Home Business Economy FG Targets Empowerment Of 10m Women To Achieve One Trillion Dollar Economy Ambition
Economy

FG Targets Empowerment Of 10m Women To Achieve One Trillion Dollar Economy Ambition

Share
Share

FG Targets Empowerment Of 10m Women To Achieve One Trillion Dollar Economy Ambition

The Federal Government has announced activating the economic empowerment of at least 10 million women to achieve its one trillion dollar economy ambition.
The Minister of Women Affairs and Social Development, Imaan Sulaiman-Ibrahim, disclosed this at a high-level sideline event of the 2025 United Nations General Assembly in New York, U.S.A
The event is themed “Scaling Women’s Economic Empowerment: Financing Inclusive Growth for Peace, Development, and Human Rights—Lessons from Nigeria for Women Project. “
Speaking at the event, the minister said economic empowerment is being achieved through targeted projects, initiatives, programmes, and interventions focused on women.
She said that one of the key vehicles being utilised for the empowerment is the Nigeria for Women Project
According to her, NFWP, under the leadership of President Tinubu, is currently the nation’s most significant women’s economic empowerment platform.
In phase one, we mobilised over 460,000 women into Women Affinity Groups across multiple states.
“These groups have collectively saved an average of N4.9 billion of their own money and have inter-loaned significantly to expand businesses, cover health costs, and pay school fees.
” In addition, over 330,000 women have accessed livelihood grants, while thousands have been linked to formal financial institutions, national ID, and health insurance schemes,” she said.
The minister said after the successful pilot launch in six states, the ministry had scaled up and opened up to all states.
“It is critical to highlight that while this model borrows from the most successful global experiences, we have wholly adapted it to Nigerian realities.
“The Women Affinity Groups that are created under the programme have become platforms of voice, social capital, and economic agency.
“They are changing the texture of communities, lowering household vulnerability, and strengthening our democracy from below,” she said.
The minister told delegates and partners at the event that the ministry realised that “investing in women’s entrepreneurship will transform not just incomes but also nutrition, education, and community stability.
She said based on that understanding, the government consolidated its empowerment approach into a single delivery architecture that integrated agriculture, clean energy, logistics, digital access, and mobile services, amongst others.
“We call this the Renewed Hope Social Impact Interventions – 774 (RH-SII774).
“This programme is envisioned as a transformative, gender-responsive initiative that will directly impact over 50 million women, children, families, and vulnerable persons across all 774 Local Government Areas of the Federation.
It provides a unified national platform to tackle systemic issues such as gender inequality, family instability, digital exclusion, child vulnerability, and economic disempowerment.
” It is a full-scale transformation of how social protection and women’s economic empowerment are delivered in Nigeria,” she said.
Other dignitaries at the event included Plateau Governor, Gov. Caleb Mutfwang, Benue State Governor, Hyacinth Alia, Minister of Housing and Urban Development, Ahmed Dangiwa and the First Lady of Zamfara State, Hajiya Huriyya Lawal.
The Charge d’Affaires at the Permanent Mission of Nigeria to the United Nations, Samson Itegboje, and Prof. Kabir Mato were also at the event.
Recall that the President Tinubu’s administration has set a target for Nigeria to become a US$1 trillion economy by 2030.
This goal is part of his administration’s broader “Renewed Hope Agenda’ economic plan under a policy called “Nigeria First”.
The Vice President, in April, inaugurated the Interministerial Committee to drive the process of achieving the goal.

Share

Businesstoday Magazine

Businesstoday Conference/Awards

Related Articles

Nigeria’s Economy Strengthened As FG Launches Strategic Livestock Growth Plan

The Economic Management Team, chaired by the Honourable Minister of Finance and...

Nigeria, Saudi Arabia Fortify Economic Partnership At Money20/20 Middle East Conference

In its renewed determination to reposition the nation’s economy and attract Foreign...

Lagos Seeks Partnership With Georgia in infrastructure, healthcare, technology, creative industries

Lagos State Governor, Mr Babajide Sanwo-Olu, has expressed the readiness of the...

FG Disburses N330 billion To Vulnerable Nigerians- Wale Edun

The Federal Government has disbursed N330 billion in cash transfers to poor...