The European Union and the United States have pledged support to Nigeria in its bid towards bridging gender inequality in the country.
Gender inequality in Nigeria may be taking away some revenue from the country.
Experts say an estimated 9.3 billion dollars may be lost in earnings based on gender gaps in agricultural productivity, wage earnings and Femme profits.
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The first ever gender Summit organised by the Nigerian Economic Summit Group is seeking to establish transformative ways of achieving gender equality.
Nigeria is one of the countries with the highest gender disparity, statistics say it is among the 10 percent of countries with the highest levels of gender inequality. Even with several gender discusses, achieving gender equality in Nigeria remains a tall order.
Nigeria’s economy is said to have the capacity to grow by up to 1.25 percent and GDP could hit 229 billion dollars by 2025 if Nigeria could reduce gender inequality in its labor market, in economic participation and in political representation.
In her keynote speech, the US Ambassador to Nigeria, Mary-Beth Leonard said even in education, women’s literacy rate in Nigeria is 20 lower than men’s and women also earn 22 percent less than men.
The U.S promised to work with NGOs to reduce the prevalence of gender violence and support women to achieve greater productivity and full gender inclusivity in Nigeria.
The U.S agency for International Development, USAID Five-Year Plan that began in 2020 highlights gender inclusion as a cross-cutting issue required to achieve Nigeria’s development objectives.
British High Commissioner to Nigeria, Catriona Laing added the COP27 which was launched with a very large program of 98 million dollars is designed to support livelihoods but particularly with female entrepreneurs who are struggling to adapt their farming methods to climate change.
With this information and data reeled out, it is certain Nigeria will be economically better if women are included not just in
the leadership roles but also in decision-making processes.
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