The Federal Government (FG) has generated $9 million business leads since it introduced women export initiative, SheTrades Initiative in 2016. This was disclosed by the Nigerian Export Promotion Council (NEPC).
Executive Director, NEPC, Olusegun Awolowo, explained that the initiative had connected 190 female-led businesses to international buyers through support at international trade fairs, in-country business linkage events, and through a partnership with large private sector companies.
Awolowo was represented by the Council’s Director of Policy and Strategy, Evelyn Obidike at the SheTrades Public Dialogue held in Abuja recently on Promoting Women Economic Empowerment and Public Procurement in Nigeria.
He emphasized that women empowerment was crucial to economic growth and development, especially in emerging economies like Nigeria.
“Women economic empowerment is crucial to economic growth and development, especially in emerging economies like Nigeria. When women are economically empowered, they contribute significantly to employment generation, poverty reduction and increases in the standard of living,” he said.
[READ MORE: FG offers $1.1billion Agric mechanisation scheme)
Speaking further, Daily Trust reported that the NEPC boss said the initial aim of the initiative, when it was first introduced, was to connect 200,000 women-owned businesses in Nigeria to international markets. This was said to be part of the broader UN Goal of connecting 3 million women by 2021.
What you should know: The SheTrades initiative was launched by the NEPC and the ITC in 2016 to empower women economically through greater participation in global trade and investment in Nigeria.
The SheTrades initiative provides women entrepreneurs around the world with a unique network and platform to connect to markets. Through the SheTrades app, women entrepreneurs are able to share information about their companies, increase visibility, expand networks, connect and internationalize.
Under the SheTrades Commonwealth programme, selected women-owned businesses, business support organizations and corporations will benefit from a wide range of opportunities to expand their business and jointly advance women’s economic empowerment.
Financial Autonomy: Governors, State Speakers reach agreement
The Governor also said that the final document of the agreement should be ready for implementation by May 2021.
The Governors’ Forum, Conference of Speakers of State Legislature and other governance stakeholders announced that they reached a resolution over the implementation of financial autonomy for State Legislature and Judiciary.
This was disclosed by the Ekiti State Governor and Chairman Nigeria Governors’ Forum, Kayode Fayemi, after the meeting, which was held in Abuja on Monday, and presided by the Chief of Staff to the President, Prof. Ibrahim Gambari.
What the Governor said
“We are here for legislative and judicial autonomy and Governors; Speakers of State Assemblies and the Judges of the States are on the same page as far as this issue is concerned,” he said.
We just emerged from a meeting with the Solicitor General of the Federation, the representatives of the judiciary and those of the Conference of Speakers and we are all in force; an agreement has been reached.
The issue is about implementation. There has been no objection from governors on judicial and legislative autonomy.
As a matter of fact, it would not have passed if governors were not in support in the first instance. So, that issue has been fully and holistically addressed,” Fayemi said.
The Governor also said that the final document of the agreement should be ready for implementation by May 2021 and urged striking workers to return to offices “because as far as this has gone, we have met with all the parties concerned and the President, through his Chief of Staff, has been monitoring what has been happening.”
What you should know
Nairametrics reported earlier this month that members of the Judiciary Staff Union of Nigeria (JUSUN) went on strike with the closure of Federal High Courts in different states across the nation. The union said the purpose of the strike was to draw attention to the financial autonomy of Nigeria’s Judiciary.
Finance Minister tasks FG and state governments to control spending
The Minister also denied claims that the FG printed N60 billion as top-up for March FAAC numbers.
The Minister of Finance, Zainab Ahmed, has called on Governments on all levels in Nigeria to control spending amid decreasing revenues and urged for prudent government spending. The Minister also denied claims that the Federal Government printed N60 billion as top-up for March FAAC numbers.
The Minister disclosed this in an interview on Monday and warned that the FG was not generating enough revenue to align with its spending habit.
Zainab Ahmed added that the FG would maintain its stance from January 2021 to end total fuel subsidies in Nigeria, and confirmed talks with organised labour on subsidy removal.
“As a nation, the Federal, State and Local governments must review expenditure patterns. We are spending too much and we are not generating enough,” she said.
What you should know
Nairametrics reported last month that the Debt Management Office had announced that Nigeria’s public debt at end of 2020 was N32.915 trillion. The DMO said the sum of the debt included the Debt Stock of the Federal and State Governments, as well as the Federal Capital Territory.
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