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UNDP Facilitates $10 million lifeline for Women Businesses in Nigeria

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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

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Nigeria, Benin Share Common Destiny, Deepen Strategic Partnership – Shettima

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Nigeria, Benin Share Common Destiny, Deepen Strategic Partnership – Shettima

By: Zagazola Makama

Vice-President Kashim Shettima has reaffirmed Nigeria’s commitment to strengthening bilateral relations with the Republic of Benin, describing both countries as partners bound by a “common destiny” rooted in history, trade and regional security.

Shettima stated this on Sunday in Cotonou during the inauguration of Benin’s President Romuald Wadagni, where he represented President Bola Ahmed Tinubu.

The Vice-President said the Tinubu administration views the Nigeria–Benin relationship as strategic to regional integration and democratic stability in West Africa.

“Our presence here in Cotonou underlines President Tinubu’s unwavering, deep-seated commitment to strengthening ties with our neighbours,” he said.

Shettima noted that both countries share deep cultural, historical and economic ties that predate modern political boundaries, stressing that communities on both sides of the border remain closely connected.

“Our border with the Benin Republic stretches across nearly 600 kilometres, spanning six Nigerian states… We are essentially one people tied to a common destiny,” he added.

He said Nigeria and Benin must continue to work together to promote democratic governance, peace and economic prosperity within the ECOWAS sub-region.

“Because of this, we must show solidarity, empathy and active support toward strengthening democracy in West Africa,” he said.

The Vice-President disclosed that bilateral trade between both countries stands at about $2 billion annually, while an estimated five million Nigerians reside in Benin Republic.

He said both countries had strengthened cooperation in border security, trade facilitation, grassroots governance and ae development under regional integration frameworks.

Shettima recalled that Nigeria and Benin formalised a Memorandum of Understanding in August last year to enhance collaboration among border communities, local governments and traditional institutions in tackling cross-border crimes and boosting socio-economic development.

He said the arrangement had improved security coordination and commercial activities in border towns such as Seme, Igbokofi and Ilara, while enhancing opportunities for residents engaged in cross-border trade.

The Vice-President also referenced ongoing regional economic frameworks under the ECOWAS Trade Liberalisation Scheme and the Common External Tariff system, aimed at improving the business environment across member states.

He added that both countries continue to implement the ECOWAS protocol on free movement of persons, which allows citizens to stay within member states for up to 90 days without visa requirements.

According to him, these initiatives remain critical to strengthening regional integration and sustaining peace and prosperity in West Africa.

Nigeria, Benin Share Common Destiny, Deepen Strategic Partnership – Shettima

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Troops Rescue INEC Official, Arrest Suspects After Election-Related Kidnapping Attempt in Cross River

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Troops Rescue INEC Official, Arrest Suspects After Election-Related Kidnapping Attempt in Cross River

By: Zagazola Makama

Troops have rescued an official of the Independent National Electoral Commission (INEC) and arrested three suspects following a reported kidnapping and disruption of election-related activities in Yakurr Local Government Area of Cross River State.

Security sources disclosed that the incident occurred at about 11:15 p.m. on May 22 when two groups of suspected kidnappers stormed the venue of ADC primary elections at Wummy Hotel, Ekori community.

According to the sources, one of the groups abducted the INEC returning officer, forced him into a vehicle, and compelled him to transfer ₦70,000 before fleeing the scene.

The second group, operating on a motorcycle, reportedly carted away ballot boxes from the venue.

Following intelligence on the incident, troops in Yakurr Local Government Area laid an ambush on the fleeing suspects, successfully intercepting the vehicle and rescuing the kidnapped INEC official.

Three suspects were arrested during the operation, while one armed suspect reportedly escaped into nearby bush with a pistol, a mobile phone, ATM card, travelling bag and other election materials.

The rescued official, arrested suspects and recovered vehicle are currently in military custody for further investigation and action.

Security forces have intensified efforts to track down the fleeing suspects and recover the stolen electoral materials.

Troops Rescue INEC Official, Arrest Suspects After Election-Related Kidnapping Attempt in Cross River

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Troops Raid Suspected Cultists’ Hideout, Arrest Three in Enugu State

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Troops Raid Suspected Cultists’ Hideout, Arrest Three in Enugu State

By: Zagazola Makama

Troops of 103 Battalion, in collaboration with the Nigeria Police Force, have raided a suspected cultists’ hideout in Achi town, Oji River Local Government Area of Enugu State, arresting three suspects and recovering items believed to be linked to criminal activities.

Security sources disclosed that the operation was carried out at about 4:30 a.m. on May 23 following credible intelligence on the activities of suspected cultists and other criminal elements operating in the area.

According to the sources, the troops stormed a residential building suspected to be used as a hideout by the criminal group.

During the raid, three suspects were apprehended, while items recovered include eight motorcycles and two buckets of locally made gunpowder.

The suspects and recovered items were subsequently handed over to the Nigeria Police Force for further investigation and necessary action.

Security authorities have continued to intensify joint operations in Enugu State and surrounding areas to curb cult-related activities and other forms of violent crime.

Troops Raid Suspected Cultists’ Hideout, Arrest Three in Enugu State

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