NEWS
ECOWAS, ECOBANK Unveil Empowerment Programme for Women Traders
The Economic Community of West African States (ECOWAS) in collaboration with ECOBANK Plc on Tuesday in Abuja unveiled a 6-month training programme for the empowerment of West African women traders.The programme seeks to empower women-led businesses by supporting and enhancing their growth, leveraging the African Continental Free Trade Area’s (AfCFTA) takeoff.
ECOWAS Commission President, Dr Omar Touray, while unveiling the programme, expressed the commission’s gratitude to Nigeria for its relentless contributions to the bloc’s regional integration agenda. Touray, represented by Mrs Massandjé Toure-Litse, ECOWAS Commissioner for Economic Affairs and Agriculture, also appreciated ECOBANK for partnering with ECOWAS to build the capacity of women traders to leverage market opportunities.“Today marks an important milestone in our commitment to empowering women in trade, addressing financial literacy needs, and advancing economic inclusion.“According to the World Bank, Micro, Small, and Medium Enterprises (MSMEs) constitute approximately 90 per cent of all businesses globally and contribute over 50 per cent of total employment.“In ECOWAS, MSMEs make up a significant portion of our economy, with women leading many of these businesses, especially in Small Scale Cross-Border Trade (SSCBT).“However, women-led businesses continue to face persistent challenges in accessing finance and expanding into new markets,” Toure-Litse said.The commissioner said that ECOWAS was committed to addressing the prevailing challenges and championing women’s economic inclusivity through strategic interventions within the framework of the ECOWAS Vision 2050.She said that it was against the backdrop of the vital role of women in economic activities within the subregion that the commission had embarked on some critical initiatives aimed at empowering women.Toure-Litse listed the initiatives to include the ECOWAS Trade and Gender Action Plan; the ECOWAS Regional Strategy for Implementing AfCFTA; and ECOWAS E-Commerce strategy, among others.She said the commission also recently embarked on training programmes for SSCBT by empowering over 800 informal traders, more than 70 per cent of whom were women.“The ECOWAS–Ecobank empowerment programme for Women Traders responds to recent recommendations from the Regional Trade and Gender meeting, calling for more robust training for women traders.“By equipping women entrepreneurs with financial knowledge, facilitating access to credit, and developing business skills, we are paving the way for these businesses to scale and expand across borders.“This programme offers participants training, mentorship, and networking opportunities along with financing options designed to facilitate access to credit for women,” she said.The commissioner explained that through such initiatives, ECOWAS anticipated a transformative impact on the businesses of women entrepreneurs, enabling them to unlock greater potential, and access larger markets.She said the pilot programme which would begin with Nigerian women beneficiaries, would later be replicated across other ECOWAS member states to reach about 800 women.“To all the women traders here today, I encourage you to seize this opportunity to equip yourselves with the tools necessary to scale your businesses and engage in regional trade and beyond.“When women thrive, communities prosper, and our economy becomes stronger,” she added.Speaking earlier, Mr Tunde Dawodu, ECOBANK Divisional Head, FCT and the North, said the bank was committed to supporting women entrepreneurs through its flagship ELLEVATE Programme and Single Market Trade Hub.Dawodu said the programme aimed to offer financing, mentorship and digital tools that would enable women to thrive in competitive markets, scale their businesses and enhance their access to regional markets.ECOWAS Director of Trade, Mr Kolawole Sofola, explained that the programme aimed at equipping the beneficiaries to scale their businesses, create jobs, and helping them to engage meaningfully in trade.Mr Tony Elumelu, ECOWAS Director of Investment, said the programme aimed at implementing the commission’s multifaceted initiatives aimed at women empowerment leveraging the recent takeoff of AfCFTA.Ms Nonye Ayeni of the Nigerian Export Promotion Council, said capacity-building, especially in good agricultural practices, packaging and export documentation were “crucial to helping women traders build sustainable businesses and access new markets.”Representatives from the Nigerian Export-Import Bank and the Nigeria Customs Service, who provided insights into the programme’s funding facilitation and export procedures, offered participants practical tools to efficiently navigate cross-border trade.Report says that participants will receive mentorship, training, and financial support after the programme, in line with ECOWAS’s Vision 2050 strategy to promote inclusive subregional growth and sustainable development.(NAN)
NEWS
Fuel Hike: Experts Seek Speedy Intervention of FG
Some Economic Experts on Thursday urged the speedy intervention of the Federal Government following the hike in the Pump Price of Premium Motor Spirit (PMS) by the NNPC Ltd..
Checks by our correspondent showed that barely three weeks after increasing the pump price, the NNPC Retail Outlets in the FCT on Tuesday increased its fuel pump price again to N1,060 per litre as against N1,030.
our checks also revealed that most filling stations operated by the major marketers retained their old prices.
TotalEnergies and Cornoil fuel stations opposite the NNPC Ltd. Towers still sell at N1,109, Ardova Plc. and NIPCO sell at N1,125 and N1,150 respectively, while Kopdem Nig Ltd.
sell at N1,170 without queues.An oil and gas expert who spoke under annonymity, said the change by the NNPC Ltd. while other marketers maintained their former prices signified that the NNPC Ltd. was trying to catch up with the existing price.
The expert urged the Federal Government to hasten intervention measures towards assisting common Nigerians to convert their vehicles to Compressed Natural Gas (CNG) to alleviate the suffering being experienced due to high price of fuel.
Also speaking with newsmen, Dr Chijioke Ekechukwu expressed worry over the adjustment of pump price, the third time in two months, adding that the increase in price was an additional stress to the hardship being experienced currently.
“We cannot over emphasise the impact these constant increases are having on the hardship being experienced by Nigerians currently.
“Disposable incomes have continued to be eroded, and the quality and standard of living are at their lowest ebb.
“I expect an urgent intervention in this regard to alleviate the sufferings of Nigerians,” he said.
Another expert, Mr Yushau Aliyu who decried inflation said the NNPC Ltd. would continue to adjust pump prices upward unless the domestic functional refineries registered their supply strategy.
“The NNPC Ltd. are bent on using inferior price models grossly influenced and guided by poor exchange rates regime and devastating inflationary measures,” he said. (NAN)
NEWS
Vet Doctor Calls for Law to Guide Abattoir Operations in Nigeria
Dr Mutiu Oladele-Bukola, Veterinary Doctor at the Institute of Agricultural Research and Training (IAR&T), Obafemi Awolowo University, Moore Plantation, Ibadan, has called on governments to institute laws guiding abattoir operations.
Oladele-Bukola made the call in an interview on Thursday in Ibadan.
He said that governments should also enforce absolute compliance to the law for a standard operation by the abattoirs.
He said that the waste management practices in many Nigerian slaughter houses were poor, posing public health and environmental hazards to inhabitants.
According to him, open dump waste disposal and direct disposal of effluents into water bodies are still common practices in many abattoirs.
“These practices expose inhabitants and neighbouring communities to pathogens, with great risks to public health.
“Bacteria and fungi break down these organic materials to produce biomass leading to cellular multiplication.
“Most abattoir effluents are channeled to surrounding water bodies, causing water pollution.
“Many communities in Nigeria get their drinking water directly from rivers and streams that receive these effluents from abattoirs,” he said.
The veterinarian added that these water bodies also served as sources of water for farming activities, exposing plants and animals to pathogenic microbes.
“Polluted animals can lead to food-borne diseases, which could be life-threatening, especially in immune-compromised individuals,” he said.
Oladele-Bukola emphasised the need for improved sanitary conditions and optimal waste management in abattoirs across Nigeria.
He advocated a robust and holistic review of the policies and legislative framework guiding abattoir activities and management in the country.
“Efforts must be made to expedite the passage, and enforcement of the Meat Inspection and Hygiene Act, currently before the National Assembly.
“The said Act should also be reviewed to accommodate expert views on contemporary methods of waste management.
“New policies should reflect and enforce modern standards of waste treatment and disposal in line with global best practices.
“The traditional practice of floor slaughter and carcass dressing should be replaced with the rail system which ensures minimal carcass contamination,” he added.
Oladele-Bukola equally called for improved technology for waste treatment and energy conversion.
He stressed the importance of training for veterinary officers, butchers and abattoir staff for an acceptable level of hygiene and waste management.
“To attract individuals with a good level of formal education to the sector, government and major players must make abattoir jobs socially and economically appealing.
“Proper implementation of waste management systems, education of abattoir workers and enforcement of regulations and compliance to international standards, would contribute to the promotion of both public and planetary health,” Oladele-Bukola said. (NAN)
NEWS
Minister Appoints Kingsley Igwe, CRFFN Registrar
The Minister of Marine & Blue Economy, Alhaji Adegboyega Oyetola, has approved the appointment of Mr Kingsley Igwe as Registrar of Council for the Regulation of Freight Forwarding in Nigeria (CRFFN).
Mr Ismail Omipidan, the ministers spokesman, said this in Statement to newsmen on Thursday in Lagos.
Oyetola said the appointment was part of efforts to reposition CRFFN for better efficiency and management.
He said that Igwe, who was also the National Secretary, National Association Government Approved Freight Forwarders (NAGAFF), took over from the acting Registrar, Mrs Chinyere Uronta.
The appointment was announced in a letter signed on behalf of the Minister by the Director, Maritime Services, Mr Babatunde Sule.
Oyetola said that his appointment was in accordance with the relevant provisions of CRFFN Act 2007 for a duration of four years in the first instance.
He said that Igwe, from Imo State, had Master’s degree in Transportation and also an active member of the CRFFN.
The Minister stated that the appointment was with immediate effect.
Report says that in August 2024, Igwe was the best performing participant at a CRFFN training supervised by the Minister in Lagos.
It would be recalled that the Council had been enmeshed in crisis of confidence and insolvency, leading to its inability to pay salaries since January 2024.
However, Oyetola has stepped in to arrange a bailout loan for the payment of salaries till August. (NAN)