The report was by Nigeria2Equal is an International Finance Corporation(IFC)-led, multi-stakeholder programme in partnership with the Nigerian Exchange (NGX), formerly The Nigerian Stock Exchange (NSE). The programme aims to reduce gender gaps across employment and entrepreneurship in the private sector.
The study said if Nigeria reduced gender inequality in the labour market, in economic participation, and in political representation, the economy could grow on average by as much as 1.25 percent more and gross domestic product (GDP).
According to the report, the growth estimates present a strong business case for reducing gender gaps in Nigeria and building a stronger inclusive economy.
It observed: “Addressing gender gaps in Nigeria’s private sector, which impact women’s ability to participate equally as men, takes on added urgency when considering the country’s rapid population growth—and that inaction will only exacerbate poverty.’’
The Nation
