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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
Zamfara: Troops neutralise terrorist, recover arms in Shinkafi LGA
By Zagazola Makama
Troops of the 1 Brigade of the Nigerian Army operating under Operation FANSAN YANMA have neutralised a suspected terrorist and recovered arms during an offensive operation in Shinkafi LGA.
Security sources told Zagazola Makama that the operation was carried out on March 13 by troops of CT 5, who launched a deliberate clearance mission targeting terrorist camps located at Tubali and Zangon Danmaka.
The sources said the operation followed credible intelligence on the presence of armed bandits and other criminal elements using the locations as operational hideouts.
During the operation at Tubali, troops made contact with the suspected terrorists and engaged them in a brief gun battle, forcing the criminals to flee into nearby forested areas.
“During the engagement, one terrorist was neutralised, while others escaped with possible gunshot wounds,” the source said.
Following the encounter, troops conducted exploitation of the area and recovered one AK-47 rifle, a magazine containing two rounds of 7.62mm special ammunition, and a motorcycle believed to belong to the fleeing terrorists.
The recovered items were secured by the troops while further search operations were carried out around the camp to ensure that no other threats remained in the vicinity.
The sources added that when troops advanced to Zangon Danmaka, no contact was made with terrorists as the suspects were believed to have fled the area ahead of the troop arrival.
However, troops maintained dominance in the general area while conducting further patrols and surveillance operations aimed at preventing the terrorists from regrouping.
Zamfara: Troops neutralise terrorist, recover arms in Shinkafi LGA
Troops arrest suspected ISWAP spy in Kanama, Yobe
By Zagazola Makama
Troops of 159 Battalion in collaboration with members of the Civilian Joint Task Force have arrested a suspected spy linked to terrorists operating in the North-East in Kanamma Yobe state.
Security sources told Zagazola Makama that the suspect, identified as Malam Fantami, a native of Dikwa was apprehended during a security operation by troops deployed in the area.
The sources said the suspect was intercepted following credible intelligence indicating that he might be working as an informant for terrorists affiliated with the ISWAP.
According to the sources, items recovered from the suspect at the time of his arrest included a mobile phone, a smart watch, prayer beads, a motorcycle key, and a cash sum of ₦7,000.
Preliminary examination of the suspect’s mobile phone by security personnel reportedly revealed several suspicious materials, including photographs of motorcycles, large sums of cash, AK-47 rifles and other items believed to be linked to terrorist activities.
“The discovery of these materials has raised serious suspicion about the suspect’s role as a possible logistics informant or intelligence asset for insurgent elements operating in the region,” the source said.
The suspect is currently in military custody, where he is undergoing further interrogation to determine the extent of his involvement with terrorist networks and to identify possible collaborators.
The military high command said the arrest forms part of ongoing counter-terrorism efforts by troops in the North-East aimed at dismantling the intelligence and logistics networks that support insurgent operations.
Kanama, located in Yunusari Local Government Area of Yobe State near the border with Niger Republic, has remained an important corridor frequently exploited by insurgent groups for movement and supply activities.
Troops arrest suspected ISWAP spy in Kanama, Yobe
Troops repel ISWAP attack in Bita, Borno
By: Zagazola Makama
Troops of Operation HADIN KAI successfully repelled an attack by terrorists suspected to be members of ISWAP in Bita area of Borno state following a fierce overnight encounter.
Security sources said the attack began at about 1:09 a.m. on Saturday, when the insurgents launched a coordinated assault on troops of the 26 Task Force Brigade deployed in the Bita axis.
According to the sources, the terrorists attempted to overwhelm the troops’ position but were met with stiff resistance from the soldiers who engaged them in a sustained gun battle.
“In a decisive and coordinated operation, gallant troops of Operation Hadin Kai launched a simultaneous land and air assault on terrorist positions in Bita in the early hours of today,” the source said.
The coordinated response involved ground troops engaging the insurgents while aerial support conducted precision strikes and surveillance over the battlefield, forcing the attackers to retreat.
The intense engagement compelled the terrorists to withdraw towards their enclaves after suffering heavy pressure from the combined land and air assault.
Following the withdrawal of the insurgents, troops immediately commenced exploitation operations to pursue fleeing elements of the terrorist group and prevent them from regrouping.
Troops repel ISWAP attack in Bita, Borno
Troops repel attack on Forward Operating Base Azir in Damboa LGA, push back ISWAP terrorists
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