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Digital trading through e-commerce will facilitate inclusion for women and MSMEs – Okonjo-Iweala

Dr. Okonjo-Iweala has stated that e-commerce will facilitate the inclusion of MSMEs and women entrepreneurs into the digital economy.

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WTO, Okonjo-Iweala joins South Africa's presidential economic advisory council as nation struggles with recession, Dr. Okonjo-Iweala officially declared candidate with the largest and broadest support among members

Dr. Ngozi Okonjo-Iweala, has stated that e-commerce will facilitate the inclusion of MSMEs and women entrepreneurs into the digital economy, as they can be assisted to trade on e-commerce platforms.

She made the statement at the virtual event held by the Peterson Institute for International Economics tagged “Rebuilding the Global Economy: Role of the WTO and US approaches to it

Dr. Okonjo-Iweala said e-commerce, which is a big part of the digital economy is here to stay, and it will play a key role in bringing inclusion into the trade, especially for women and many micro, medium and small enterprises, who can be assisted to trade on e-commerce platforms — as many small and medium enterprises are using these platforms.

She explained that the inclusion of women into the digital economy through e-commerce is going to be huge and beneficial for the digital economy, as women own 50 per cent of the micro, medium and small enterprises in the African continent.

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Okonjo-Iweala said that the recent demands for Personal Protective Equipment (PPE) have shown how prepared women are in this regard, as face masks which have become instrumental in combatting the spread of COVID-19 are being produced by women — with most of them using e-commerce platforms to sell the masks.

On globalization leaving people behind, she explained that e-commerce is a very important way of including them, notwithstanding the problems that must be solved on data flows, data localization, and in fact, the regulatory framework — since many countries do not have the regulatory framework or the capacity to build compared to the developed countries.

What they are saying

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In her statement at the virtual event, she said, “I believe the digital economy is here to stay, and e-commerce is a big part of it, as it is also a way of bringing inclusion into the trade.

“You can see that for e-commerce; many micro, medium and small enterprises can be assisted to trade on e-commerce platforms. In fact, some are doing so already — many small and medium enterprises are using these platforms. And this is a way of bringing them in.

“The same with women. Women happen to own 50 percent of the micro, medium and small enterprises in my part of the world, in the African continent.

“And so if you can include them on these platforms, you also can include women. And by the way, let me just state the fact that for masks, which all of us are wearing, If you go on any of the e-commerce platforms, you will see women trading a lot of these beautiful things. So they are ready on. They’re already using it.

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FG secures $72 million from World Bank for states to develop land information systems

FG has secured $2m each for the 36 states of the federation through a World Bank-funded programme to develop their land information system.

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FG secures $72 million from World Bank for states to develop land information systems

The Nigerian government has announced that it has secured the sum of $72 million from the World Bank for the 36 states of the federation to develop a land information system.

According to Punch, this was disclosed on Monday at the Geoinformation Society of Nigeria 2020 Annual Conference in Abuja by Ogbonnaya Onu, Minister of Science and Technology, who was represented by the Acting Director-General, National Space Research and Development Agency, Francis Chizea.

READ: Remittances to sub-Saharan Africa totaled $48 billion in 2019

The application of information technology is the main driver of the recent World Bank space characteristics and responsibility programme anchored by the Federal Ministry of Finance, Budget, and National Planning.

“This programme secured $2m each for all the 36 states of the federation to develop states land information system aimed at gathering improved primary data,” he said.

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He also added that the scheme is expected to create 50,000 jobs nationwide.

READ: IGR: States generate N612.9 billion in H1 2020, dips by 11.7% 

(READ MORE: UN to support Nigeria, Burkina Faso and others with $100 million to prevent famine)

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What you should know

This comes after Nigeria recently announced that it would seek a World Bank loan of $750 million to help combat the effects of the pandemic on Nigeria’s economy.

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Business

FG needs to explore nation’s tourism as a panacea for unemployment

The FG has emphasized the need to explore the nation’s vast tourism potentials to create jobs and address youth restiveness.

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FG providing platforms where businesses can thrive - Lai Mohammed, COVID-19: FG inducts committee for creative industry palliatives, LICENSE, FG reiterates commitment to implement reform of broadcasting code , Economy: FG restates commitment to border closure, FG releases new broadcast media regulation to affect DStv’s monopoly , Digital Switch Over (DSO) in broadcasting will transit to a private-sector-driven enterprise - Lai Mohammed, FG needs to explore nation’s tourism as a panacea for unemployment

The Federal Government of Nigeria, through the Minister of Information and Culture, Lai Mohammed, has emphasized the need to explore the nation’s vast tourism potentials to create jobs, achieve inclusiveness, and address youth restiveness.

The Minister made the remarks in Abuja on Monday, when he received a delegation from the Nasarawa State Government, led by the Deputy Governor, Dr. Emmanuel Akabe.

READ: FG says Second Niger Bridge will be completed in 2022, project to cost N414 billion

The statement by the Minister is a sequel to the award of a contract by the Nasarawa State Government to construct the road leading to the Farin Ruwa Waterfalls in the state, which is the highest waterfall in the country at 150m high.

He said this will complement the contract earlier awarded by the Federal Government for the construction of the Farin Ruwa Dam, for the provision of water and electricity, as well as the construction of the road leading to the dam.

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In addition, the Minister expressed delight at the plan by the Nasarawa State Government to build a Film Village at the Farin Ruwa Waterfalls, saying the beauty of the environment can attract film makers across the world, as well as local and international tourists.

(READ MORE:FG agrees to exclude ASUU from IPPIS)

What they are saying

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Commenting on the visit of the Minister, the Deputy Governor of Nasarawa state, Dr. Emmanuel Akabe, noted that the delegation came to seek support for the development of tourism sites in the state.

Dr. Emmanuel said: “Your Excellency, I want to thank you for this visit because it shows the kind of importance Nasarawa State attaches to culture and tourism. The truth of the matter is that we can avoid a lot of youth restiveness if we take advantage of tourism, because tourism in its own right has the capacity to create jobs, leisure, and bring unity and understanding among the people.

READ: Nigeria’s 3.46 trillion fiscal deficit, a source of concern – MPC Member

“We look at tourism in Nigeria as the panacea to poverty, as one industry that can bring inclusiveness, and it is targeted largely at women and the youth.

Reacting to the submissions of the state executive, Lai Muhammed said: “You can see that with the combined efforts of the Federal Government and the State Government, that key element, which is always missing in tourism development, which is infrastructure, has already been addressed.”

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READ: Pantami tasks youth on developing creative and entrepreneurial digital skills

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In addition, the Minister also used the occasion to commiserate with the Government and people of Nasarawa State over the recent gruesome murder of the State APC Chairman, Mr. Philip Shekwo.

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Twitter suspends Nigeria Communications Commission’s account

Twitter has suspended the account of the Nigeria Communications Commission.

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Broadband subscriptions peak at 82.7m – Prof. Danbatta, NCC initiates second phase of sim deactivation, disables 2.2 million lines, MTN, Airtel, others contribute N6 trillion to GDP each quarter every year, NCC wades into coronavirus linkage with 5G, says controversy is untrue

The Twitter account of the Nigerian Communications Commission (NCC) has been temporarily suspended on the digital platform.

Findings by Nairametrics revealed that the account was suspended today, although the cause or reason for the action by the microblogging platform remains unknown as at the time of reporting this.

What this means: A statement on the suspended account showed that no activity can take place on it. It is also pertinent to note that usually, Twitter suspends accounts based on violations of its rules, or to ensure safe environment for users. Also, accounts may be suspended to protect other users from cyber-crime, violence, terrorism/violent extremism, abuse/harassment, sexual exploitation among others.

What they are saying: A statement on the suspended account @NgComCommission read thus: ‘’Account suspended. Twitter suspends accounts which violate Twitter Rules.’’

On the other hand, confirming the recent development, NCC’s director of public affairs, Ike Adinde told TheCable that the commission is aware of the development, but he, however, denied any wrongdoing by the organization, noting that it is a glitch from Twitter’s two-factor authentication (2FA) system.

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“We have been aware of issues with our Twitter account, apparently emanating from technical glitches with the company’s (Twitter’s) authentication system,” he said.

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