Nigeria Empowers Women Entrepreneurs for AfCFTA Success

Nigeria is taking steps to leverage women's entrepreneurial capabilities to strengthen its leadership role in the African Continental Free Trade Area (AfCFTA). During a colloquium held at the National Assembly Library Complex in Abuja, Dr. Jumoke Oduwole, the Minister of Industry, Trade and Investment, emphasized the importance of women in driving economic growth and competitiveness.

She highlighted that Nigeria's goal within the AfCFTA is to become a manufacturing hub rather than merely a consumer market. Currently, manufacturing contributes 13-14% to Nigeria's GDP, compared to 20-25% in industrialized economies, indicating a significant opportunity for growth.

Women-led micro, small, and medium enterprises (MSMEs) play a crucial role in this landscape, generating approximately $15 billion annually. Imaan Sulaiman Ibrahim, the Minister of Women Affairs, reiterated that integrating women into the economy is vital for national and continental trade frameworks.

The event also featured remarks from Mr. Didi Esther Walson Jack and Amb. Nura Abba Rimi, who underscored the importance of women's contributions to industry and trade.