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  Missing transformer: Owa Obokun removes Oba Odo of Ilesa, Gbadamosi

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  30 dead, 58 rescued in Niger boat mishap -NEMA

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

Iran warns of ceasefire violation as US plans to escort Hormuz ships

Published

on

Iran warned on Monday that it would consider any US attempt to interfere in the Strait of Hormuz a breach of the Mideast ceasefire, as President Donald Trump said the United States would begin escorting ships through the blocked waterway.

Negotiations between the two countries have been deadlocked since a ceasefire came into effect on April 8, and Iran’s stranglehold on the strategic strait following US-Israeli attacks on Tehran has been a main point of contention.

Trump said on Sunday that the new maritime operation, which he dubbed “Project Freedom,” was a “humanitarian” gesture for crews aboard the many ships swept up in the blockade and which may be running low on food and other crucial supplies.

“We will use our best efforts to get their Ships and Crews safely out of the Strait. In all cases, they said they will not be returning until the area becomes safe for navigation,” Trump said in a Truth Social post, noting operations would begin on Monday.

In response, the head of the Iranian parliament’s national security commission said: “Any American interference in the new maritime regime of the Strait of Hormuz will be considered a violation of the ceasefire.”

By blocking the Strait of Hormuz, Iran has choked off major flows of oil, gas and fertiliser to the world economy, while the United States has imposed a counter-blockade on Iranian ports.

Trump, in his post, said he was “fully aware that my Representatives are having very positive discussions with the Country of Iran, and that these discussions could lead to something very positive for all.”

See also  Hundreds storm EFCC headquarters, demand El-Rufai prosecution

He made no direct mention of what Tehran described as a 14-point plan “focused on ending the war.”

US Central Command said it would use guided-missile destroyers, over 100 land and sea-based aircraft, multi-domain unmanned platforms and 15,000 service members in the Hormuz effort.

As of April 29, more than 900 commercial vessels were located in the Gulf, according to maritime intelligence firm AXSMarine.

Impossible operation

US news website Axios, citing two sources briefed on the proposal, reported that Iran set “a one-month deadline for negotiations on a deal to reopen the strait,” dissolve the US naval blockade and end the war.

Earlier Sunday, the Revolutionary Guards sought to put the onus back on Trump, saying he must choose between “an impossible operation or a bad deal with the Islamic Republic of Iran.”

Washington’s European allies are concerned that the longer the strait remains closed, the more their economies will suffer, and German Foreign Minister Johann Wadephul demanded that it be reopened.

In a call with his Iranian counterpart Abbas Araghchi, Wadephul stressed that Germany supported a negotiated solution but that “Iran must completely and verifiably renounce nuclear weapons and immediately open the Strait of Hormuz.”

Oil prices are currently about 50 per cent above pre-conflict levels, largely due to the supply snarls in the strait.

Suffocating the regime

The US president, who spent the weekend at his Mar-a-Lago resort in Florida, declined on Sunday to specify what could trigger new American military action.

But in his post, he said that “if in any way, this Humanitarian (ship-guiding) process is interfered with, that interference will, unfortunately, have to be dealt with forcefully.”

See also  Airlines reject fresh $11.50 NIS fee

Treasury Secretary Scott Bessent said the US naval blockade was only part of a broader economic embargo.

“We are suffocating the regime, and they are not able to pay their soldiers. This is a real economic blockade, and it is in all parts of government,” he told Fox News.

In yet more bellicose rhetoric, Mohsen Rezaei, a military adviser to Iran’s Supreme Leader Ayatollah Mojtaba Khamenei, said Iranian forces would sink US ships.

“The US is the only pirate in the world that possesses aircraft carriers. Our ability to confront pirates is no less than our ability to sink warships. Prepare to face a graveyard of your carriers and forces,” he posted on X.

AFP

Continue Reading

News

62 Nigerians held in Uganda denied legal access – Lawyer

Published

on

Fresh concerns have emerged over the detention of 62 Nigerians as Ugandan authorities allegedly denied the detainees access to legal representation, PUNCH Metro has learnt.

The Nigerians, said to be members of a Christian missionary group, Life Mission, were detained by immigration authorities over allegations of illegally operating churches.

The country’s Directorate of Citizenship and Immigration Control disclosed this in a statement posted on its X handle on Wednesday.

It was also learnt that the arrests were carried out during operations conducted on April 27, 2026, in Adjumani and the Bukoto–Ntinda area of Kampala.

However, in an exclusive interview with PUNCH Metro on Thursday, the executive director of the mission group, Michael ChristisKing, said the detainees were Christian missionaries engaged in a long-running cross-cultural outreach focused on humanitarian service.

ChristisKing also disclosed that the organisation followed due process before entering the country, adding that the group secured invitations and approvals from relevant authorities, including the Office of the Prime Minister, the Commissioner for Refugees, and the Born Again Fellowship of Uganda.

PUNCH Metro, however, learnt that efforts to check on their welfare and provide legal representation had been unsuccessful.

A Ugandan lawyer, Israel Mivule, who was contracted by the mission group, told PUNCH Metro on Sunday that he was denied access to the detainees during a visit to the facility on Friday.

He added that he made repeated efforts to speak with at least one detainee but was denied access.

He said, “I arrived at the detention facility in Namawme, a large compound with a high fence and a locked gate. After introducing myself as a lawyer acting on instructions, I was refused access and directed to return to Kampala to obtain permission from senior officials.

See also  Delta reviews dress code for civil servants, bans bushy beards, artificial nails

“I pleaded with the officer to allow me at least a one-on-one interaction with any of the detainees to assess their well-being, but he declined, saying granting such access could jeopardise his job.”

The lawyer stressed that the development was a clear breach of Ugandan constitutional provisions.

He further revealed that from his position at the gate, he could see the detainees moving within the facility, but observed that they were cut off from communication.

“As a lawyer, I emphasised that detainees have the right to legal representation and a fair hearing. Under Articles 50 and 51, they have the right to access their lawyers at any time. Denying them that access is a violation of their rights.

“From where I stood, I could see them moving around, but they had no access to communication devices such as mobile phones. Preventing them from communicating with their lawyers or even family members infringes on their fundamental freedoms,” he added.

Mivule said he was forced to leave after spending considerable time at the facility without gaining entry.

He disclosed that efforts were ongoing to secure the release of the detainees, noting that there were grounds to challenge their continued detention.

The lawyer also revealed plans to revisit the Ugandan Ministry of Internal Affairs and possibly escalate the matter to court if diplomatic efforts fail.

Speaking further on efforts made, Mivule said there had been initial collaboration with the Nigerian embassy, including discussions around possible waivers.

“There were discussions about payments and possible waivers requested from Internal Affairs, but if the embassy does not act promptly, we, as legal representatives, will formally write and escalate the matter to the courts to obtain an order for their immediate release,” he added.

See also  Abuja Hospital Speaks On Purported Leaked Medical Report Of Regina Daniels

He disclosed that the body assigned to monitor missionary activities in Uganda had expressed surprise at the development.

Mivule said, “One of the leaders responsible for overseeing missionary activities was unaware of their detention and expressed shock when I informed him. He acknowledged that urgent steps should be taken to resolve the matter.”

However, a document sighted by PUNCH Metro on Sunday showed that the National Fellowship of Born Again Pentecostal Churches in Uganda had formally acknowledged the mission’s activities in the country before their arrest.

In a letter dated August 15, 2025, and addressed to the Nigerian High Commission in Kampala, the fellowship confirmed that the mission, identified as Exalting Jesus Life Missions, was “well known” to the body.

The letter, signed by the General Secretary of the fellowship, Bishop Dr Africano Magyezi, stated that the organisation is a non-profit group granted permission to bring volunteer students to Uganda for missionary work, particularly among refugees in camps.

It read, “This is to confirm to you that the above-captioned ministry/mission is well known to us. They are a non-profit organisation that was granted permission to bring volunteer students on a mission to Uganda, ministering to refugees living in the refugee camps.

“They have been working in Uganda since 2023, carrying out those missions, and now they are coming to Uganda with a group of 107 Nigerian missionaries and other Ugandan volunteers. The Fellowship supports its members to upgrade their careers and statuses so as to participate better in community development.”

The fellowship further urged that any assistance rendered to the group in the course of its activities would be appreciated.

See also  Missing transformer: Owa Obokun removes Oba Odo of Ilesa, Gbadamosi

When contacted, the spokesperson for the Nigerian Diaspora Commission, Abdur-Rahman Balogun, could not be reached for comments as calls to his telephone line were not answered.

A text message sent to him had also not been replied to as of the time this report was filed.

punch.ng

FOLLOW US ON:

FACEBOOK

TWITTER

PINTEREST

TIKTOK

YOUTUBE

LINKEDIN

INSTAGRAM

Continue Reading

News

Xenophobia: 130 Nigerians sign up for South Africa evacuation

Published

on

At least 130 Nigerians have already registered for voluntary evacuation flights from South Africa as Nigeria moves to safeguard its citizens amid rising tensions linked to anti-foreigner protests in the country.

The Minister of Foreign Affairs, Bianca Odumegwu-Ojukwu, in a situation report via her X handle on Sunday, said the evacuation arrangement is part of broader diplomatic and security measures being coordinated with Nigerian missions in South Africa.

The minister explained that the evacuation plan follows directives from President Bola Tinubu, who ordered heightened monitoring of the situation and stronger protection for Nigerians abroad.

“The President has reiterated that the priority at this time remains the safety of our citizens,” she said, adding that “arrangements are currently underway to collate details of Nigerians in South Africa for voluntary repatriation flights for those seeking assistance to return home.”

Odumegwu-Ojukwu said, “So far, 130 applicants have duly registered for the exercise with our mission,” noting that the number is expected to increase as more citizens seek assistance to return home.

Odumegwu-Ojukwu also confirmed that the ministry had summoned South Africa’s Acting High Commissioner over the unrest, while diplomatic engagements continue with authorities in South Africa.

The development comes amid renewed anti-immigrant demonstrations in cities including Pretoria and Johannesburg, which Nigerian authorities say have heightened concern for the safety of their nationals.

“There is heightened anxiety over the series of anti-foreigner protests, also targeted at Nigerians in select cities in the Republic of South Africa in recent weeks,” the minister said.

See also  Abuja Hospital Speaks On Purported Leaked Medical Report Of Regina Daniels

She added that the President had “expressed grave concern on the situation following a briefing, and has called for more effective control of the situation by relevant host security services.”

Odumegwu-Ojukwu noted that while South African authorities, including President Cyril Ramaphosa and senior security officials, had condemned violence, disturbing images circulating online had fuelled international concern.

“The images pervading both mainstream and social media depicting violence, carnage and targeted xenophobic killings of foreign nationals and demonstrations characterised by xenophobic rhetoric, hate speeches and incendiary anti-migrant statements by the arrowheads of such rallies, have generated worldwide condemnation,” she stated.

According to her, protests held between April 27 and 29, 2026, were largely peaceful but still required heavy police deployment in the affected cities.

“The protests spearheaded by a local anti-migration movement, in Pretoria and Johannesburg, between 27 – 29 April 2026, witnessed a largely peaceful procession, under the presence of heavily armed police who occasionally sprayed teargas to deter the protesters from engaging in violent activity.

“There is no recorded killing of any Nigerian or destruction of Nigerian-owned properties during this particular protest,” the minister explained.

However, Odumegwu-Ojukwu confirmed two separate deaths involving Nigerians, both allegedly linked to interactions with security personnel.

“Amamiro Chidiebere Emmanuel died on 25th of April 2026 as a result of injuries sustained from brutal beatings by military personnel of the South African National Defence Force on 20th April 2026 in Port Elizabeth,” she said, referring to the South African National Defence Force.

She further disclosed that “Nnaemeka Matthew Andrew also died following an alleged interaction with members of the Tshwane Metro Police, and his body was discovered at the Pretoria Central Mortuary on 20th April 2026.”

See also  UN urges immediate release of 118 detained staff worldwide

Describing both incidents as unacceptable, Odumegwu-Ojukwu said, “This is utterly condemnable and unacceptable. The Nigerian High Commission is closely following investigations into these unfortunate incidents, and Nigeria demands justice be done in these cases.”

The minister added that another wave of demonstrations is expected between May 4 and 8, 2026, prompting further security and diplomatic coordination between both countries.

She stressed that Nigerian diplomatic missions are working closely with South African authorities to ensure the protection of citizens while evacuation preparations continue.

The minister further stated, “Nigeria is a frontline state which made great sacrifices towards the liberation struggles of South Africa, a fact which needs to be distilled down to the younger generation in South Africa.

“Nigerian lives and businesses in SA must not continue to be put at risk, and we remain committed to working with South Africa to explore ways to put an end to this xenophobic pattern.

“It has become a repetitive wave, most especially before elections in South Africa, and anti-foreigner opposition parties leverage this situation to garner votes.

“Nigeria recently signed a memorandum of understanding with South Africa on early warning to protect citizens of both countries, especially in times such as these.”

punch.ng

FOLLOW US ON:

FACEBOOK

TWITTER

PINTEREST

TIKTOK

YOUTUBE

LINKEDIN

INSTAGRAM

Continue Reading

Trending