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IWD 2023: CBN Gov Emefiele Advocates Gender Parity

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By Tony Obiechina,  Abuja 

The Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, has felicitated Nigerian women and called for more engaging conversations on how women can leverage technology and innovation to bridge the digital gender gap. 

Mr.

Emefiele, in his keynote address at the CBN IWD webinar to commemorate the International Women’s Day Celebration on Thursdayvnoted that digital financial services had become a critical dependency in the economy, providing vast opportunities to bridge the digital gender gap, drive financial inclusion and increase employment and economic opportunities for women.
 

He reiterated the CBN’s commitment to promoting gender equality and financial inclusion among women through such policies as the Micro Small and Medium Enterprises Development Fund (MSMEDF), which dedicates 60 per cent of the funding under the scheme to women-owned enterprises, the Framework for Advancing Women’s Financial Inclusion in Nigeria, which seeks to address gender gaps in access to finance, targeted onboarding of women on its central bank digital currency, the e-Naira, amongst others.

Speaking on the theme of the celebration, “Digitise Her: Bridging the digital gender gap for financial inclusion and sustainable growth”, Mr. Emefiele attributed the successes recorded by the Bank to the hard work, resilience, and commitment of the female staff.

Mrs. Aishah N. Ahmad, the Deputy Governor, Financial System Stability (FSS), who hosted the Coffee Table Chat with Dr. Omobola Johnson, called for broad private and public sector commitment to gender parity and ensuring that women, youth and rural dwellers have access to digital financial services.

Mrs. Ahmad noted that despite increased digital mainstreaming, women were less likely than men to have access to technology, creating a digital gender gap which perpetuates women’s economic exclusion.  She reasoned that digital innovation could be the missing link and a winning strategy for fixing the parity problem and deepening access to financial services.

In her interventions, the Special Guest Speaker, Dr. Omobola Johnson, a Senior Partner with TLcom Capital and Nigeria’s pioneer Minister of Communications Technology, emphasized that inclusive innovation that is gender sensitive was critical to reducing the gender exclusion gap. 

Dr. Johnson also advocated for a catch-them-young strategy to encourage females to pursue careers in technology and the establishment of special funds for female led tech businesses to achieve greater participation in the digital economy.

She particularly underscored the importance of making Science, Technology, Engineering and Mathematics (STEM) education attractive for girls by showcasing role models in the sector. She highlighted the potential for digital financial services to enable not just financial services but important interventions in health, agriculture and SMEs. She, therefore, urged men to be deliberate in mentoring high-achieving women and their daughters in their pursuit of male-dominated careers like STEM.

Also speaking, the Minister of State for Industry, Trade and Investment, Mariam Katagum, equally stressed the need for women to learn digital skills to participate effectively alongside their male counterparts in digital financial services. 

Whilst commending the CBN for its efforts at enhancing financial inclusion, she disclosed that CBN and some agencies of government, such as the Bank of Industry (BOI), Industrial Training Fund (ITF), and the Small and Medium Enterprise Development Agency of Nigeria (SMEDAN), have special funds that women can access for support.

Discussions during the panel session at the webinar focused on the strategic role of digital technology and targeted-out-of-the-box approaches to closing the digital gender gap, guaranteeing women’s access to the digital economy and improving digital financial inclusion and broad-based economic participation of women.

Speakers at the session, which was moderated by Mr. Chibuzo Efobi, Director of Financial Policy and Regulation CBN, included Mr. Roosvelt Ogbonna, Managing Director Access Bank Ltd; Wendy Teleki, Head Women Entrepreneurs Finance Initiative (We-Fi) Secretariat World Bank Group; Dr (Mrs.) Markie Idowu, MD/CEO of Xpress Payment Solutions Limited; Mrs. Farida Yahya, Vice President, Partnerships Shecluded; and Mrs Hawwau Gambo, Assistant Director and Head of Media Relations, Nigeria Deposit Insurance Corporation. 

The webinar had in attendance more than 1,000 participants across diverse sectors of the Nigerian economy, including other Deputy Governors and departmental Directors of the Bank.

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Pension Fraud: Otti Vows to Prosecute Suspects

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Gov. Alex Otti has vowed that anybody implicated in the mismanagement or theft of pension funds in the state will face prosecution.

Otti made the remark during the November edition of the monthly chat with the media at the Government House, Umuahia on Thursday night.

He said that recent investigations revealed that some civil servants were involved in pension fraud.

He said that the government would work diligently to investigate and hold accountable anyone involved in pension fraud as part of the efforts to sanitise the civil service.

“I am sure you would have heard some reports about some civil servants who were involved in pension fraud.

“We have zero tolerance for corruption, once we got convincing information we had to arrest the people involved.

“Coincidentally, the opposition went on air to castigate the government.

“My question is somebody stole and I arrested him and you went to press to say that I shouldn’t arrest a thief, that means you are a thief yourself.

“I think we have responded to them and we are continuing with their prosecution,” Otti said.

He said that he received a report of the investigation from the security agency handling the matter and  authorised that the perpetrators  should be arraigned in the next few days.

On health, he said that the government would soon commence the rehabilitation of the Primary Healthcare Centers (PHC) in the state to improve access to quality healthcare services.

“I have just signed off the reconstruction of about 200 primary healthcare centers in the three senatorial districts and 17 Local Government Areas.

“If you look around you will see that work would start in the PHCs.

“When we are done with the approved 200, we would move to the next 200, until we have touched every primary healthcare center,” the governor said.

He further said that the government had commenced the rehabilitation of 22 secondary healthcare centers across the state.

According to him, government was making serious efforts to attract the right personnel to work in the state-owned health facilities and pay competitive compensation package to all of them.

Otti also spoke on road construction, saying that contract had been awarded for the reconstruction of some roads to further drive socioeconomic development in the state.

He listed the roads to include the 5.5-km Onuimo-Abia Tower Road, 29-km Onuinyang-Okporoenyi-Oboro-Ikwuano Road, 11.5-km Ntigha-Mbawsi-Umuala Road and 11.1-km Obehie-Umudobia-Owaza Road.

Other roads are the.11.7-km Mbala-Umuaku-Ngodo Road, Umuogo-Nsukwe Ring Road,13-km Ohanze-Ntighauzo-Obete-Umuoha-Obende-Akirikaobo Road and  6.92-km Umuopara Ring Road.

On agriculture, he said that he had approved the disbursement of funds to the 300 Abia youths sponsored by the government for training on improved agricultural practices.

“I have just given instructions that the funds we approved for them be released to them so that they can hit the ground running,” Otti said.

He affirmed his administration’s commitment to infrastructure development and capacity building in order to enhance growth in the various sectors of the state’s economy.

On economy, Otti said that the government had made significant improvements in enhancing the ease of doing business in the state.

“The National Bureau of Statistics published a report that showed that our state came from number 27 in terms of attraction of foreign investment to number three out of 37, immediately following Lagos and Abuja.

“We think between June 2023 and June 2024, our state attracted almost $150.9 million to place 3rd.

“We have always said that foreign investment as a matter of fact is not emotional but rational, so investment and investors don’t listen to platitudes they look at action,” he said.

Otti expressed his determination to continually work toward creating an enabling environment that will make Abia to remain a choice destination for investors. (NAN)

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Lawmaker Seeks Punishment for Individuals, Involved in Charging Minors with Treason

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The Minority Caucus of the House of Representatives has called for severe punishment for individuals involved in charging the 76 minors with terrorism, treason and arson for participating in the #EndBadGovernance protest.

In a statement by the Minority Leader, Rep. Kingsley Chinda (PDP-Ricers) also demanded for adequate compensation for the children and their families for the trauma.

Chinda commended President Bola Tinubu for being responsive to calls by Nigerians, and the Iinternational community for the termination of the suit and the release of the children.

“While we commend the President for the timely intervention, the caucus strongly canvass the possible  investigation, prosecution, and discipline of individuals, and government agencies involved in the despicable, callous, and inhuman action that has led to national disgrace, and global condemnation.

“Anybody, and institution that played roles in the hounding of the children into cells for about 95 days when they should be at their respective schools, trades, and vocations must be brought to book for necessary public umbrage, and punitive measures discharged to serve as detterent to others.

“Conscious of the psychological trauma, and health challenges the children may have experienced, we appeal that quality reformatory therapy sessions, and medical support be advanced to them as they unite with their respective families.

“Also, we call for immediate reparation packages to the children and their families to ameliorate the untoward hardship, pain, and emotional torture suffered during the period of unlawful incarceration,” he said.

The #EndBadGovernance protest which began in Aug. 1,  and lasted for 10days, was characterised by destruction of public and private property and some protest in north were seen hoisting Russian flags.

The security agencies in attempt to bring the situation under control, arrested and detained some protesters which included children.

The minors’ arraignment sparked public outrage and criticism of the government after they were paraded in court .

President Tinubu directed that all minors detained during protests against the rising cost of living in August be freed and treason charges on Monday.

Report says that on Nov. 5, the Federal High Court in Abuja struck out the treason charges against the minors.

The trial judge, Obiora Egwatu, struck out the case after the Director of Public Prosecutions of the Federation  M.D. Abubakar, announced the withdrawal of the charges.(NAN)

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NEMA Distributes Relief Items to Victims of Flood in Rivers

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The National Emergency Management Agency (NEMA) has released relief items to victims of flood in Ahoada West Local Government Area of Rivers.

Mr Adebiyi Razak, South-South Zonal Coordinator of the agency handed over the items to the state government at Akanima in Ahoada West.

Razak said the items represented federal government intervention and response to the plight of the numerous households displaced by the disaster.

”We have handed the items to the state government through the Commissioner for Special Duties, Mr Sam Anya, and we are optimistic that the distribution will commence immediately since there is an already established flood committee in the area.

”The committee has the itinerary items and names of persons in each of the camps, with this record, every household consisting of six family members is entitled to a basket of various items.

”The items include a 50kg bag of rice,1 bag of garri, cooking oil, sanitary wares, camping foam, blanket, bucket amongst others,” Razak said.

Receiving the items, the commissioner thanked the federal government for the intervention and sustained support to the state.

Anya assured beneficiaries of judicious distribution of the items.
The commissioner said that the state would embark on massive dredging of waterways and desilting of drains to curb flood impact in the state.

One of the victims, Mrs Codilia Festus also thanked the federal government for the intervention which she said would go a long way in reducing their suffering. (NAN)

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