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Thursday, March 7, 2024

Stakeholders seek responsive financing to end poverty

Gender-responsive financing holds the key to unlocking the full potential of women in Nigeria.

• March 7, 2024
International Women’s Day
International Women’s Day

Stakeholders have called for the implementation of gender responsive financing to end poverty and empower women in Nigeria.

They made the call at a one-day stakeholders forum to commemorate the International Women’s Day celebration with a theme “Invest in Women: Accelerate Progress” in Abuja.

Senior Special Assistant to the President on Women Affairs, Hajiya Fatima Abubakar-Faruk, noted the gender disparities in the country despite remarkable efforts to tackle it.

Ms Abubakar-Faruk, added that only 39 per cent of women in Nigeria have access to formal financial services compared to 48 per cent of men.

“Gender-responsive financing holds the key to unlocking the full potential of women in Nigeria. By ensuring women have equal access to financial resources, we not only promote gender equality but also drive sustainable development and inclusive economic growth.

“Let us unite, advocate, and take decisive action to make gender-responsive financing a reality in Nigeria. Together, we can create a future where Nigerian women thrive, contribute, and lead in all spheres of life,” She said.

She emphasised the need to provide more inclusive access to financial services and encourage gender equality in both public and private financing realms.

Executive Director, Development Research and Projects Centre, Dr Judith-Ann Walker, said gender equality, access to education for women and girls, digital literacy and agricultural engagement must be addressed.

Ms Walker, represented by President, Association of Women in Trade and Agriculture, Ruth Agbo, said, “dRPC is concerned about Women Economic Empowerment. We have women economic collectives and the concern is to keep advocating for these issues that affect women and national development.”

Also, Special Assistant to the President on Policy and Coordination, Haziza Bala-Usman, stressed the need for women to access financial resources, as they will prioritise investments that enrich their families and communities.

Ms Bala-Usman, represented by Zani Dogo said, “The importance of gender responsive financing and gender equality cannot be overstated in our pursuit of sustainable development. Nigerian women stand as indispensable catalysts propelling the growth, the progress and the sustainable development of our nation.

“Their resilience, resourcefulness and unwavering commitment to excellence serves as the bedrock upon which our collective aspirations for a brighter future are built.”

Minister of State, Federal Capital Territory, Mariya Mahmud, said, “As we reflect on the significant strides made toward gender equality and women’s empowerment, we must also acknowledge the persistent barriers. And challenges that continue to hinder the full realisation of women’s rights and potential.”

Other activities to mark the day were the unveiling of Hertechhub initiative and panel discussions on ending poverty and women empowerment; implementing gender responsive financing for women in Nigeria.

(NAN)

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