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NITDA Counts on Gender Parity to Boost  GDP by 50%

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The National Information Technology Development Agency (NITDA) is of the opinion that enthroning gender parity in Nigeria’s digital space has the capacity to increase the Gross Domestic Product (GDP) by over 50 percent.

Director-General, NITDA, Kashifu Inuwa, took the stance on Friday at the closing ceremony of its ‘Fasaha Gina Mata, Gina Al-Umma’ digital skills programme in Abuja, held in collaboration with World Bank and Natview Technology.

The NITDA boss described the Fasaha Gina Mata Gina Al-Umma as a digital-skills training programme designed to equip young women with the relevant skills required to succeed in the digital world.

Biztellers reports that the four-day programme was held as part of the activities of the agency to celebrate 2023 International Women’s Day (IWD).

Inuwa cited a research report by Mckinsey Global Institute which stated that placing women together with their male counterparts would increase the global GDP to about $18tn in 2025.

In his words, “If Nigeria can position itself, we can be part of this, we can have Nigeria be part of the Gig economy and working remotely.

“We can be part of the global value chain working remotely from Nigeria for European countries, the US companies, Asian companies and programmes like this will help us achieve that.”

The DG also stated that they were initiating women-based programme to encourage more female participation in tech.

He revealed that from November 2022 to date, the NITDA had trained 226,000 young Nigerians on various digital skills with women representing only 28 percent of the figure.

The idea was to achieve 95 percent digital literacy by 2030, which was kick-started with the Gina Mata programme to train 800 young women in the pilot programme, Inuwa added.

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NNPC/Seplat JV’s “Eye Can See” Programme Restores Vision, Hope In Imo

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The NNPC Ltd/ Seplat Energy Joint Venture (JV) partnership has conducted a medical outreach, providing free eye health services to individuals with visual impairments in Ohaji/Egbema community of Imo State.

This was revealed in a statement in Abuja by the Chief Corporate Communications Officer. NNPC Ltd, Olufemi Soneye.

According to Soneye, through its “Eye Can See” programme, a Corporate Social Responsibility (CSR) initiative, the JV dispensed more than 10,000 reading glasses and successfully performed 639 eye surgeries, including cataract removals, for host community members who otherwise had limited access to such vital medical services.

ALSO READ: NNPC Confirms Petrol Purchase From Dangote In Dollars, Naira Transactions Commence Oct

The “Eye Can See” programme, which commenced in 2017, has been a beacon of hope in the eastern asset of the NNPC upstream investments, positively impacting over 20,000 people to date.

During the event, Chief Upstream Investment Officer of NNPC’s Upstream Investment Management Services (NUIMS), Bala Wunti, represented by Dr. Obinna Otuu, Manager, JV Asset B emphasized the significance of the initiative to NNPC Ltd’s corporate mission of enriching the lives of Nigerians.

Elaborating on the broader vision behind the programme, Wunti stated that the NNPC Ltd takes pride in being more than just an energy provider.

“We are a partner in progress, dedicated to making sustainable contributions to the communities that support us,” he added.

According to him, the “Eye Can See” initiative reflects “our belief that corporate structures can and should play a vital role in societal development.”

He noted that the programme goes beyond immediate medical care by educating individuals on lifestyle choices to prevent conditions like hypertension and diabetes, which can lead to permanent vision loss.

Expressing his appreciation for the support of the local government, beneficiaries, and NNPC Ltd’s partners, Wunti observed that together with Seplat, the National Oil Company is paving the way for a brighter future where access to essential health services is possible for all.

“This project is not just about restoring vision; it is about giving people hope and the opportunity to lead fulfilling lives. This year’s outreach in Ohaji/Egbema is a testament to the ongoing commitment of NNPC and Seplat to improve the quality of life in their host communities,” he affirmed.

The “Eye Can See” initiative has had a profound impact on the communities it serves. By providing free eye screenings, surgeries, reading glasses, and health education, the programme has transformed lives and restored hope to many who had been suffering from visual impairments.

The NNPC/Seplat JV remains dedicated to contributing meaningfully to Nigeria’s development through initiatives like the “Eye Can See” programme. The partnership is committed to expanding the reach of its CSR programmes, ensuring that even more people across Nigeria can benefit from the life-changing services.

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Sahara Group Foundation Unveils Global Extrapreneurship Model

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The social impact vehicle of energy conglomerate, Sahara Group, the Sahara Group Foundation (SGF), has unveiled its transformative Extrapreneurship strategy across Africa, Asia, Europe, and the Middle East.

Biztellers reports that the social impact strategy was aimed at driving integrated economic and community empowerment programs through collaborative partnerships and support for innovative as well as scalable business in the focus regions.

ALSO READ: Clean Cooking: Sahara Group Advocates Pan African Investment In LPG Infrastructure

Director, Governance and Sustainability, Sahara Group, Ejiro Gray, said in New York that the SGF had over the years implemented interventions focused on promoting the sustainable development goals, recording over two million beneficiaries across Sahara’s business locations.

According to Gray, the new strategy ensures the Foundation continues to actively drive the attainment of 11 of the 17 SDGs through “inclusive and progressive partnerships”.

“We are excited that with Extrapreneurship we can provide extra impetus to Africa’s march towards bringing sustainable development to African communities working through extrapreneurs, who through the support of Sahara Group Foundation can take their ideas and solutions to greater heights,” she said.

Similarly, Head of Programs at SGF, Chidilim Menakaya, expressed optimism that the EXTRApreneurship Strategy will promote economic growth in local communities through platforms that give entrepreneurs, social innovators, inventors, and small businesses access to honing their craft and scaling their businesses, “one community at a time”.

“Our Extrapreneurship model is designed to help Sahara Group Foundation play a key role as a bridge for economic empowerment and sustainable development by linking beneficiaries to sundry support platforms valued at 100 million USD, ultimately creating an ecosystem of collaborators working towards transforming Africa,” she said.

Menakaya noted that the SGF’s new model aims to prepare the entrepreneurial community for the future of work through the integration of artificial intelligence in the Extrapreneurship framework.

“These community entrepreneurs, or what we call EXTRApreneurs will not only drive forward thinking organizations but also empower ambidextrous individuals who are the backbone of the SME sector, a pivotal force for driving economic growth,” she added.

She revealed that the Extrapreneurship program would identify and support innovators, entrepreneurs, inventors and researchers who have developed proven sustainable products or solutions to everyday problems using locally available resources.

This will be done through financial, advisory and investment support as well as building business hubs within the community leveraging the business niche area of each community.

The SGF, she noted, will continue to drive its recycling initiative, an environmental sustainability and economic empowerment initiative that converts waste to wealth.

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Naira Strengthens Against Dollar, Ends Week On High Note

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The Nigerian naira appreciated further against the U.S. dollar in both the official and black markets, closing the week with significant gains.

Data from FMDQ shows the naira strengthened to N1631.21 per dollar on Friday, improving from Thursday’s exchange rate of N1659.26, marking a gain of N28.05.

In the parallel market, the naira also performed well, rising by N10 to N1670 per dollar on Friday from N1680 exchanged the previous day.

Related News: Naira Strengthens As Dollar Supply Rises By 147.66%

Despite a drop in foreign exchange transaction turnover, which fell from $450.39 million on Thursday to $238.36 million on Friday, the local currency’s appreciation underscores positive market sentiment.

These gains follow recent policy measures introduced by the Central Bank of Nigeria (CBN) aimed at stabilizing the naira.

Recall that on Thursday, the CBN introduced new FX code guidelines and electronic FX matching to reduce speculation and enhance market transparency.

As the week closes, traders and investors are hopeful that these interventions will continue to stabilize the naira amid persistent currency fluctuations in the forex market.

 

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