for roles in agriculture, manufacturing, and technology.”

The VP explained that under the current administration, Nigeria has moved beyond subsistence farming to large-scale commercial ventures that is transforming the vast arable land in the North into the nation’s food and industrial backbone.

“We are building agro-processing industries to create jobs and value chains, investing in microfinance systems to support smallholder farmers and MSMEs, and establishing industrial zones in key states such as Kano, Kaduna, and Sokoto to attract textile, leather, and food-processing industries,” he added.

On security, VP Shettima said national security remains the administration’s topmost priority. “Through coordinated security operations, we have neutralised notorious bandit leaders and restored relative stability to once-besieged communities. This is the foundation upon which we intend to rebuild the North—through peace, through justice, and through economic empowerment,” he noted.

Earlier, Chairman of the BoT of ACF, Alhaji Dalhatu, commended the Tinubu administration for its bold reforms, applauding the commitment and support of the Vice President for the achievements recorded so far.

The BoT Chair said, “We are proud of what you are doing as Vice President as well as the work and achievements of this administration. You are doing a good job of assisting the President in running the affairs of the country in difficult times. We are always happy to identify with you”.

He explained that the group was at the Presidential Villa to express solidarity with the government, and formally invite the Vice President to the forthcoming 25th anniversary celebration of the ACF as well as deliberations on the development of the region.

Alhaji Dalhatu said among other things, the ACF intends to launch an endowment fund to drive the socio-economic development of the northern region, especially in building models across different sectors that would be emulated by state governments in the region.

He added that the 25th anniversary celebration would also provide a platform for ACF to interact with other socio-cultural organisations across the country for the future and development of Nigeria.

For his part, Chairman of the National Executive Committee of ACF, Mamman Mike Osuman, said the socio-cultural organisation will use the 25th anniversary to showcase the potentials of the northern region and make a bold statement about its commitment to a one, prosperous, united country.

He pledged the ACF’s support for the actualization of the Renewed Hope Agenda and the realisation of targets of the Tinubu administration.

Also present at the meeting were the ACF Vice Chairman, Sen Ibrahim Ida; Secretary General, Murtala Aliyu, and BoT Vice Chairman, Amb Ibrahim Mai-Sule.

Others include, Alh Nasiru Danu; Ibrahim Sidi Bamalli; former IGP, M.D. Abubakar (rtd); Amb. Baba Ahmed Jidda; Mahmud Yayale Ahmed; Lt. Gen. Abdurahman Bello Danbazau (rtd); Nasiru Sani Isa (Wamban Kebbi); Hon. Beni Lar; Maimuna Yaya Abubakar; Aishatu M.S. Ismail; H.E. Muktar Lamara Yero; DIG Habila Joshak (rtd), and Mrs Christine Gadzama.

VP SHETTIMA TO ACF: Stand In Solidarity With President Tinubu’s Renewed Hope Agenda

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