Connect with us

News

UNDP Facilitates $10 million lifeline for Women Businesses in Nigeria

Published

on

UNDP Facilitates $10 million lifeline for Women Businesses in Nigeria

By: Michael Mike

The United Nations Development Programme (UNDP) has facilitated $10 million in investment from trade lender for business women in the country.

This lift is coming under the recently launched #HerAfCFTA initiative of UNDP which is aimed at helping women entrepreneurs in Nigeria as part of the African Continental Free Trade Area (AfCFTA).

The programme offers support in areas such as: capacity building, market access, trade facilitation, business networking, investment, and digitalization.

The AfCFTA is a trade agreement that aims to boost intra-African trade and promote economic development. It presents opportunities for women entrepreneurs to formalize their businesses, access new markets, and grow their businesses.

Women entrepreneurs on the continent have been reported to be facing challenges ranging from gender-based violence, limited market access, and lack of access to business tools.

Speaking at the #HerAfCFTA forum in Abuja with the theme: Empowering Women-led Micro, Small, and Medium-sized Enterprises for continental trade opportunities, the UNDP National Programme Specialist, Ms. Clare Henshaw said the UN agency under the #HerAfCFTA has been able to successfully facilitated the $10 million as
seed projects.

At the forum, which is in collaboration with Women Chambers of Commerce, Industry, Mines and Agriculture, Henshaw also disclosed that there would be more funding for women and youth in business but they have to be ready.

She said: “As we speak, not only have they successfully facilitated $10 million investment from trade lenders to seed projects, just one business, we’ve also been able to pile up a number of businesses and partners that are coming your way, if only you are ready.”

She revealed that the six months old #HerAfCFTA initiative has a target of raising $30 million to support women in business.

On her part, UNDP Nigeria Resident Representative, Ms. Elsie Attafuah, speaking on equipping the women to break the barriers confronting them, said the initiative focuses on equipping them with tools needed to succeed within the AfCFTA ecosystem.

Attafuah who was represented by the Senior Economic Advisor, UNDP, Mr. Tony Muhuuza, stressed that the initiative is unlocking a wealth of information for Nigerian women entrepreneurs, while at the same time widening their network.

The UNDP Nigeria Representative said: “Our #HerAfCFTA initiative focuses on equipping women with tools they need to succeed in the continental trade ecosystem. Under this initiative, we at UNDP have designed three key components to address the unique challenges that women face and to ensure their success in this new trade environment.

“Under #HerAfCFTA, we focus on equipping women entrepreneurs with insights and tools they need to navigate regional and international trade. By providing access to market intelligence, policy support and capacity building, we empower women to make informed decisions that enhance their competitiveness.
“We are unlocking a wealth of information for Nigerian women entrepreneurs. Number two is her network. Collaboration is very, very key to scaling up success.

“And this component creates platforms for enhanced business-to-business connections and digital networking. From virtual matchmaking events to in-person dialogues like the one we are having today, our AfCFTA network is about building bridges, fostering relationships that can lead to transformative trade opportunities. The third is her facility.

“This is about scaling a business require resources and her facility will actually focus on normalizing the financial, technical support needed to make that happen. From trade facilitation to investment in logistics to branding and export processes, our facility component ensures that women entrepreneurs are equipped to scale their operations and compete effectively in both the local and regional markets. Today’s masterclass and sessions are an embodiment of this vision.

“By focusing on market intelligence, branding, compliance, and trade facilitation, we are not only addressing immediate challenges but also equipping our entrepreneurs with the tools and knowledge to cross borders, shatter glass ceilings, and redefine trade across Africa.”

She said she sees a continent where women are in forefront of development.

She said: “Imagine a Nigeria where women-led businesses thrive, where agro-products are skilled to meet export demands, where garments and handmade goods are displayed proudly in shops across Africa, and where women voices shape trade policies and negotiations. This vision will actually start with you.

“As we move forward, we implore you to make collective commitments.
Policy makers, women partners, business leaders, and entrepreneurs, we need to build a trade ecosystem that is inclusive, innovative, and impactful.

” As I conclude, let us ensure that the AfCFTA becomes a living testament to Africa and to make sure that we invest in the greatest resource that its people have, especially the women that have the potential to turn these possibilities into realities.”

UNDP Facilitates $10 million lifeline for Women Businesses in Nigeria

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

News

FG Pushes Deeper Reforms in Prisons, Border Security, and Financial Systems

Published

on

FG Pushes Deeper Reforms in Prisons, Border Security, and Financial Systems

By: Michael Mike

The Federal Government has reaffirmed its commitment to comprehensive reforms in Nigeria’s correctional system, the deployment of technology to strengthen border security, and the entrenchment of financial integrity across public institutions.

The Minister of Interior, Olubunmi Tunji-Ojo, made this known on Wednesday in Abuja while receiving the President and Chairman of Council of the Institute of Chartered Accountants of Nigeria (ICAN), Mallam Haruna Yahaya, who led a delegation on a courtesy visit.

Tunji-Ojo emphasized that reforming the nation’s correctional system remains a top priority, stressing that the focus must extend beyond incarceration to rehabilitation and reintegration of inmates into society.

“Government has a duty of care to its citizens. Even where freedom is restricted by law, those in custody must be treated with dignity and given opportunities to return to society better than they came,” he said.

He noted that the shift from the Prisons Act to the Nigerian Correctional Service Act marked a deliberate transition toward a system that prioritizes reformation over mere detention.

On border management and internal security, the Minister disclosed that the Correctional Information Management System (CIMS) now contains over 50 million records compiled from operations at seaports and airports, with ongoing integration of land border data.

According to him, the system enhances the government’s ability to detect irregularities and prevent unauthorized entry, aligning with modern security strategies that prioritize proactive measures over reactive responses.

“We are building systems that can stop problems before they happen, not just respond after the damage is done,” he added.

Addressing financial governance, Tunji-Ojo stressed the importance of strengthening internal controls across government institutions, noting that preventive mechanisms are more effective than post-incident audits.

“It is not enough to detect issues after they occur. The goal is to build systems that make such issues difficult to happen in the first place,” he said.

He called on professional bodies such as ICAN to deepen their collaboration with government, particularly in areas of revenue assurance, transparency, and institutional accountability, while also encouraging stronger public-private partnerships to enhance efficiency and boost investor confidence.

On infrastructure, the Minister highlighted the need to expand fire and rescue services nationwide, pointing out that innovative funding models, including private sector participation, would be crucial to achieving this goal.

Tunji-Ojo also congratulated ICAN on its leadership and its upcoming West Africa Accountants Conference 2026 scheduled for December 2026, assuring the institute of government support. He further commended the increasing representation of women in professional leadership, describing it as a positive sign for the future.

Earlier, ICAN President Haruna Yahaya applauded the Ministry’s ongoing reforms and proposed the creation of a Joint ICAN–Ministry Financial Integrity and Revenue Assurance Task Force.

He explained that the initiative would target key areas including revenue assessment within the Nigeria Immigration Service, payroll analysis across uniformed services, and procurement risk review, with the aim of reducing leakages and strengthening accountability across government operations.

FG Pushes Deeper Reforms in Prisons, Border Security, and Financial Systems

Continue Reading

News

Security forces foil rustling, recover 22 animals in Katsina

Published

on

Security forces foil rustling, recover 22 animals in Katsina

By: Zagazola Makama

Security operatives in Katsina State have foiled a livestock rustling attempt and recovered 22 stolen animals in Jibia Local Government Area.

Police sources said the incident occurred in the early hours of April 12 following a distress call received at about 12:45 a.m. that suspected armed bandits had rustled livestock from neighbouring Niger Republic.

According to the sources, the Divisional Police Officer (DPO) of Jibia swiftly mobilised a joint team comprising police, military and community watch personnel to the area.

They added that the operatives strategically blocked the escape routes of the suspects and engaged them in a gun duel.

“The superior firepower of the security team forced the bandits to abandon the rustled animals and flee into the bush,” the sources said.

The sources disclosed that all 22 sheep and goats were recovered intact during the operation.

They noted that the area has been cordoned off, while aggressive clearance operations are ongoing to apprehend the fleeing suspects.

Further developments will be communicated as investigations continue, the sources added.

Security forces foil rustling, recover 22 animals in Katsina

Continue Reading

News

Troops neutralise several terrorists in ambush operation in Borno

Published

on

Troops neutralise several terrorists in ambush operation in Borno

By: Zagazola Makama

Troops of the Joint Task Force, North-East, Operation Hadin Kai, have neutralised several Boko Haram terrorists during an ambush operation in Bama Local Government Area of Borno State.

Security sources said the incident occurred at about 2:33 a.m. on April 13 when an ambush team of 202 Battalion deployed at Bravo Kilo sighted a terrorist crossing the parapet at a defensive company location.

According to the sources, the troops engaged and neutralised five of the suspect on sight.

The sources added that the operation is part of ongoing clearance and ambush missions aimed at denying terrorists freedom of movement in the North-East theatre.

Troops neutralise several terrorists in ambush operation in Borno

Continue Reading

Trending

Verified by MonsterInsights