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UNDP Facilitates $10 million lifeline for Women Businesses in Nigeria
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
Boko Haram attack kills vigilante in Yobe
By: Zagazola Makama
A vigilante member was shot dead on Wednesday during an attack by suspected Boko Haram fighters at a vigilante camp in Kanamma town, Yusufari Local Government Area of Yobe State.
Zagazola learnt that the incident occurred at about 1839 hours when the assailants stormed the camp, opening fire on the victims.
The deceased, identified as Dauda Bamai, 35, of Kanamma, was pronounced dead by a medical doctor in Kanamma.
Security forces have intensified monitoring and patrols in the area to track down the attackers.
Boko Haram attack kills vigilante in Yobe
Fake news and its human cost: the case of Maj.-Gen. Uba
By: Zagazola Makama
The promotion of Brig.-Gen. SM Uba, Director Defence Information, to the prestigious rank of Major General should have been a moment of pride and celebration for his family, colleagues and the Armed Forces of Nigeria.
Instead, it coincided with one of the most disturbing episodes of misinformation targeting a serving senior military office an episode that point to the devastating human cost of fake news.
In recent days, malicious actors repeatedly circulated photographs of the officer online, falsely claiming he was dead. While the Defence Headquarters swiftly debunked the rumour, the damage was already done.
Unknown to many, the fake news triggered panic, trauma and emotional distress within his family. When the false reports first emerged, his wife and children broke down in tears, unable to process the sudden shock. Despite repeated attempts to reassure them that he was alive and well, they remained inconsolable until they travelled to Abuja to see him physically.
Even more heartbreaking is the fact that as at Wednesday, the same misleading posts were still circulating at the exact moment he was promoted to his new rank as a Major General.
This contrast the spread of a death hoax against the backdrop of a well-deserved promotion captures the cruel reality of misinformation in the digital age. It is not just a threat to public order. It destroys families, inflicts psychological harm, undermines institutions and disrespects the honour of those who dedicate their lives to national service.
Fake news and its human cost: the case of Maj.-Gen. Uba
FG Says GEJ is Safe, Out of Guinea Bissau
… Condemns Country’s Military Coup
By: Michael Mike
Nigeria’s Former President Goodluck Jonathan is very safe and out of Guinea-Bissau, the Federal Government has announced.
The spokesperson of the Ministry of Foreign Affairs, Kimiebi Ebienfa made the announcement on Thursday. He said: “He (President Goodluck Jonathan) left with a special flight with members of his delegation including, former President, Economic Community of West African States (ECOWAS) Commission, Ibn Chambas.”
Jonathan, who is the head of ECOWAS Election Monitoring Mission to Guinea Bissau, was tramped along with members of his team in the country when military suspended democratic process and took over government.
Meanwhile, the Nigeria’s government has condemned the military coup d’etat in Guinea Bissau.
The Nigerian government in a statement on Thursday by the spokesperson of the Ministry of Foreign Affairs, Kimiebi Ebienfa said: “The Federal Government of Nigeria has learned with profound dismay and deep concern the unfortunate military coup which has led to an unconstitutional change of government in the Republic of Guinea-Bissau.
“The Federal Government of Nigeria, in the strongest possible terms, condemns this act of military insurrection which undermines the democratic progress, constitutional order, and stability not only of Guinea-Bissau but of the entire West African sub-region. This coup d’état represents a blatant violation of the fundamental principles of the ECOWAS Protocol on Democracy and Good Governance, which explicitly rejects any ascension to power through unconstitutional means.
“We stand in solidarity with the people of Guinea-Bissau and call for the immediate and unconditional restoration of constitutional order, the safety and security of all those detained and the full respect for the sanctity of democratic institutions in Guinea-Bissau.”
The statement added that: “The Federal Government of Nigeria unequivocally calls on the authorities in Guinea-Bissau to ensure and guarantee the safety of all election observers still in the country on official assignment.
“The Federal Government of Nigeria urges all actors involved to exercise utmost restraint, prioritize peaceful dialogue, and respect the will of the people of Guinea-Bissau as expressed through their ballots and the peaceful conclusion of the election with the announcement of results by the electoral management body.
“We warn that those behind this act will be held accountable for their actions, which threaten to plunge the nation into chaos and reverse the hard-won gains of its democracy.”
It further added that: “Nigeria, as a key member of the Economic Community of West African States (ECOWAS) and the African Union, will work closely with our regional and international partners to take all necessary measures to ensure the swift return to normalcy and constitutional governance in Guinea-Bissau. We reaffirm our unwavering commitment to the promotion of democracy, peace, and stability across the African continent.”
FG Says GEJ is Safe, Out of Guinea Bissau
Troops foiled Armed bandits’ attack at Bulunku Zamzam Hotel in Gusau
Two injured after stray bullet from custom officer hits passengers in Oyo/Osun border
Clash between farmers and herders in Bauchi leaves one dead, six arrested
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