As a follow-up to activities in preparation for the Global Gender Investment Summit under the WADHI/EEFP Multi-Stakeholder Gender and Economic Growth Series, a high level roundtable dialogue on Expanding Gender Responsive Investment Initiatives for Economic Sustainability was held in the Nigerian Permanent Mission House, New York on the 20th of June, 2022.
In attendance virtually and in-person were participants drawn from the city of New York, Asia, the Nigerian Permanent Mission NY, CEDAW State Parties, the Federal Ministry of Women Affairs, the Federal Ministry of Industry, Trade and Investment, and various women groups.
The event was accompanied by a side exhibition within the Permanent Mission and was held to facilitate engagement with ministries and key partners in the economic empowerment drive for Nigerian and African women. The aim was to demonstrate affordable indigenous products, commodities, and innovation (including the Kowgo Application supported by the Herbert H. Humphrey Alumni Grant and the resulting Arahah market) realized through multi-sectoral initiatives.
The Roundtable also sought to explore business partnership opportunities that could leverage the African Continental Free Trade Area Agreement (AfCFTA) to boost manufacturing, agriculture, technology, ecommerce, trade and export hereby, fulfilling the aspirations of the Buenos Aires Declaration of 2017.
Trade policy for women took an international leap with the Buenos Aires Declaration on Trade and Women’s Economic Empowerment endorsed by over 120 countries at the 11th WTO Ministerial Conference of December 2017. The Declaration firmly acknowledged the importance of incorporating a gender perspective into the promotion of inclusive economic growth.
With the launch of trading under the African Continental Free Trade Area (AfCFTA) in January 2021, expectations are high with regards to expanded business prospects for women-led businesses. With the AfCFTA, informal, micro and small enterprises can be integrated into continental markets and thus break barriers that have so far mitigated growth as they strive to penetrate foreign markets.
In light of this, a Townhall meeting with the theme ” Buenos Aires Declaration: Pathway to Inclusive African Continental Free Trade Area Implementation in Nigeria ” was held at the National Center for Women Development in Abuja on the 14th of December 2021.
At that meeting, Nigerian women demanded that governments in Nigeria and across Africa, collaborate and ensure that WMSMEs participate equitably and inclusively in the African continental free trade agreement (AfCFTA) currently being implemented.
The Town Hall Meeting, organized by the Federal Ministry of Industry, Trade and Investment and Women Arise Development and Humanitarian Initiative (WADHI) with support from the Nigerian Export Promotion Council’s (NEPC) Export Expansion Facility Programme (EEFP) was convened to create awareness and start a discourse on how best Nigerian women can benefit from the newly implemented AfCFTA.
The Minister of State for Industry Trade and Investment, Amb. Mariam Katagum who was represented at the event by the Director of Commodities, Kaura Irimiya, stated that AfCFTA offers unparalleled opportunities for capacity building and access to markets and that businesses (WMSMEs included) will benefit from easier processes and opportunities in the overseas market. That as Nigeria strives to expand economic growth and move from recovery to prosperity, investing in women’s economic empowerment sets the compass in the right direction.
The Convener of Women Arise Development and Humanitarian Initiative (WADHI) Mme Esther Eghobamien-Mshelia, said the Townhall meeting was important, as women do more cross border trading, but have less access to credit, land and skills. Thus, they need to be given equal opportunity to maximize their full potential in trade and other economic activities, arguing that women had the capacity to provide the required solutions for nation building. She further added that, as an outcome of the Townhall, women groups will work to ensure that all identified trade gaps were effectively addressed
Nigeria Trade Office to the WTO, Geneva, in collaboration with Women Arise Development and Humanitarian Initiative (WADHI) side event on the margins of Aid for Trade Global Review.
The program and result showcase took place at room X3E/F WTO headquarters in Geneva.
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