TEF, ITC Commit to Promote Women in Global Trade

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The founder, Tony Elumelu Foundation (TEF), Mr. Tony Elumelu joined the First Lady, Mrs. Aisha Buhari and wife of the Vice President, Mrs. Dolapo Osinbajo at a forum and exhibition on Nigerian Women in Export, which was held in Abuja.

Themed ‘Achieving Zero Oil Growth through Women Inclusiveness in Global Export Trade,’ this year’s stakeholders forum and exhibition was organised by the Nigerian Export Promotion Council and the International Trade Center (ITC) in Geneva. The Women in Export Stakeholders Forum and Exhibition seeks to increase economic empowerment of women through trade via the ITC’s SheTrades Initiative. The goal of this initiative is to connect one million women to the international market by 2020.

The keynote addresses at the forum were delivered by Mrs. Buhari and the Executive Director of the International Trade Centre (ITC), Ms. Arancha Gonzalez.

In her opening remark, the president’s wife stated: “Nigerian women are extremely hardworking. We only need a little push, and this is the time.”
She further called on the public sector to support in a bold statement, saying “I would like to lead a call to the Federal Government to assign 20per cent of public procurement to women-owned businesses.”

On his part, Elumelu, who is also the Chairman of Heirs Holdings, United Bank for Africa and Transcorp Plc stated that the capacity of women in the private sector to contribute to the development of the country was underestimated. He validated this remark by sharing the significant value created by the female beneficiaries of the $100 million Tony Elumelu Foundation Entrepreneurship Programme, who are impacting their communities in many ways.

“Africa is in need of economic and social development and investing in women is one of the smartest ways to go about it. It is for this reason that the SDGs have focused on women empowerment as a necessary commitment in alleviating poverty,” said Elumelu as he addressed the audience made up primarily of women from diverse backgrounds.

“When a woman does well, her entire family does well. We need to put women first. I am proud to say that full and equal participation of women is an important internal objective of the Tony Elumelu Entrepreneurship Programme.”

Representing the private sector, Elumelu was joined by Mrs. Buhari and Mrs. Osibanjo, where he signed a Call-To-Action through partnership with The Tony Elumelu Foundation and Africa’s global bank, UBA, to achieve the following: drive up the statistics of female participation in the Tony Elumelu Entrepreneurship Programme from 70:30 (male/female) representation in 2016 to 60:40 in 2017 and 50:50 by the year 2020; and commission the production of in-depth research publications and case studies focused on solutions to unique challenges facing women entrepreneurs.

Other dignitaries present at the forum included Minister of Women Affairs, Senator Aisha Alhassan; Minister of State, Federal Ministry of Industry, Trade and Investment, Ms. Aisha Abubakar and, Executive Director/CEO, Nigerian Export Promotion Council, Olusegun Awolowo.