Business
Centre Plans Male-Inclined Skills For Women
The Director-General, Na
tional Centre for Women Development (NCWD), Ms Onyeka Onwenu, said the centre would soon introduce male dominated trades into its skills acquisition programme.
Onwenu told newsmen in Abuja that the center will include such skills regarded as the unusual skills for women.
She listed the skills as carpentry, tiling, plumbing, mechanic and welding, among others.
She said that although people generally believe that such skills were exclusively for men because they require much vigour, but there were still women who are ready to embrace them.
“We know that individuals have their idea about carpentry, tiling, plumbing and the rest of such skills as which belong to the men, but it is weird if women do them too.
“In fact, we want to train women even to drive lorries because we already have those of them who drive commercial vehicles.
“When we have the women trained in these skills, you will be surprised that people will patronise them more bearing in mind that they could trust what they will come up with,” she said.
The director-general said that the centre would engage the services of organisations that would assist in the training of these women.
She added that these organisations would train the women to be acquainted with what was required of such skills.
However, Onwenu said that funding was a very big challenge to attaining the introduction of these programmes.
“We really want to empower so many women so that we can save the posterity of our dear nation.
“But to achieve this, we require funding because to empower women you need to be equipped to come up with results.
“If our scope of accessing funds is widened, it will enable us to engage more women to acquire these skills.
“People are saying that there are no jobs but let me assure you that jobs are everywhere, but our people are not challenged towards acquiring these skills that will earn them a living,” said Onwenu. Besides, Onwenu disclosed that the centre was collaborating with United Nations agencies to assist them develop more programmes that could empower women in the country.
She urged non-responsive UN agencies to speed up their intervention for the benefit of Nigerian women.
“We have been seeking assistance from the UN agencies but their responses have not been encouraging.
“Some of them are yet to believe and trust in what we can do and the specific areas the centre can channel its activities.
“They believe that the centre should be working hand-in-hand with the Ministry of Women Affairs and Social Development and they tend to address us from the ministry.
“They concentrate on the ministry and overlook what we do.
“Some of them actually assist but before they come up with what they have, the centre already owes because we urgently need to implement our programmes.
“They take as long as one year before they respond to our needs meanwhile it is an assistance we need within a short period,” the director-general said.
She reassured that the activities of the centre have been fortified with so many women who have benefited from its various skills acquisition programmes.
Onwenu also called on international organisations to support the activities of the centre, adding that the programmes were driven to empower rural women.
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Business
Banks Must Back Innovation, Not Just Big Corporates — Edun
Edun made the call while speaking at the 2025 Fellowship Investiture of the Chartered Institute of Bankers of Nigeria (CIBN) in Lagos, where he reaffirmed the federal government’s commitment to sustaining ongoing reforms and expanding access to finance as key drivers of economic growth beyond four per cent.
“We all know that monetary policy under Cardoso has stabilised the financial system in a most commendable way. Of course, it is a team effort, and those eye-watering interest rates have to be paid by the fiscal side. But the fight against inflation is one we all have to participate in,” he said.
The minister stressed the need for banks to broaden credit access and finance innovation-driven enterprises that can create jobs for young Nigerians.
“The finance and banking industry has more work to do because we must finance their ideas, deepen the capital and credit markets down to SMEs. They should not have to go to Silicon Valley,” he said.
The minister who described the private sector as the engine of growth, said the government’s reform agenda aims to create an enabling environment where businesses can thrive, access funding, and contribute meaningfully to job creation.
Business
FG Seeks Fresh $1b World Bank loan To Boost Jobs, Investment
The facility, known as the Nigeria Actions for Investment and Jobs Acceleration (P512892), is a Development Policy Financing (DPF) operation scheduled for World Bank Board consideration on December 16, 2025.
According to the Bank’s concept note , the financing would comprise $500m in International Development Association (IDA) credit and $500m in International Bank for Reconstruction and Development (IBRD) loan.
If approved, it would be the second-largest single loan Nigeria has received from the World Bank under President Bola Tinubu’s administration, following the $1.5 billion facility granted in June 2024 under the Reforms for Economic Stabilisation to Enable Transformation (RESET) initiative.
The World Bank said the new programme aims to support Nigeria’s shift from short-term macroeconomic stabilisation to sustainable, private sector–led growth.
“The proposed Development Policy Financing (DPF) supports Nigeria’s pivot from stabilization to inclusive growth and job creation. Structured as a two-tranche standalone operation of US$1.0 billion (US$500 million IDA credit and US$500 million IBRD loan), it seeks to catalyse private sector–led investment by expanding access to credit, deepening capital markets and digital services, easing inflationary pressures, and promoting export diversification,” the document read.
The document further stated that Nigeria’s private sector credit-to-GDP ratio stood at only 21.3 per cent in 2024, significantly below that of emerging-market peers, while capital markets remain shallow, with sovereign securities dominating the bond market.
To address these weaknesses, the DPF will support the implementation of the Investment and Securities Act 2025, operationalisation of credit-enhancement facilities, and introduction of a comprehensive Central Bank of Nigeria rulebook to strengthen risk-based regulation and consumer protection.
The operation also includes measures to deepen digital inclusion through the passage of the National Digital Economy and E-Governance Bill 2025, which will establish a legal framework for electronic transactions, authentication services, and digital records.
Beyond the financial and digital sectors, the programme targets reforms to lower production and living costs by tackling Nigeria’s restrictive trade regime. High tariffs and import bans have long driven up consumer prices and constrained competitiveness, particularly for manufacturers and farmers.
Under the proposed reforms, Nigeria would adopt AfCFTA tariff concessions, rationalise import restrictions, and simplify agricultural seed certification to increase the supply of high-quality varieties for maize, rice, and soybeans. The World Bank projects that these measures will help reduce food inflation, attract private investment, and enhance export potential.
The operation is part of a broader World Bank FY26 package that includes three complementary projects—Fostering Inclusive Finance for MSMEs (FINCLUDE), Building Resilient Digital Infrastructure for Growth (BRIDGE), and Nigeria Sustainable Agricultural Value-Chains for Growth (AGROW)—all focused on expanding access to finance, strengthening institutions, and mobilising private capital.
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