Connect with us

News

Okonjo-Iweala unveils $50m fund to empower women in digital trade

Published

on

The Director-General of the World Trade Organisation, Ngozi Okonjo-Iweala,has unveiled a $50 million global fund to empower women entrepreneurs in digital trade, warning that global commerce is facing “extremely challenging times” marked by rising unilateralism and protectionism.

The initiative, known as the Women Exporters in the Digital Economy Fund, is a joint effort of the WTO and the International Trade Centre aimed at equipping women-owned businesses in developing countries with the skills, resources and networks to participate competitively in global value chains.

Speaking in her address on Thursday in Abuja, Okonjo-Iweala warned that Nigeria’s low internet penetration, with more than half of the population still offline, could limit the country’s ability to tap into the fast-growing global digital trade market.

Okonjo-Iweala said only 45 per cent of Nigerians are connected to the internet, far below the global average of 67 per cent.

The WTO DG said, “No nation can truly digitise without a steady supply of electricity and reliable, affordable internet. More than half of Nigerians remain disconnected, and this gap must be closed if we are to seize the opportunities of digital trade.”

“This is more than a programme. This is going to be a movement,” Okonjo-Iweala declared. “We want women entrepreneurs not just surviving, but thriving on the world stage.”

The former Nigerian finance minister said the launch comes at a time when total global trade stands at $30.4tn, with digital trade representing the fastest-growing segment, yet Africa’s share remains under one per cent.

“In 2005, digitally-delivered services like IT, consulting and education were worth about $1tn. Today, that figure has quadrupled to $4.25tn,” she noted. “It is an area where Nigeria’s women can and must take advantage.”

See also  Expert decries rising building collapses in Nigeria

This year, the WEIDE Fund is rolling out in just four countries, Jordan, Mongolia, the Dominican Republic and Nigeria. Okonjo-Iweala said Nigeria’s selection followed a fiercely competitive process involving over 600 business support organisations worldwide.

“The Nigerian Export Promotion Council, under Mrs. Nonye Ayeni, stood out with a strong, well-thought-out application,” she said. “This was not man-no-man or woman-no-woman. Nigerians don’t need a Nigerian at the WTO to win, they win on their merit.”

Over 67,000 Nigerian women entrepreneurs applied for the first cohort. While the original plan was to support 100 businesses, the high quality of applications led to the selection of 146 beneficiaries.

“67,000 Nigerian women entrepreneurs applied for the fund. Due to the exceptional quality of entries, the number of beneficiaries was increased from 100 to 146 awardees.
“Sixteen entrepreneurs in the Booster Track will each receive up to US$30,000 and 18 months of technical assistance.

“One hundred and thirty entrepreneurs in the Discovery Track will each get up to US$5,000 and a year of business support.

“Beneficiaries operate across sectors such as agriculture, IT, fashion, hospitality, beauty, and manufacturing.”, she explained.

“These women come from all over Nigeria, from fashion and textiles to IT, tourism, agri-processing, beauty, and home goods,” Okonjo-Iweala said. “They are the heartbeat of Nigeria’s entrepreneurial energy.”

While lauding the government’s $2bn fibre optic project to connect rural and secondary cities, the WTO chief stressed that digital trade cannot thrive without reliable electricity.

“No nation can truly digitise without a steady supply of power,” she warned. “More than half of Nigerians are still offline, just 45 per cent are connected compared to the global average of 67 per cent.”

See also  Women protest in Abuja for reserved seats bill

She called for inter-ministerial collaboration between the ministries of power, communications, women’s affairs, and trade to sustain and scale the initiative.

Okonjo-Iweala lamented that women remain underrepresented in Nigeria’s booming ICT sector, which contributed 18 per cent to GDP in 2022, up from less than 4 per cent in 2001.

“A study found that only 30 per cent of Nigerian tech firms are owned by women,” she said. “We rank 128th out of 148 countries in the Global Gender Gap Report. We can and must do better.”

She urged policymakers to see women’s empowerment as “smart economics” rather than charity, warning against policies like customs duties on cross-border digital trade that could choke small exporters.

“If countries start taxing digital trade, micro and small businesses, especially those run by women, will lose one of their best pathways into global markets,” she said.

Addressing the 146 awardees directly, Okonjo-Iweala said, “You earned this through hard work and vision. Use this moment to dream bigger, scale higher and go further. When I return in two years, I want to see how many more people you have hired, how many new markets you have reached, and how many women you have inspired.”

She concluded, “When women succeed, communities succeed, economies succeed. This is not just a moral case, it is an economic case. Let’s make it happen.”

FOLLOW US ON:

FACEBOOK

TWITTER

PINTEREST

TIKTOK

YOUTUBE

LINKEDIN

TUMBLR

INSTAGRAM

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

News

Kidnapping children lesser evil than killing soldiers — Sheikh Gumi 

Published

on

Islamic cleric Sheikh Gumi has described the kidnapping of schoolchildren as a “lesser evil” compared to killing soldiers, insisting that Nigeria must negotiate with bandits to prevent greater bloodshed.

Speaking in an interview with the BBC shared on Tuesday, Gumi said that while the abduction of minors is “evil,” it remains less grievous than murder — particularly in situations where kidnapped children are eventually released unharmed.

“Saying that kidnapping children is a lesser evil than killing your soldiers, definitely is lesser. Killing is worse than, but they are all evil. It’s just a lesser evil. Not all evils are of the same power.

He cited previous incidents, including the mass abduction in Kebbi State, arguing that the victims were freed without fatalities.

“So it’s a lesser evil than, like, what happened in Kebbi. They abducted children, and they were released. They didn’t kill them.”

The remarks come as more than 315 people — including 303 students and 12 teachers — were abducted in Niger State.

On 7 December, the Federal Government announced the release of 100 students, while an earlier report confirmed the escape of 50 others just days after the kidnapping.

“It’s an evil, and we pray that they escape”, Gumi responded briefly when asked what he would say to their parents.

Gumi also defended his long-held stance that negotiating with bandits is unavoidable, describing engagement with bandits and other non-state actors as a practical strategy to secure peace and save lives, and noting that “everybody negotiates with bandits.”

See also  Women protest in Abuja for reserved seats bill

“That word [‘we don’t negotiate’], I don’t know where they got it from. It’s not in the Bible. It’s not in the Quran.

“In fact, it’s not even in practice. Everybody’s negotiating with outlaws, non-state actors, everybody. So who got it, and where did they get that knowledge from? We negotiate for peace and our strategic interests. If negotiation will bring stoppage to bloodshed, we will do it.”

The cleric stressed that his past engagements with bandits were not carried out secretly or independently.

“I go there with the authorities. I don’t go there alone. And I go there with the press,” he said.

Gumi revealed that his last direct meetings with bandit groups were in 2021, saying he made marathon efforts to bring various factions together, but the federal government at the time “was not keen” on the initiative.

He said once the groups were officially designated as terrorists, he completely withdrew from any contact.

Turning to the wider security situation, the former army captain argued that Nigeria’s military cannot shoulder the burden alone.

“We need a robust army… but even the military is saying our role in this civil unrest, in this criminality, is 95% kinetic. The rest is the government, the politics, and the locals. The military cannot do everything.”

Gumi also maintained that most bandits are Fulani herdsmen, not urban Fulani, urging a clear distinction between the two. He described their struggle as rooted in survival and cattle rearing:

“They are fighting an existential war… Their life revolves around cattle. In fact, they inherit them. They’ll tell you, ‘This cow I inherited from my grandfather.’ They are mostly Fulani herdsmen, not the Fulani town, because you have to differentiate between the two.”

See also  Second body recovered after car plunged into Lagos Lagoon

Gumi’s remarks underscore the delicate balance between dialogue and enforcement in addressing Nigeria’s persistent insecurity, particularly in the northwest, where kidnappings, bandit raids, and violence continue to disrupt communities.

Continue Reading

News

Remi Tinubu sparks debate after asking Adeleke to stop singing at Ooni’s event

Published

on

Nigeria’s First Lady, Senator Oluremi Tinubu, has come under fire after she intervened while Osun State Governor, Ademola Adeleke, broke into a song during his speech at the 10th coronation anniversary of the Ooni of Ife, Oba Adeyeye Ogunwusi.

In a video that went viral on Monday, Adeleke was seen stepping up to the podium on Sunday to honour the monarch and congratulate the First Lady on her new chieftaincy title, Yeye Asiwaju Gbogbo Ile Oodua.

Instead of delivering his address immediately, the governor, well-known for his lively and musical public style, launched into a brief chant, prompting amusement from sections of the crowd.

The First Lady, who had moments earlier received her traditional title from the Ooni, walked towards the podium, gestured lightly to the governor and whispered to him to proceed with his statement.

This has, however, since drawn mixed reactions from Nigerians online.

Reacting, the Senior Special Assistant to the Governor on the Bureau of Social Services, Akintunde Bello, said Mrs Tinubu should be cautioned.

Also, a chieftain of the African Democratic Congress, Dele Momodu, in a post on his Instagram handle on Monday, condemned the First Lady’s action, describing it as bullying.

Momodu said the president’s wife openly disgraced and embarrassed Adeleke before a global audience.

He said, “Remi Tinubu is not an elected officer of the government and has no role assigned to her in the constitution of the Federal Republic.

“It is totally repugnant to openly disgrace, insult and bully the Chief Executive of Osun State before a global audience, including his wife. She went too far.”

See also  We’ll fight it out if US invades Nigeria — Fani-Kayode warns Trump

An X user, Hon. Rilwan, tweeting as #rilwan_ola01 wrote, “Remi Tinubu came to Osun to undermine the power of legitimate government in front of various dignitaries. I am really angry right now.”

However, despite the backlashes, some netizens believe that Tinubu’s action is justified.

Dayo Fashola, an aide to the ex-Osun State Governor, Adegboyega Oyetola, on her verified Facebook handle, said the conversation between the duo was lighthearted.

Fashola had explained that what transpired between Oluremi Tinubu and Adeleke was “light‑hearted and isn’t as serious as people are making it seem.”

She wrote, “Even Her Excellency craved the indulgence of all her distinguished guests to skip protocol while delivering her own speech, as many needed to return to their respective destinations in good time. Keeping in mind that helicopter visibility at night is near zero.”

A Facebook user, Oyetunji Ayoade, while defending Tinubu’s action, wrote, “The highest respect the first lady can give to Osun people is to stand up and inform him by herself and she did.”

punch.ng

FOLLOW US ON:

FACEBOOK

TWITTER

PINTEREST

TIKTOK

YOUTUBE

LINKEDIN

TUMBLR

INSTAGRAM

Continue Reading

News

UPDATED: ECOWAS declares state of emergency in West Africa

Published

on

The Economic Community of West African States has declared a state of emergency across the region.

The President of the ECOWAS Commission, Omar Touray, made the announcement on Tuesday during the 55th Session of the Mediation and Security Council at the ministerial level in Abuja.

Touray said recent developments underline the “imperative of serious introspection on the future of our democracy and the urgent need to invest in the security of our community.”

Addressing ministers, diplomats and senior officials, Touray gave a sobering assessment of West Africa’s political climate, citing multiple incidents as evidence of a rapidly deteriorating security environment.

He noted that ECOWAS member states currently face an average rating of “high risk,” based on country-by-country analyses contained in documents before the ministers.

“Events of the last few weeks have shown the imperative of serious introspection on the future of our democracy and the urgent need to invest in the security of our community.

“As you would have seen in the memoranda before you, the country-by-country analyses of our member states show different risk levels across our community, from high to medium, with an average of high risk, thereby demanding immediate and concerted action.

“The risk factors are the persistence of military interventions (Guinea-Bissau and the Republic of Benin just days ago); non-compliance with transition norms in Guinea, where we face a military leader turning civilian; growing erosion of electoral inclusivity across multiple states; expanding influence of terrorists, armed groups and criminal networks; and increasing geopolitical pressures affecting member states’ diplomacy and cohesion,” he explained.

See also  PHOTOS: Father, son, three others d!e in Kano well collapse and fire incident

Among the most troubling trends, Touray emphasised that “elections have become a major trigger of instability in our community.”

He also cited recent attempted coups and ongoing discussions with the Alliance of Sahel States, stressing the urgent need for a coordinated regional response to terrorism and cross-border criminal activity.

Declaring the situation unprecedented, he warned, “Faced with this situation, Excellencies, it is safe to declare that our community is in a state of emergency.”

Touray called for more frequent meetings of the Mediation and Security Council over the next year, insisting ECOWAS must “pool our resources to confront the threats of terrorism and banditry, which operate without respect for territorial boundaries.”

He outlined priority areas requiring continuous ministerial oversight, including the crisis in Guinea-Bissau, managing political transitions, addressing rising political exclusion, and safeguarding regional unity amid external pressures.

The ECOWAS Commission President also drew attention to worsening humanitarian conditions in West Africa, referencing recent UNHCR data. He said that “as of October 2025, approximately 7.6 million individuals are forcibly displaced across the region,” including more than 6.5 million internally displaced persons.

According to the data, the largest displaced populations are in Nigeria, Burkina Faso, Niger and Mali, while Niger, Mali, Nigeria, Côte d’Ivoire and Togo host the highest numbers of asylum seekers.

Touray stressed, “We must therefore take decisions and actions that will reverse this trend.”

Despite the challenges, he reaffirmed ECOWAS’s commitment to its citizens.

“Let me assure our community citizens that we will not rest on our oars. We will continue to work harder to promote a peaceful, stable and stronger region for the overall benefit of Community citizens,” he said.

See also  Why Military Operations Alone Won’t End Boko Haram – Bishop Kukah

He urged member states to uphold constitutional norms and maintain unity: “Let us all remain committed to preserving regional unity, advancing peace and upholding the Community’s Constitutional Convergence Principles.”

Touray also welcomed new ministerial representatives attending the session for the first time.

“May I extend a warm welcome to the new Ministers of Defence of Nigeria, Rtd. General Christopher Musa, and Foreign Affairs of Cabo Verde, José Luis Livramento, who are joining today for the first time,” he said.

In his remarks, Sierra Leone’s Minister of Foreign Affairs and Chair of the Council of Ministers, Timothy Kabba, called for decisive action to protect democratic governance amid worsening political instability.

Kabba highlighted the fragile state of democracy in West Africa, pointing to the recent political crises in Guinea-Bissau and Benin.

“The recent coup in Guinea-Bissau and the attempted coup in the Benin Republic are sobering reminders of the fragility of our democratic gains,” Kabba said.

He detailed Sierra Leone’s diplomatic efforts, noting that he led a high-level delegation to Guinea-Bissau on December 1, 2025, to engage with military leaders and political stakeholders.

“His Excellency’s engagement helped ease tensions and opened the door for continued dialogue under ECOWAS’s guidance.

“These actions reflect our collective position. ECOWAS cannot and will not accept this development. They undermine everything our community stands for and threaten the peace and security of our citizens,” he said.

Kabba stressed the need for concrete outcomes from the summit.

“The discussions we have today must move beyond just reaffirming principles. They must generate decisions that offer real hope and strengthen the credibility of our institutions.

See also  Germany bans Muslim group accused of advocating caliphate

“Our people no longer have patience for commitments that remain unfulfilled. They expect us to confront these challenges with seriousness, unity and purpose,” he added.

The meeting of the Mediation and Security Council precedes the gathering of ECOWAS Heads of State and Government, who are expected to deliberate on the Council’s recommendations amid mounting pressure to restore stability in the troubled region.

PUNCH Online reports that West Africa is facing escalating political instability and security challenges, with several ECOWAS member states experiencing coups, attempted coups, and fragile political transitions.

Mali, Niger, and Burkina Faso remain under military-led administrations, while Guinea-Bissau recently joined this group following a military intervention. On Sunday, an attempted coup in the Benin Republic was foiled, further highlighting the fragility of democratic governance across the region.

These events underscore the erosion of constitutional norms, growing electoral tensions, and the rising influence of armed groups and criminal networks that threaten regional stability.

punch.ng

FOLLOW US ON:

FACEBOOK

TWITTER

PINTEREST

TIKTOK

YOUTUBE

LINKEDIN

TUMBLR

INSTAGRAM

Continue Reading

Trending