Nigeria Targets $230bn In GDP Growth From Women’s Participation

The director general, National Information Technology Development Agency(NITDA), Kashifu Inuwa, has disclosed that Nigeria can potentially and significantly gain $230 billion in GDP growth by 2025, if equal participation of women in the digital economy is prioritised.

Quoting the statistics made available by the Council on Foreign Affairs, Inuwa revealed that, women’s participation in all sub-sectors of the digital economy is equivalent to men’s participation, and the country stands to gain a whopping 230 billion USD in GDP growth by the year 2025.

Inuwa made this statement at the stakeholders’ press briefing organised by the ministry of Women Affairs in commemoration of the 2023 International Women’s Day, with the theme ‘DigitALL: Innovation and Technology for Gender Equality.’

Represented by his special assistant on Strategy and Innovation, Mrs. Iklima Musa Salihu, Inuwa stated that. in 2021, the UN estimated that Nigeria’s female population was 104 million; as Africa’s largest economy, Nigeria has much to gain by facilitating the inclusion of women in technology industries and bridging the digital divide.

The DG said NITDA has, over the years, been implementing several strategic programmes and initiatives which have seen an investment of $4.4 billion. in the last four years, adding that, “the National Digital Economy Policy and Strategy (NDEPS) which NITDA is primarily implementing has the objective of bridging the digital gender gap by ensuring that the digital skills training programmes incorporate children, women, internally displaced persons, and the physically challenged.

RELATED

FirstBank Partners UNGC To Bridge SDG Financing Gap

12 hours ago

Stockbrokers To Discuss Economic Growth Strategies

12 hours ago

“In fulfilment of this strategy, we have taken many steps to drive our nation’s prosperity by boosting digital innovation for women, creating an enabling environment that maximizes the potential of all Nigerian women, promoting their ability to contribute to the economy, and ensuring their improved quality of life and well-being.”

He highlighted some of the key initiatives designed to support technology innovation including the Technology Entrepreneurship and Innovation Support Scheme (TIES); Idea Hatch (iHatch); Bridge to MassChallenge Nigeria and MIT-REAP Abuja, which has translated into establishment of vibrant innovation ecosystem and creation of 33,500 direct and indirect jobs in 2020.

In a bid to support digital literacy in women, we have conducted capacity-building programmes on ICT and entrepreneurship for 360 women in the various geopolitical zones, the DG said, adding that, implementation of the Digital Literacy initiative increases women’s awareness, knowledge, and use of business tools that can help promote their entrepreneurial and career pursuits, increase distance learning and distance work programmes and opportunities, as well as financial inclusion.