Fidelity bank banner UBA banner
Anambra first lady pushes for Pan-African response to women empowerment

By News Express on 04/10/2016

Share on facebook Yahoo mail icon Gmail icon Share on Google+

Views: 1,853


The wife of the Governor of Anambra State, Chief (Mrs.) Ebelechukwu Obiano, has called for the adoption of a pan-African approach to women empowerment in order to boost financial inclusion.

Mrs. Obiano who is the founder of Caring Family Enhancement Initiative (CAFÉ) an NGO, made the call in a paper titled “From Exclusion to Inclusion: Country Level Initiatives Towards Financial Inclusion; A Nigerian Perspective,” presented at the 4th Gender Equality for Sustainable Development Conference held September 27 – 29 at Nairobi Hilton, Kenya.

Represented by the Commissioner for Social Welfare, Children and Women Affairs, Hon. Dr. Victoria Chikwelu, and Senior Special Assistant to the Governor on Media, Hon Emeka Ozumba who made a joint presentation in which the wife of the governor stated that though there might be minor differences, cultural barriers to financial inclusion are largely the same across Africa.

Said she: “There is no doubt from country statistics that women are the most financially excluded because they have to overcome the barriers of income inequality, distance to location of financial services, financial illiteracy, high cost of services and other cumbersome requirements; but from my experiences, interactions and interventions with the rural poor, in Anambra State, Nigeria, financial inclusion means something different, an opportunity to earn an income before banking it.”

To increase the frontiers of financial inclusion across Africa, Mrs. Obiano advocated collaboration and exploitation of opportunities for the empowerment of indigent women; information sharing amongst NGOs on capacity building for women; devising of transparent funding mechanism and support for NGOs like CAFÉ which has a track record of outreach to rural women so as to achieve greater financial inclusion and lift more African women out of poverty.

Using practical examples she explained how the programmes of CAFÉ promote financial inclusion by engaging with, training and empowering over 2,000 women who are mostly rural dwellers within two years. The women were equipped for the trade and given start-up capital through a direct transfer in collaboration with micro-finance banks thus giving them the freedom of ownership of new account as managers of their small-scale ventures. 

Offering further insight, Mrs Obiano explained that CAFÉ initiatives gave Anambra women 60% stake in the N1billion micro-credit loan under the CBN funded Medium Scale and Micro Enterprises Development Fund (MSMEDF) which is managed by the Anambra State Small Business Agency (ASBA). The scheme, she noted, improved the financial capacity and petty trading by the women Cooperatives. The new found status has also boosted the confidence of the new account owners and their ability to support in the upkeep of their families.

Some of the ventures embarked-on by the beneficiaries include; hair dressing, cosmetics and beauty therapy, soap making, bakery and confectionaries, telephone and computer repairs.

The wife of the governor also told the enthusiastic participants that CAFÉ initiative is in furtherance of Nigeria’s national Financial Inclusion Strategy definition which stated that “financial inclusion would be achieved when adult Nigerians have easy access to a broad range of financial services that meet their needs at affordable costs,” but noted that a lot of work still needs to be done to meet the target of increasing access to the use of financial services like payments, savings, credit, insurance and pensions etc. by 80% of the population by year 2020.

She commended the effort of the Central Bank of Nigeria which she described as the champion of Financial Inclusion strategy in Nigeria where statistics show that 39.2 million adults (46.3% of the adult population) were financially excluded as at 2010. Of the total 54.4% were women with 73.8% younger than 45 years; 34.0% had no formal education while 80.4% are rural dwellers.

Mrs. Obiano commended the setting up of a Special Intervention Working Group of the Technical Committee on women and urged for steadfast implementation of gender-focused financial inclusion policies to bridge the gap.

Highlighting the comparative strengths of Nigeria and Kenya in the promotion of financial inclusion, Mrs. Obiano identified the simple Know-Your-Customer and the planned launch of the Secured Transaction and National Collateral Registry that would facilitate the use of moveable assets as collateral as a smart policy; and Kenya’s progress in the adoption of mobile money as major boosts to financial inclusion in both countries which can be shared as best practices across the continent.

Organised by WE EFFECT, a Swedish NGO which operates in Kenya and 24 other countries, the conference which envisaged amongst other things a coalition of stakeholders committed to advancing financial inclusion for youth, women and Persons with Disabilities to enhance their resilience; spanned over four sessions and attracted participants from the East, Central and West Africa including Kenya, Tanzania, Uganda, Zimbabwe, and Nigeria.

•Photo shows Chief (Mrs.) Ebelechukwu Obiano.

Source News Express

Posted 04/10/2016 05:33:52 AM

 

Share on facebook Yahoo mail icon Gmail icon Share on Google+


 

CLASSIFIED ADS

 

You may also like...
Jonathan tasks security agencies over anti-Igbo song •Condemns...

Why Boko Haram terrorists are back with a...

2015 Polls: Criminal borrowings and governance deficiencies in...

Breaking News: Police seal off NICON Hotel, Abuja,...

Buhari meets Catholic Bishops, promises religiously-tolerant govt. if...

CBN distances self from fatal road accident

Jonathan seeks global community’s support for Buhari’s Government...

Minister restates commitment to lifting creative industry

Boko Haram: NEMA, NOA organise advocacy for returning...

Delta quarantines 55 over Lassa fever death

Kwara adopts new strategies against herdsmen, farmers clashes...

BREAKING: Rivers endorses Prince Uche Secondus as PDP’s...

 

Latest News Key leader of group that abducted Leah Sharibu killed: Military Cross River: APC chairman, wife die in ghastly motor accident Vigilante Security Summit holds in Abuja Monday Kidnapped Zamfara twins regain freedom Jaafar Jaafar APC to roll out campaign plans in one week 2019 Polls: Atiku to launch ‘policy document’ on Monday 2019: Oshiomhole lied; South-East solidly behind Obi — Aide 2019: Presidential, NASS campaigns begin today: INEC Otedola endorses Sanwo-Olu for Lagos governor Troops foil another Boko Haram attack in Borno Nigeria records 800,000 preterm births annually Fayemi okays N30,000 minimum wage

 

Most Read NUDE PHOTO OF OMOTOLA JALADE-EKEINDE surfaces online (421,508 views) Nigerian female sex addict opens up, says ‘I like it with both men and women’ (390,215 views) Shameless Genevieve Nnaji exposes breasts in public (323,142 views) Finally named: The full list of friends of Nigerian female sex addict who prowled Facebook (271,707 views) OLUMBA OLUMBA OBU (the one who called himself God) IS DEAD (244,282 views) Igbo scholar disgraces Femi Fani-Kayode •Demolishes claims on Igbo/Yoruba history with facts and figures (227,554 views) Breaking News: POPULAR REVEREND CONVERTS TO ISLAM in Kaduna (Nigeria) (209,163 views) OBJ’s son reported dead in Lagos plane crash •Names of more victims emerge (190,720 views) My wasted years in Olumba Olumba Obu’s Evil Brotherhood (176,003 views) THE FINAL DISGRACE: Igbo scholar unleashes more facts about Igbo/Yoruba history, finishes off Femi Fani-Kayode with second article (168,646 views) Lagos plane crash: Journalist releases victims’ names (165,169 views) Gunmen kill ASP, 2 other police officers in vain bid to kidnap Rivers PDP chieftain (152,057 views)

 

Zenith Zero Balance First Bank banner

 

Categories Advertorials (3) African Press Organisation (81) Art & Literature (73) Business & Economy (3,797) Business Verdict (54) Columnists (964) Complaints & Requests (94) Enterprise & Opportunities (208) Entertainment (567) Features (669) Global Business Monitor (310) International (2,692) Interview (167) Live Commentary (28) Love Matters (146) Maggie's Blog (37) News (40,621) Opinion (1,142) Pidgin (13) Politics (7,767) Religion (901) Sports (1,777) Stock Watch (35) AMA & Al Jazeera Global Update

 

 

 

 

APO Group Partner

 

 

CLASSIFIED ADS

GOCOP Accredited Member

GOCOP Accredited member

 

 

Africa Media Agency and Al Jazeera