Nigerian Government Investigates $100 Million Women Empowerment Project

Date:

In response to growing concerns over financial mismanagement and lack of substantial progress, the Nigerian government has initiated a comprehensive investigation into a $100 million women empowerment project. This initiative, designed to uplift and support Nigerian women, is now facing intense scrutiny regarding its allocation and use of funds.

Minister of Women Affairs, Uju Kennedy-Ohanenye, has issued a 30-day ultimatum to international organisations including the United Nations, beginning from October 16 to November 15, demanding a detailed account of how the donor funds have been disbursed. She has made it unequivocally clear that failure to comply with this request will result in legal action against these organisations.

The project, financially backed by the World Bank, had ambitious goals to empower women through various means, which include entrepreneurship, agricultural development, and financial education.

However, the minister has exposed what appears to be a mismanagement of the funds: with only a small number of women receiving modest stipends ranging from N30,000 to N60,000. Furthermore, outdated farming tools are still in use, hampering progress in the agricultural sector.

Kennedy-Ohanenye is resolute in her commitment to unveiling the alleged financial misappropriation, and has pledged that the government will pursue legal action after November 15 if transparency and accountability are not provided. She emphasised that the funds should genuinely serve the vulnerable population.

The Minister raised the vital importance of empowering women in Nigeria: highlighting how the wrong allocation of funds has contributed to poverty, insecurity, and the poor representation of women in politics. She called for immediate action and urged those responsible to rectify the situation by providing a clear and accurate account of how the funds were utilised.

 

 

 

 

 

Share post:

Subscribe

spot_imgspot_img

Popular

More like this
Related

STERLING BANK AND AFREXIMBANK LAUNCH INNOVATIVE SUPPLY CHAIN FINANCING SOLUTION

Sterling Bank, in collaboration with the Africa Export-Import Bank...

MONIEPOINT MICROFINANCE BANK INTRODUCES NEW USSD SERVICE

Moniepoint Microfinance Bank, renowned as Nigeria's leading bank for...

FCTA WARNS PROPERTY DEVELOPERS TO VERIFY LAND OWNERSHIP BEFORE PURCHASE

The Federal Capital Territory Administration (FCTA) has issued a...

FIRST BANK LAUNCHES DIGITAL EXPERIENCE CENTRE IN BANANA ISLAND, LAGOS

First Bank of Nigeria Limited has unveiled its new...