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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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NHRC Insists Violation of Human Rights by Military in the Northeast must be Punished

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NHRC Insists Violation of Human Rights by Military in the Northeast must be Punished
… Compensations Paid to Victims

By: Michael Mike

The National Human Rights Commission (NHRC) has said Nigerians must not lose sight of the fact that significant human rights violations did occur in the ongoing military counter-insurgency operation in the Northeast which calls for punishment for perpetrators and compensation to victims.

Speaking in Abuja at the opening of the Civil-Military Forum on the Recommendations and Findings of the Special Independent Investigative Panel on Human Rights Violations in Counter-Insurgency Operations in North-East Nigeria, the Chairman of the National Human Rights Commission (NHRC), Dr. Salamatu Husseini Suleiman insisted that that the military was not found involved in the forced abortion of over 10,000 pregnant women in the crisis torn Northeast region as reported by Reuters did not mean it never violated human rights of the people of the area.

Suleiman, who was represented by another member of the NHRC board, Kemi Asiwaju-Okenyodo noted that the purpose of the forum was to foster an open and constructive dialogue between the Nigerian Armed Forces, the National Human Rights Commission, and key stakeholders, and
work toward implementing the findings and recommendations of the Special Independent Investigative Panel (SIIP) on Human Rights Violations in Counter-Insurgency Operations in North-East Nigeria.

She also noted that: “The findings of the SIIP North-East, which were guided by a commitment to thorough investigation, impartiality, and transparency, have brought to light serious concerns regarding the conduct of military operations in the region. These concerns include, but are not limited to, the killing of civilians in Abisari, Borno State, and allegations of forced and illegal abortions and other grave violations.

“While some of the most serious allegations, including systematic abuses, were not substantiated by the panel’s investigation, we must not lose sight of the fact that significant human rights violations did occur. The killing of civilians in Abisari remains a grave violation that demands justice, accountability, and immediate action.”

She insisted that: “These are not abstract issues. These are real lives, real families, and real communities whose suffering must be acknowledged and addressed, “ adding that: “The recommendations of the panel provide a roadmap for addressing these violations, holding perpetrators accountable, and ensuring that similar violations do not occur in the future.”

Among the panel’s key recommendations are include Compensation for the victims of the Abisari killings with the Federal Government ensuring that the families and communities affected are provided adequate reparations; the prosecution of those responsible for these heinous acts through a Court Martial and the referral of retired officers for prosecution by the Attorney General of the Federation; Reforms aimed at strengthening accountability mechanisms within the military, including improved training on human rights and the development of standards for military engagement that prioritize civilian protection.

She said: “As we discuss these recommendations today, let us remember that the ultimate goal is not just to address past wrongs, but to ensure a future where the Nigerian military conducts its operations with full respect for human rights. We must work toward a military that is not only capable in its fight against insurgency but also committed to protecting the dignity and rights of every Nigerian, particularly those in conflict zones.”

She added that: “As we embark on these discussions, I urge all of us here today to reflect deeply on the findings and recommendations, and to think about the practical steps we can take to move from dialogue to action. We must be prepared to implement reforms, hold individuals accountable for violations, and build a culture of respect for human rights within the military.”

Suleiman noted that: “Together, we can ensure that justice is done, that victims are compensated, and that we pave the way for a future where human rights are safeguarded in all aspects of our military operations.”

The Executive Secretary of the Commission, Dr. Tony Ojukwu, on his part, explained that in the light of the findings by the panel, “this forum serves as a platform for us to engage in meaningful dialogue and explore ways to address these concerns. Our primary goal is to bring together the Nigerian military and the NHRC — to collectively reflect on these findings and discuss practical steps for the implementation of the panel’s recommendations.”

He said: “At the NHRC, we believe that upholding human rights is not just the responsibility of the government or human rights organizations; it is a shared duty among all of us. As the National Human Rights Commission, we are committed to promoting human dignity, ensuring accountability, and strengthening the rule of law. This forum will help guide our collective efforts toward ensuring that such violations are addressed, and that we build a military that respects the rights and dignity of all civilians in conflict zones.”

He noted that: “issues we are addressing today are not only about past violations but about ensuring that we create a future where human rights are central to the operations of the Nigerian Armed Forces. This will require commitment, transparency, and the willingness to learn and grow from our past experiences.

“I am confident that the discussions and decisions that will take place today will contribute to the reforms needed to ensure greater accountability within the military and to establish stronger protections for civilians in the North-East and other conflict areas of the country.”

NHRC Insists Violation of Human Rights by Military in the Northeast must be Punished

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German President Visits Nigeria Between 10-12 December

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German President Visits Nigeria Between 10-12 December

By: Michael Mike

German President, Dr. Frank-Walter Steinmeier is to pay a state visit to Nigeria between December 10 and 12, the German Embassy in Nigeria has revealed.

A statement on Thursday read that: “The German Embassy in Nigeria is pleased to announce the visit of the President of the
Federal Republic of Germany, His Excellency Dr. Frank-Walter Steinmeier to Nigeria on the 10th to 12th of December 2024.”

The visit, according to the statement, aims to underline the strength of Nigeria-Germany relations and to mark Germany’s appreciation of Nigeria.

The statement said: “Following the visit of German Chancellor Olaf Scholz to Nigeria in October 2023 and the visit of the President of the Federal Republic of Nigeria, His Excellency Bola Ahmed Tinubu, to
Germany in November 2023, President Steinmeier’s visit is the third exchange between both countries on the level of head of state or government since President Tinubu’s inauguration.

“This high frequency of visits is proof of the close relations between both countries and the serious interest of Germany in Nigeria. It is also evidence of a willingness to work together as strategic partners – an obvious fit, as both countries share striking commonalities, including being the strongest economy and the most populous country on their respective continents.”

The statement revealed that: “President Steinmeier will be accompanied by a business delegation of CEOs and high-ranking board members of some of Germany’s most successful companies in the fields of IT, high- tech and energy – an indication of the rising interest of German businesses in opportunities toinvest in Nigeria.”

The statement added that: “While in the country, President Steinmeier will meet with President Tinubu as well as with the
President of the Commission of Economic Community of West African States (ECOWAS), His Excellency Dr. Alieu Omar Touray. The German President will then proceed to Lagos, where he will engage with business representatives, visit a start-up hub and meet with members of Nigeria’s culture sector and civil society. The German President will further meet with Dr. Nike
Okundaye, popularly known as Mama Nike, of the Nike Art Gallery, and the legendary author and Nobel Laureate for Literature, Prof. Wole Soyinka.

“There will also be an opportunity to be
part of a tour of the city of Lagos to gain insights into the urban development of megacity Lagos, including environmental and social challenges.”

The statement explained that: “The President of the Federal Republic of Germany is the Head of State, representing Germany at home and abroad. His role is largely representative and that of a mediator and communicator and usually not involved in day-to-day politics.

It added that: “We look forward to our continued cooperation, and strengthening our important bilateral relations.”

German President Visits Nigeria Between 10-12 December

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Bridging Financial Inclusion Gaps Key To $1trn Economy Vision – VP Shettima

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Bridging Financial Inclusion Gaps Key To $1trn Economy Vision – VP Shettima

*** Urges stakeholders to tackle inequalities, foster inclusive financial system

By: Our Reporter

The Vice President, Senator Kashim Shettima, has implored development partners and other stakeholders to bridge systemic inequalities and foster an inclusive, unbiased financial system that benefits all Nigerians irrespective of gender or geography.

In this regard, he identified some unsettling gaps yawning for serious attention, including low penetration of digital financial services among women, just as he listed some socio-economic barriers behind these inequalities including low incomes, limited education, and restricted access to financial tools like credit and insurance.

The Vice President gave the charge on Wednesday during the inaugural Development Partners Roundtable on Economic and Financial Inclusion at the Presidential Villa, Abuja.

VP Shettima who was represented by Special Adviser to the President on General Duties (Office of the Vice President), Aliyu Modibbo Umar, warned that Nigeria’s vision of building a $1 trillion economy by 2030 will remain an illusion except the private sector and development partners are fully engaged.

He stated: “We have come this far because we are continually assessing the extent of economic and financial inclusion in Nigeria. However, the results of this assessment reveal some disturbing gaps that demand our urgent attention. One such gaps is the low penetration of digital financial services among women—only 23% compared to 43% for men.

“This, as we have learned, is driven by socio-economic barriers such as low income, limited education, and restricted access to financial tools like credit and insurance. Women in the northwest and northeast are particularly disadvantaged. The task before us, then, is clear: to bridge these systemic inequalities and foster an inclusive, equitable financial system that benefits all Nigerians, regardless of gender or geography.”

Senator Shettima however expressed optimism that the inaugural roundtable will provide a fertile ground for meaningful conversation that would “pave the way for a future where every Nigerian is a significant part of the nation’s financial data.”

He continued: “This roundtable is yet another important opportunity to harness our collective potential and chart a sustainable path forward. It is designed to provide a holistic view of the obstacles impeding economic and financial inclusion in Nigeria.

“As we engage in discussions today, I invite all of us to join hands, collaborate, and align our efforts in crafting lasting solutions. Whatever we do as a government, we know it cannot materialise fully unless we work together with you—our development partners, the private sector, and all stakeholders committed to progress.”

The VP hinted at the inauguration of a Presidential Committee for the Implementation of the Aso Accord, saying it will guarantee the success of the initiative championed by President Bola Ahmed Tinubu.

“Distinguished ladies and gentlemen, to guarantee the success of the transformative initiatives championed by His Excellency, President Bola Ahmed Tinubu, I am pleased to announce the inauguration of a Presidential Committee for the Implementation of the Aso Accord.

“It is my honour to chair this Governance Committee, which will primarily consist of the esteemed signatories to the Aso Accord, reflecting our collective commitment to ensuring its success. The Committee will be backed by a dedicated secretariat housed within the Office of the Vice President,” he noted.

Noting that discussions on the state of economic and financial inclusion in Nigeria had become a matter of priority at the National Economic Council (NEC) since April of this year, VP Shettima said, “The committee will report to the NEC on a quarterly basis to ensure that the integrated framework we have established not only implements the Aso Accord effectively but also achieves its ambitious goals.

“Once again, I call on all development partners here today to collaborate with this team to ensure the successful implementation of the Aso Accord. Your support is critical to this mission. We will rely on your technical expertise and continued assistance in accelerating the implementation of specific programmes and initiatives. None of us can deliver on this task in isolation,” he added.

Earlier, the Deputy Governor of Bayelsa State, Mr Lawrence Ewhrudjakpo, who spoke on behalf of the subnationals, commended President Tinubu for giving Nigeria visionary leadership.

He said the successes being recorded by the nation in the economic and other sectors show that Nigeria is on the right track.

The Deputy Governor who represented the Bayelsa State Governor maintained that rural communities should be well accommodated in the scheme of things to enhance inclusive development.

Minister of Livestock Development, Idi Maiha, called for effective strategies to include more farmers, petty traders and others who are in poor financial stages, in the financial inclusion programme in order to achieve its goals.

Minister of State for Humanitarian Affairs, Dr Yusuf Sununu, who said the ministry plays a big role in providing financial intervention and inclusion, added that the ministry will ensure social justice, environmental protection and growth through its social intervention programmes like Conditional Cash Transfer and School Feeding.

He assured beneficiaries of accountability and transparency in the implementation of all the programmes of the ministry.

On his part, Technical Adviser to the President on Economic and Financial Inclusion, Dr Nurudeen Zauro, said the roundtable was a defining moment for the financial inclusion strategy of the Nigerian government.

“Today’s gathering is a defining moment in our collective journey towards creating a more equitable, inclusive and prosperous Nigeria. In this hall, we have stakeholders comprising individuals and institutions who are united by a shared commitment to transforming lives through inclusive, economic and financial systems in Nigeria,” he said.

Dr Zauro added that the Aso Accord that seeks to promote financial inclusion is also a blueprint for action guided by the drive to unlock full potential and enhance socio-economic growth, leading to the building of a resilient and inclusive future for all Nigerians.

On her part, the Deputy Chairperson of the African Union Commission, Monique Nsanzabaganwa, hailed Nigeria’s reforms, which she said are feasible.

She congratulated Nigeria for implementing the Aso Accord on Financial Inclusion, just as she solicited more support for women and MSMEs.

Bridging Financial Inclusion Gaps Key To $1trn Economy Vision – VP Shettima

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