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Nigeria's business climate unfair to women 'W/Bank

Published by Tribune on Fri, 10 Aug 2012


WORLD Bank has condemned the low percentage of women in the Nigerian business environment, saying there are only 15 per cent women in business. Country Director, World Bank, Ms Marie Francois Marie-Nelly, made the assertion on Thursday, when the bank launched investment climate assessment report in Abuja, adding that Nigeria's business climate was unfair to women.She said women make up half of Nigeria's population, lamenting that over a half of the manufacturing firms in the country do not employ a single woman. 'As a result, women are only concentrated on informal sector, which means that they are facing challenges of lower earnings and difficulty to sustain their activities,' she said.In a survey carried out in more than 26 states in the country, it also scored Nigerian power situation low, saying it did not encourage good business activity.Minister of Trade and Investment, Mr Olusegun Aganga, in his keynote address, said the investment flow to Nigeria had gone up to N8.9 billion.'What that means is that, in spite of some of these challenges that we hear and which are there and which we must acknowledge and address, Nigeria is the preferred destination of investment in Africa. Nigerian is the top quarter globally in terms of countries attracting investments. So, you can imagine what we can achieve together, if all these issues are addressed,' he said.
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