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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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FG Targets Millions Of Youths For Skill Acquisition, Rallies Global Partners

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FG Targets Millions Of Youths For Skill Acquisition, Rallies Global Partners

As VP Shettima calls for coordinated results to drive economic growth

By: Our Reporter

The administration of President Bola Ahmed Tinubu, Tuesday, rallied global development partners, industry leaders, and policymakers to deepen investment in the Federal Government’s ongoing skills acquisition drive targeting millions of Nigerian youths.

This is just as Vice President Kashim Shettima called for clarity, collaboration, and coordinated results from relevant stakeholders, emphasising the need for investments in a more coherent national system, where skills lead to jobs that are enterprising enough to drive economic growth.

The Vice President stated this in Abuja when he declared open the National Skills and Industry Alignment Roundtable Series (Q1 2026) with the theme, “Bridging Skills Supply and Labour Market Demand.”

The event was convened by the Office of the Vice President, with support from the European Union (EU).

Represented by the Deputy Chief of Staff to the President (Office of the Vice President), Senator Ibrahim Hassan Hadejia, the Vice President commended the European Union for its continued partnership and support for Nigeria’s job creation and youth development agenda.

He noted that the collaboration had been instrumental in strengthening coordination and advancing collective efforts to create opportunities for young Nigerians.

Senator Shettima stressed that Nigeria stands at a decisive moment in its history, noting that the country is home to one of the largest youth populations in the world, with millions entering the labour market each year—full of ambition, energy, and potential.

He, however, observed that the vast majority of available jobs are informal, unstable, and not fully connected to productivity and growth, requiring sustained and targeted interventions to ensure graduates are job-ready and equipped with relevant skills.

“This tells us one thing very clearly—the challenge is not simply job creation; it is alignment. Nigeria does not have a talent problem. Until skills meet industry demand, job creation will remain below its full potential,” he said.

Spotlighting the government’s position, the Vice President affirmed that the Tinubu administration is determined to address this challenge.

He continued: “We are moving away from fragmented programmes, isolated interventions, and uncoordinated investments toward a more coherent national system—one where skills lead to jobs, jobs lead to enterprise, and enterprise drives economic growth.

“Last year, under the leadership of the Vice President and with the support of the European Union, the Office of the Vice President undertook a mapping of the national job creation ecosystem and convened a National High-Level Policy Dialogue on Job Creation.

“That engagement made it clear that sustainable employment will not come from government alone, but from a coordinated ecosystem where the private sector leads and government enables. It is in continuation of that effort that we are gathered here today.”
VP Shettima further noted that the Roundtable Series was designed as a structured platform for engagement, bringing together policymakers, industry leaders, development partners, and institutions to align efforts, build trust, and drive practical solutions.

He stated that, beyond ongoing multi-faceted investments, the Federal Government seeks to move from dialogue to deliberate action, connecting the dots between training and employment, education and industry, and policy and outcomes.

He emphasised that while government must align programmes with real economic demand, all stakeholders have a role to play in actualising President Tinubu’s skills policy direction.

“Job creation cannot be outsourced to government alone—industry must take its place at the table, not just as employers but as co-creators of the workforce Nigeria needs. The private sector must clearly articulate the skills it requires and actively participate in shaping them.

“Development partners also have a critical role—not just in funding programmes, but in supporting alignment, coordination, and scale around what works. Ultimately, what we are seeking is simple—clarity, collaboration, and results,” the VP said.

The Vice President declared that the time for fragmented action was over, stressing that the moment demands coordinated results, even as he said Nigeria has the talent, energy, and opportunity, but requires coordination, discipline, and execution from relevant stakeholders.

Earlier, the Minister of Housing and Urban Development, Arc. Ahmed Musa Dangiwa, stated that the roundtable was very important to the ministry, noting that many employers are seeking skilled workers.

He explained that housing development involves a wide chain of activities—from architects to engineers to bricklayers—and requires collaboration among stakeholders and development partners to address the housing deficit, which will, in turn, drive economic growth.

For his part, the EU Head of Cooperation for Nigeria and ECOWAS, Massimo De Luca, acknowledged ongoing collaboration with the Office of the Vice President, the Deputy Chief of Staff to the President, and other development partners, including the Tony Elumelu Foundation, to drive impact in skills development and job creation.

According to him, the EU has, in recent years, focused on fostering organic engagement within Nigeria’s production system.

“We grow skills where they matter, where they are required, and where they are defined,” he said, commending the Office of the Vice President for ensuring that relevant fellowship programmes for Nigerians such as 3MTT are embedded within a broader ecosystem.

The Senior Special Assistant to the President on Delivery and Coordination, Akubo Adegbe, described the roundtable series as a deliberate and ongoing effort by the Office of the Vice President and the EU to strengthen coordination across Nigeria’s job creation ecosystem.

He added that the series serves as a structured platform to bring together key actors to deliberate on how to impact priority sectors of the economy, moving from collaboration to measurable outcomes.

Other participants at the roundtable include representatives of the Organised Private Sector, the German Agency for International Cooperation, the Tony Elumelu Foundation, and the Aliko Dangote Foundation.

FG Targets Millions Of Youths For Skill Acquisition, Rallies Global Partners

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ECOWAS Issues Biometric Identity Cards to Over 260 Women Traders at Senegal–Guinea-Bissau Border

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ECOWAS Issues Biometric Identity Cards to Over 260 Women Traders at Senegal–Guinea-Bissau Border

By: Michael Mike

The Economic Community of West African States (ECOWAS) has issued ECOWAS National Biometric Identity Cards (ENBIC) to more than 260 women traders in border communities between Senegal and Guinea-Bissau in a move aimed at strengthening regional integration and easing cross-border trade.

The cards were presented during a ceremony held on March 16, 2026, in the twin border communities of São Domingos and Mpack, with support from the German Agency for International Cooperation (GIZ).

The initiative, led by ECOWAS’ Directorate of Free Movement of Persons, Migration and Tourism, is designed to facilitate the movement of women engaged in cross-border economic activities while addressing administrative barriers faced by vulnerable populations who often lack awareness or access to ECOWAS travel documents.

The event brought together officials from both countries, including the Governor of Cacheu in Guinea-Bissau, Honorina Vasconcelos, and the Governor of Ziguinchor in Senegal, Mor Talla Tine, alongside representatives of national boundary commissions and the ECOWAS Commission.

Speaking at the ceremony, Vasconcelos expressed appreciation to ECOWAS for selecting São Domingos as a beneficiary of the pilot phase of the initiative, describing the programme as an important step toward strengthening regional integration and facilitating free movement across the sub-region.

Also addressing participants, Tine commended the programme and stressed the importance of transforming border communities into hubs of economic opportunity while maintaining vigilance against security threats and cross-border crime. He noted that around 100 women cross the Mpack–São Domingos border daily without adequate knowledge of required travel documents, highlighting the need for broader community sensitization.

Representing ECOWAS’ Director of Free Movement of Persons, Migration and Tourism, Obinna Ajugwo said the initiative demonstrates the organisation’s commitment to translating regional integration policies into tangible benefits for citizens.

He explained that the ECOWAS National Biometric Identity Card plays a critical role in facilitating cross-border travel while enhancing security through modern identity verification systems.

In total, 262 women traders received the biometric cards, a development that was greeted with enthusiasm and appreciation by beneficiaries who rely on daily cross-border trade for their livelihoods.

ECOWAS said the programme forms part of its broader efforts to strengthen border management systems, improve migration governance and advance the free movement of persons across West Africa.

Established in 1975 in Lagos, the regional bloc continues to pursue economic integration and cooperation among its member states, with a long-term vision of building an “ECOWAS of the People: Peace and Prosperity to All by 2050.”

ECOWAS Issues Biometric Identity Cards to Over 260 Women Traders at Senegal–Guinea-Bissau Border

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VP Shettima, Zulum Attend Eid Prayers at Ramat Square as Worshippers Observe Sallah Peacefully in Maiduguri

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VP Shettima, Zulum Attend Eid Prayers at Ramat Square as Worshippers Observe Sallah Peacefully in Maiduguri

By: Our Reporter

Vice President, Senator Kashim Shettima, Borno State Governor, Professor Babagana Umara Zulum, joined thousands of muslim faithful to observe the Eid prayers at Ramat Square, Maiduguri.

The two units prayer were observed peacefully at the main Eid ground and other prayer grounds across the state under tight security, marking the end of the month-long Ramadan fast.

In a sallah message shortly after the sermon by the Imam Idaini of Borno, Shettiima Mamman Saleh, the Vice President called for unity and peaceful coexistence in the state and the country as a whole.

Senator Shettima assures the Federal Government Gommitment to protecting the lives and properties of the citizenry, stressing that the fight against insurgency would be tackled head-on.

The Imam Idaini admonished worshippers to imbibe the lessons learned during the holy month and encouraged Muslim faithful to give alms to the poor (zakatul fitr) and to fast six days in the month of Shawwal to receive Allah’s bounties and rewards.

Borno State Governor, Professor Babagana Umara Zulum, in a sallah message, called on faithful to recharge their spiritual beings towards rebuilding a secure, peaceful, and prosperous Borno.

He saluted the courage, resilience, and commitment of the people to all initiatives aimed at deepening security and peace-building among the various components of society, fragmented by the Boko Haram insurgency over the years.

The Eid prayer was attended by the Shehu of Borno, Shehu Abubakar Ibn Umar Garbai Almin El-Kanemi; the Borno State Deputy Governor, Umar Usman Kadafur; the APC Deputy National Chairman, North, Senator Mohammed Ali Ndume; and Senator Kaka Shehu Lawan SAN, Minister of State for Regional Development.

Other dignitaries include members of the House of Representatives and the Borno State House of Assembly, former deputy governors, the Secretary to the State Government, Commissioners, APC stalwarts, and other top government officials.

VP Shettima, Zulum Attend Eid Prayers at Ramat Square as Worshippers Observe Sallah Peacefully in Maiduguri

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