FG Intensifies effort to revives businesses affected by covid 19 Pandemic in Nigeria

The Minister of Women Affairs, Mrs Pauline Tallen, says the Federal Government is ready to revive women businesses that Coronavirus (COVID-19) pandemic affected.

Tallen disclosed this in Abuja during the virtual E-Launch of the National Survey on the impact of COVID-19 on women-owned businesses in Nigeria.

She said that the survey report captured trends and patterns of the losses caused by the pandemic on women owned businesses.

The minister also said that the report made recommendations in retooling policies to address both the immediate and post COVID-19 strategies as well as the way forward.

Tallen said that the government had commenced the implementation through the ongoing UN Women Assisted Palliative Distribution Project in 17 States of the federation, targeted at poor women.

She said that the project would focus on women owned businesses in states as a measure to revive their businesses.

“I want to use this medium to assure our women entrepreneurs that we will continue to ensure that we build credible structures to help them revive their businesses.

“We can only achieve this if we patronise women vendors. We have started implementing this through the ongoing UN Women Assisted Palliative Distribution Project in 17 States of the Federation targeting the poorest of the poor women in the communities,” she said.

The minister expressed concern on the effects of the COVID-19 pandemic on businesses, particularly the supply chain, where majority of women’s owned businesses belonged.

According to her, the pandemic has left in its trails untold hardships and losses on micro-, small and medium enterprises (MSMEs) as well as no vaccine currently available to combat the virus.

“We are all currently experiencing the effects, which have crippled the supply chain of businesses, with dire consequences on MSMEs, where the majority of women’s owned businesses are situated,” she said.

The minister said that it was important address gender gaps in designing COVID-19 response and recovery programmes, build strategic partnerships that would be protect women’s well-being and livelihoods.

She said the ministry would scale up some projects for women in National Empowerment Fund (NaWEF), Government Empowerment and Enterprise Programme (GEEP) and the Business Development Fund for Women (BUDFOW).

Other areas would be the ECOWAS and Access Bank 50 Million Women Speak Platform Project (50MWSPP), the Trust Fund agreement with the United Nations Industrial Development Organization (UNIDO) to implement the HP-LIFE entrepreneurship and job creation project.

Tallen said that the ministry would also engage with the Nigeria for Women Project (NFWP), and conduct a mapping of state-level interventions on COVID-19.

The minister commended NACCIMA and SME.NG for conducting the survey,adding that the government would engage with more stakeholders i implementing findings of the survey.

“The Ministry is engaging with States, relevant government institutions, NGOs, business groups, PWDs cooperative societies, elderly cooperative groups and women focused groups to achieve this.

“I want to encourage our partners to not only stop here, but let us together again look at the possibility of conducting a follow-up survey to track the progress of women entrepreneurs recovery.

Tallen urged policy makers, development partners and the donor agencies to adopt the report’s recommendation for the immediate and post COVID-19 responses for women entrepreneurs.

Source: NAN

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