The Nigerian Export Promotion Council has announced clear commitments towards ITC championed 5 year Call to Action on growing global economy through women’s participation in trade. The announcement was made in Sao Paulo, Brazil on 1 September 2015 at the Trailblazer Summit organized by the International Trade Centre (ITC) to launch a call to action for women’s economic empowerment through trade that commits to take one million Women Business Enterprises (WBEs) to market by 2020.
It will result in a Roadmap to 2020 for sourcing from Women with concrete and measurable annual targets for research, robust database development, training for market readiness, access to capital and strategic utilization of technology.
Announcing NEPC’s Commitments to the Call to Action, Ms Maureen Ideozu, Technical Advisor to the CEO – NEPC, an Elumelu Fellow who represented the CEO, Mr Olusegun Awolowo said that NEPC has articulated four strategic interventions which encompass data gathering, capacity development, mentoring, market access and advocacy.
The four key commitments are – Commissioning a diagnostic field research on export survival strategies for women; Implementing strategic interventions for achieving women inclusiveness in domestic, regional and global markets; achieving sustainable gender inclusiveness in trade policies and; monitoring and evaluation with review of gender inclusiveness strategies.
Ms Ideozu stressed that women hold a hidden economic growth potential for the country. According to SMEDAN’s 2013 MSMEs survey, MSMEs in Nigeria account for 84% of Nigeria’s labour force with women owning 43% of the micro enterprises and 22.75& of the small and medium enterprises. With the right level of support and innovation, these women businesses can join the global economy through participation in value chains.
Closing the Summit, Ms Arancha Gonzalez – Executive Director of ITC announced the launch of http://www.procurementmap.intracen.org a platform that provides procurement information from countries around the world with over 100000 worldwide tenders. In addition were seven other concrete commitments from ITC.
The Summit was the beginning of a three day Women Vendors Exhibition and Forum (WVEF15), which gathered hundreds of women and large corporations from across over 40 countries. The programme holds from 1 – 3 September 2015.