Govt to raise N108bn for women empowerment

Minister for State Finance and Budget Planning, Clem Agba, has revealed the Federal Government’s planned women empowerment.

The government plans to establish a basket fund to collect donations for gender equality and women empowerment initiatives in the country.

According to him, the move is aimed at furthering the government’s commitment to promoting gender equality and empowering women.

He disclosed this on Thursday at the institutional support for government-donor joint funding facility on gender equality and women empowerment meeting in Abuja.

Agba disclosed that an estimated investment of N108bn (approximately US$250m) would be required to address issues such as gender-based violence, which had assumed a significant dimension in Nigeria.

“It is imperative to underscore the urgency of a gender equality and women empowerment joint intervention funding that will serve as a basket fund to address such issues as Gender Based Violence (GBV) that has assumed significant dimension and which is often not reported due to stigmatisation.

“Suffices to reiterate for the umpteenth time that at the moment, an estimated investment of about N108bn (approximately US$250m, taking into consideration of a 17 per cent inflation.”

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