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Archive of ‘Business’ category

NAFOWA empowers 151 women, youths in skills acquisition

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The Nigerian Air Force Officers’ Wives Association (NAFOWA), says another batch of 151 women and youths have graduated from its Skills Acquisition and Vocational Training Programme in Azare, Bauchi.

Air Commodore Ibikunle Daramola, NAF Director of Public Relations and Information, made this known in a statement on Wednesday in Abuja.

Daramola said that the training provided participants with knowledge and skills in areas such as computer studies, catering and confectioneries, hairdressing, tailoring, interior decoration, aluminium door and window fabrication as well as make-up artistry.

He said that other participants were trained in beads and accessories design, soap and cosmetics production as well as shoe and bag making.

“The skills acquisition and vocational training programme is in line with the association’s resolve to contribute its quota to the efforts of the Federal Government aimed at curbing unemployment among Nigerian youths.”

Daramola said that during the ceremony, the NAFOWA National President, Hajiya Hafsat Sadique Abubakar, appreciated the Emir of Katagum and the people of Azare for their acceptance and participation in the skills acquisition programme.

According to him, Abubakar reiterated the commitment of the association to contributing to the socio-economic well-being of women and children in the society.

The NAFOWA national president said the graduation ceremony of the 8th edition of the Skills Acquisition and Vocational Training Programme would not have been possible without the unprecedented support and encouragement the association had received from the current NAF leadership.

He said that Abubakar disclosed that the association had trained and empowered 2,000 participants across the country from May 2016 till date.

According to him, the NAFOWA president congratulated the graduating students for successfully completing the training and urged them to make good use of the skills acquired to improve their productiveness and general well-being. (NAN)

Insurgency: VSF partners ITF to train 5,000 women as entrepreneurs in North-East

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The Victims Support Fund (VSF), on Thursday in Abuja, signed a Memorandum of Understanding (MoU) with the Industrial Training Fund (ITF) to train 5,000 women victims of insurgency as entrepreneurs.

Prof. Sunday Ochoche, Executive Director, VSF said that the partnership also aims at providing vocational skills acquisition to 1,500 out-of-school Youths in Borno, Adamawa and Yobe States.

“The entrepreneurship development project will target 5,000 community-based women entrepreneurs, already under the VSF Women Economic Empowerment (WEE) project that had benefited from the cash support.

“Existing savings and loans associations established in 2016 and 2017 will be scaled up into 250 small scale women producer groups.

“1,500 out-of-school youth in Borno, Adamawa and Yobe will also have their capacities built in vocational skills to increase their employability and self reliance.

“ N130 million had been earmarked for the first phase of the programme, which involves training in critical areas,” Ochoche said.

Ochoche said that after the training, starter packs would be given to the beneficiaries to commence their own businesses as second phase of the programme.

He explained that the partnership would further facilitate the restoration of livelihoods and hasten the community recovery process in the North-East.

He said the VSF was now working on addressing the root causes of the insurgency in North-east Nigeria, stressing that it has been discovered that lack of education and high poverty rate were responsible for the crisis in the area.

Ochoche said that the ITF had similar programmes presently running, adding that their technical skills will help VSF to fast-track its own programmes.

Also speaking, Mr Joseph Ari, Director-General of ITF, said the two organisations have some similar mandates, expressing readiness to work with VSF to actualize its programmes.

Ari said that the partnership between both organisations would help in addressing some of the root causes of the conflicts in the North-East.

He called on other stakeholders to join force with the VSF and ITF to solve the problems of the North-east.

The ITF boss added that improving the livelihood of the people was important as the country’s population was increasing drastically. (NAN)

Ladies, Here is How to Have a Productive Week

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We all wish Monday will be declared part of the weekend because we are all afraid of Monday and what it brings. This is the reason why as young ladies, we definitely have to know how to have a productive week.

Here are a few tips

Map Out Your Week

You have to prepare for the week over the weekend, map out your to do list, meetings, arrangements, clothes to wear, things to do in the office etc. You don’t have to wait till Monday morning before drawing out the week. Do that ahead of time.

Scale of Preference

Prioritise, do things according to how important it is in the scale of preference. Ensure you achieve the important things first before delving in the less important things. Execute the bigger project first before chasing after the less important ones.

Boost Your Energy

Give yourself a good headstart by boosting your energy. Do a quick workout on a Monday morning, say a long prayer to cover the week. Just ensure that you boos your energy by doing something that will uplift your spirit. This will definitely help you get through the week.

 

Women shippers get seat in IMO council

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Women’s International Shipping and Trading Association (WISTA) said it had secured a seat at the International Maritime Organization (IMO), the apex regulatory body for maritime activities globally.

The President of WISTA Nigeria, Mrs Mary Hamman, disclosed this during the association’s 2018 annual business luncheon in Lagos on Thursday.

Hamman noted that WISTA’s consultative status at the IMO would avail the association the opportunity to promote diversity, inclusion and women’s empowerment in the global body.

“WISTA can now formally contribute to the discussion for increasing capacity in the maritime industry, both shoreside and onboard ships.

“The association’s efforts is to support the overarching principles in IMO’s strategic plan, especially the promotion of gender equality and the empowerment of women,” she said.

The Chairman of the ocassion, Capt. Emmanuel Ihenacho, urged the association to play more active role in the World Trade Organization (WTO), noting that the organisation was critical in the affairs of global trade.

Ihenacho, who is also the Chairman of Intergrated Oil and Gas Limited, urged the association to take steps that would give the association more significant representation at the IMO Council.

Also speaking, a veteran Master Mariner, Capt. Adewale Ishola, commended WISTA Nigeria for sponsoring the nation’s first female Master Mariner.

Ishola also lauded the association for empowering women groups with the purchase of fishing boats, fishing nets, boat engines for women in various parts of the country.

He also thanked the association for sponsoring female cadets which had led to the emergence of the first female Nigerian Master Mariner currently employed with oil giant, Shell.

The News Agency of Nigeria (NAN) reports that event also featured the launch of a WISTA magazine. (NAN)

This WhatsApp Money Mistake Post is the Ultimate Financial Advise for Every Woman

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I have seen this post a couple to times on WhatsApp groups but I never really paid attention to it until recently when I read the full post. Although it is not credited to any particular author, this thirteen money mistakes is the best financial advise for every woman.

If you can live by these rules, you are on your way to financial freedom.

Money Mistake 1
Never borrow money that accrues interest to start a business . That is to say, never borrow money to start a business expecting that the business will generate income to pay back the borrowed money plus the interest.

Money Mistake 2
Never spend money you haven’t received. Don’t even promise someone money based on a promise you have from someone else. If someone tells you: “Ezra, come to my office tomorrow at 9am and pick #30K”don’t go out to buy items on credit based on this promise, with the hope that you will pay off your creditor when the promised money comes; it may not come as promised and this will leave you in problems with your creditors.

Money Mistakes 3
If you want to save, whenever you receive money, don’t start spending hoping that you’ll save what remains. Normally what remains is zero because as long as money to spend is available, the numerous things you can spend it on are also available. And things to spend on even incite their ‘relatives’ so that you spend even more than you had planned. When money to spend is not available, we naturally find a way of doing without it. That’s why I’ve learnt to save with an INVESTMENT CLUB. Once I send money there I assume I no longer have it. Before you spend any money, put your savings aside then spend what is left after saving.

Money Mistake 4
When you get an opportunity to meet a very wealthy person, never ask for money. Ask for ideas on how to make money. They may even choose to give you money on their own after seeing that your ideas are great, but let getting money from them never be your objective.

Money Mistake 5
Keeping your seed instead of planting it. Many people stop at saving. It’s very, very difficult to save and have all you need to maintain your lifestyle especially after retirement. When you save, your savings are seed; plant it. When you just keep the seed (saving money) some seeds begin to die (eaten by inflation and the like). That’s why I recommend that you read about the different types of investment vehicles you can use to grow your savings. I am not necessarily talking about putting the money in a business, because you can easily lose money in business. I am talking about putting it in an investment.

Money Mistake 6
Never lend someone money you are not willing to lose. By the time you lend someone money, be contented in your heart that should the person fail to pay, you will not die. You should not even lose that person’s friendship if they fail to repay the money you lent them. If you feel the person might fail to pay you and this will not affect your relationship with them, then lend them money. If their failure to pay would make you hate this person’s entire clan, please advise the person to go to the bank.

Money Mistake 7
Never append your signature to guarantee someone on a financial matter if you are not willing or able to pay the money on their behalf. Do I have to explain that one? No, it’s self-explanatory.

Money Mistake 8
Avoid keeping money you don’t intend to use in the short-term within easy reach. For instance, don’t walk with #100K in your pocket when all you plan to do in a day costs #20K. Like I mentioned in Money Mistake 3, there are always expenses available to gobble any money that is within reach, so if you don’t want to lose it, put it away in a safe place.

Money Mistake 9
Avoid keeping money in inappropriate places e.g. in socks, under the pillow, in a pit, in the sitting room, in the bra, in a travel bag that you will place somewhere in a bus … impulse buying is a devil that will keep you busy!

Money Mistake 10
Spending money on an item that you can do without (at least for the time being). These days when I pick money from my pocket or wallet, before paying for something I ask myself: What would happen if I didn’t buy this? If I find I can live with the consequences of not having that thing, I smile and walk away.

Money Mistake 11
Paying an amount for something that’s not the minimum you can get that same value for. In other words, if you are along east Legon road and you pay #5K for a shoe that you can get at #3K at Makola market, that’s a money mistake except for those who have achieved financial freedom.

Money Mistake 12:
Consistently spending all you earn or more than you earn. It’s like having a drum where you have an inlet that’s smaller than the outlet. It will never get full. And should the inlet ever reduce significantly the drum will run dry. If you do it the other way round and the inlet is bigger, it will get full and even overflow. Hence, we have to always ensure we are widening the inlet while narrowing the outlet – all the time. Your side hustle comes in handy!

Money Mistake 13:
Thinking about short-term only and forgetting about long-term or thinking about the long-term and forgetting about the short-term. For instance, Lydia was told that there’s money in land. She saved money over a long period of time and bought 30 acres of land. Now she has the land but she is always broke. She is always complaining. She’s disgruntled and she doesn’t seem to see herself earning from the land in the near future. Now, let’s ask ourselves: Having 30 acres of land and no money to feed your family or take a child to hospital, is that wealth or poverty? I think Lydia only looked at long-term needs and forgot that she has short-term needs that require money. What of those who find they are one paycheck away from salary? Are they thinking about the long-term needs?

Let’s take stock of our finances. How many mistakes are you guilty of? Do you now feel better-equipped to do better with these tips? Good luck, savers! Share this knowledge with your friends because it will not benefit you if you are selfish with it.

I tried searching for the original post online with no luck, comment below if you know the original author.

Ministry of Niger Delta empowers 150 women, youths in C/River

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The Ministry of Niger Delta Affairs, on Tuesday, presented tricycles to150 women and youths in Calabar, Cross River, in the ongoing ‘Youth and Women’ Empowerment Scheme being implemented by the ministry.

Presenting the items to the beneficiaries, Mr Usani Uguru Usani, Minister of Niger Delta Affairs, said the programme was designed to uplift the standard of living of the people.

Usani, represented by Mrs Lauren Braide, Director of Community Development and Education in the ministry, said the gesture was in continuation of empowerment through the provision of tricycles for women and youths in the Niger Delta region.

He explained that similar presentations had been done in Warri, Delta, and that with the commencement of the implementation of 2018 national budget, other states of the Niger Delta would soon be covered.

“May I emphasise here that this empowerment programme is aimed at achieving some cardinal objectives.

“These include the improvement of transportation access, enhancement of economic activities in the state, haulage of inputs to and from the farm and fulfilment of other ancillary activities such as mechanics, panel beaters and others.

“It is my hope and desire that this initiative of government will also translate into improved peace and development in the state, and indeed, the region.

“I wish to place on record that this effort by the federal government is only complimenting the commendable efforts by the state government in the provision of jobs for the teeming population of youths in the state.

“I wish to appreciate President Muhammadu Buhari for his consistent interest in the welfare and development of the Niger Delta,” he said.

The Minister said the empowerment programme will perfectly fit into the Small and Medium Enterprises (SMEs) clinic drive being run by the office of the Vice President, since it aimed at promoting SMEs in the region.

A beneficiary, Mrs Alice Henshaw, told NAN that the tricycle would go a long way in alleviating poverty and making them self-reliant.

Also, Mr Richard Etim-Edet, expressed happiness over the gift, saying that he was lucky to be among the beneficiaries.

“I am really happy for this gift. With this tricycle, I can now make some money to improve my life. I want to appreciate the Ministry of Niger Delta Affairs for this great empowerment,” he said. (NAN)

Shetrades is Connecting Female Entrepreneurs Across Africa

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Shetrades is an intiative of the International Trade Center,  a multilateral agency which has a joint mandate with the World Trade Organization and the United Nations through the United Nations Conference on Trade and Development.

SheTrades enables women entrepreneurs to improve the quality of their products and services.

SheTrades has had country launches with the support of governments who have adapted it to local context to ensure that women have a greater role in their economies.

So far, more than 120 corporations and institutions have signed up to support the initiative. The goal of Shetrades is to connect 1 million women to market by 2020.

Shetrades also provides e-learning and market toold for these female entrepreneurs.

The International Trade Centre  developed a suite of online tools to make global trade more transparent and to assist businesses access new markets.

The market tools include

Trade Map

The Trade Map provides on-line access to one of the world’s largest trade databases and presents indicators on export performance, international demand, alternative markets and the role of competitors from both the product and country perspective. Company contact information is also available for 64 countries.

Market Access Map

The Market Access Map provides information on applied customs tariffs, including Most Favoured Nation (MFN) tariffs and unilateral and trade agreement preferences.

Investment Map

The Investment Map combines statistics on foreign direct investment and international trade, tariff data and the activities of multinational firms into an easy-to-use, interactive internet tool that allows analysis by country, trading partner and sector.

Sustainability Map

The Sustainability Map enables users to analyse standards-related data and self-assess their sustainability-related performance. The site currently covers more than 220 standards initiatives applicable to more than 80 sectors and 180 countries.

Procurement Map

The Procurement Map seeks to help businesses, especially small and medium-sized enterprises, bid for public procurement contracts around the world.

Trade Competitiveness Map

The Trade Competitiveness Map provides national export performance and national import profiles for around 240 countries and territories.

Sign up on Shetrades here

 

No more ‘leaning in’ – the neoliberal myth of the superhero businesswoman holds us all back

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We’ve read the stories and seen the figures. We know that women are still underrepresented at the decision making table. We know women across professional fields get paid less than their male peers for doing the same job. We know about the #MeToo movement. Yet, those who call for structural reforms are still often dismissed as whiners or unreasonably demanding.

This could be partly due to the pervasiveness of neoliberalism and post-feminism.

Traditionally understood as the political and economic school of thought that promotes privatisation, deregulation, and the withdrawal of state support, neoliberalism has extended its sway beyond socioeconomic policies. It increasingly leads us to see all human life in entrepreneurial terms. Individuals are assumed to be free from any external pressures or constraints. They are held personally accountable for their progress, regardless of their circumstances.

Post-feminism is a complex entanglement of feminist and anti-feminist ideas. It celebrates women’s newfound power, advances and choices, while suggesting that women have already achieved gender equality and therefore no longer need feminism.

The neoliberal and post-feminist ethos, which endows women with total agency and fetishises personal responsibility, potentially prevents us from recognising discrimination. Issues of inequality can end up being seen as a purely personal matter, the outcome of poor choices or a lack of initiative.

How we talk about women

In my recent linguistic research, I examined newspaper and magazine articles as well as radio shows to assess what messages they are sending out about women and work. Focusing on career advice and interviews with professional women, I found that the rhetoric of autonomy, choice and individualism was everywhere. Women are repeatedly told that they are architects of their own careers. While empowering on the surface, such neoliberal and post-feminist notions require women to improve their situation without challenging the status quo.

Gender bias is often implicitly or explicitly denied. As one former government minister tells her readers in a magazine interview: “Gender is not an issue”. High-achieving professional women are frequently brought on to show how women have made progress in the professional domain. As a director of a consulting firm puts it in one magazine, “If she can do it, so can I”.

The details of how these women actually achieved their success, meanwhile, are often glossed over. For example, how were they able to afford expensive quality childcare? What strategies did they use to avoid being dumped with the “office housework”. Ignoring the real issues gives the impression of empowerment without acknowledging that class privileges may have helped them to succeed or, equally, that they may have struggled against gendered barriers to get where they are.

Paradoxically, women are also accused of not making enough effort to break their “self-imposed barriers”. According to one article, “women aren’t confident”. They “can be quite the perfectionists”. They “have to learn to accept criticisms, portray a positive image and believe in themselves”.

These obstacles to economic success, we are told, should be overcome through ceaseless self-surveillance, self-discipline and self-transformation. Some call this the Lean In imperative, after the popular book on women at work by Facebook’s chief operating officer Sheryl Sandberg.

The intensity of the entrepreneurial self-work required of women is daunting. Some articles, for example, pressure women to upgrade their knowledge and skills during their maternity leave. Even when sex discrimination is acknowledged, it’s presented as an opportunity for growth. The recommended response to the gender pay gap is “to work that runway as hard as the men”. One CEO gave a simpler solution: “Ask and she shall receive!” After all, anything can be overcome with drive and a can-do attitude, right?

Beyond the individual

I disagree. Rather than demand women make personal compromises to succeed in the workplace or patronise them with workshops to improve their communication skills, we should require governments and companies to address and eliminate biases in the system.

For example, my study shows clear evidence of the deeply entrenched cultural belief that childcare and household chores are women’s work. In one interview, a general manager of a large company laments, while seemingly accepting, that she is “the mother, maid and wife”. In another, an entrepreneur suggests that women should work “at a slower pace or on a part-time basis especially when the children are very young”. The contribution of fathers is rarely mentioned. This can make it even harder for women to secure equal opportunities. Offering flexible work arrangements to both men and women and implementing mandatory paid paternity leave are important steps, but we all also need to do more to challenge the expectation that women are primarily responsible for family care.

And the kind of businesses who offer in-work childcare are generally those who employ middle-class women. Governments need to provide more quality public childcare centres so that marginalised and unskilled women in lower income groups are not housebound and are able to pursue stable, full-time employment. Additionally, studies consistently show that women are not assessed in the same way as men in the workplace due to gender stereotypes. To ensure that gender stereotyping does not drive decision making, companies and institutions could, for example, name-blind CVs as part of their hiring process.

The strides that women have made in the public sphere, while a cause for celebration, shouldn’t be allowed to lull us into assuming that a world of professional opportunities is open for women. If we wish to build a more equitable future in which women have actual freedom to pursue real choices and achieve their full potential, we need to rediscover a more political understanding of why they are lagging behind their male counterparts. We need to see that these are structural issues, rather than individual problems.

This article was originally published on The Conversation.

Globacom Nigeria promises continue support to women empowerment, SMEs

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The leading telecommunication giant, Globacom Nigeria, says it will continue to support women empowerment and Small Medium Enterprise as well as digital transformation in the country.

The Head, Customer Care Call, Globacom, Kemi Fadipe, spoke at the maiden edition of the Nigeria Women Digital Agenda Summit and Award, 2018 in Lagos.

It was organised by Centre for Cyber Awareness Development with the theme: “Harnessing the Opportunities in the 21st Century.

Fadipe said Globacom believes that women empowerment was a necessary step if a country was to overcome the obstacles associated with poverty and development.

According to her, one way to empower women is to bring innovative Information Communication Technology (ICT) products and services within the reach of all regardless of age, tribe or gender.

”Globacom, since inception, has demonstrated that it is committed to liberalising access to telecommunication services by making them affordable to all classes of Nigerians.

”Besides, Globacom has been a pillar of support to many female entrepreneurs, assisting them with cutting-edge solutions to enable them to compete favourably and advance in their chosen fields.

”The telecommunication company is also today the greatest supporter of entertainment and entertainers, many of whom are women.

”It is our pledge that we will continue to promote gender equality and fair access to ICT in Nigeria,” she said.

Fadipe said that the potential of ICT for stimulating economic growth, socio-economic development and effective governance was well recognised.

She said it has been well established that there was a positive correlation between access to ICT and economic growth and development.

According to her, the United Nations Millennium Declaration adopted in 2000 underscored the urgency of ensuring that the benefits of new technologies were made available to all.

“Since then, the race has been on to ensure that, in accordance with this declaration, the benefits of ICT are made available to all without bias or geographical location, race, language, and especially, gender.

”Efforts to bridge the digital divide have yielded tremendous results in the last couple of decades so as efforts to bridge the gender divide.

”Particularly, over the past decade, the United Nations’ intergovernmental processes have made significant contributions to the collective efforts to identify key issues and propose strategic actions to enhance women’s empowerment through ICT.

”A lot still needs to be done to advance the cause of women empowerment in Africa and bridge the gender divide.

”We must acknowledge the efforts of individuals and corporate bodies in Nigeria, who over the years, have shown support for the cause of women empowerment.

”Nigeria’s digital transformation leader, Globacom, number highly on this list of progressive companies which is silently contributing their quotas to empowering Nigerian women,’’ Fadipe said.

The News Agency of Nigeria (NAN) reports that Globacom was among the leading partners of the event.

NAN also reports that there were eight categories of award, Best Women Enterprise Support, which was awarded to Globacom in recognition of its extraordinary support for women entrepreneurs.

The Champion of Digital Women award was given to Dr Isa Ali Patami.

Also, Nigeria Communication Commission got the Digital Impact Organisation of the Year, while Outstanding Woman Advocate Award went to Mrs Joe Okei-Odumakin. (NAN)

This is How Successful Women Lead in the Workplace

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African Millenial Women have to deal with certain biases in the workplace especially because of our gender and the fact that our society believes that women are not allowed to take certain leadership positions because it’s a man’s world.

The first time I worked in a proper organisation, I questioned why women were assigned to certain roles and men were assigned to certain roles. It was in a Newspaper organisation and women are traditionally assigned soft beats while men got the hard beats like politics, business.

I choose politics desk because I wasn’t raised with the biases of impissibilities. Not long after, I learnt that this scenerio was the same in most organisations, certain biases that prevent women from taking leadership positions.

Let sit back and take a cue from how successful women lead in the workplace.

Only judge yourself by your own metrics

Integrate achieving high financial goals with your business objectives. Whether you are an entrepreneur or a career woman, don’t let the biases that surround you stop you from wanting to achieve the very best of everything you desire.

Lead like you

Don’t adopt the leadership techniques of someone else without taking into consideration what your heart is telling you, let your leadership style be uniquely yours, listen to your head and your guts.

Embrace financial knowledge

Numbers don’t lie, know the numbers, assimilate them and use them to make valuable financial decisions, never let numbers scare you and don’t use your lack of business acumen as an excuse.

Value your time and your resources

Guard your time and resources, improve and develop yourself. You are your greatest asset and you should never forget that.

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