Equality, empowerment for women and girls: A path to sustainable progress

BY ENE BOLANTA

The Bola Tinubu administration has set an ambitious goal of empowering 10 million women by 2027, an integral part of its broader vision to transform Nigeria into a $1 trillion economy by 2030. This initiative comes at a crucial time, as gender equality is not only a fundamental human right but also a key driver of economic and social development.

Empowering women and girls is not simply about offering opportunities; it’s about creating an environment where they can take control of their lives, make informed choices, and thrive. When women and girls are empowered, societies flourish, economies grow, and sustainable development becomes achievable.

The economic benefits of empowering women are indisputable. The World Bank estimates that closing the gender gap in employment and entrepreneurship could increase global GDP by 20 percent. Furthermore, according to the Global Entrepreneurship Monitor, if women had the same opportunities as men to start and grow businesses, an additional $5 to $6 trillion could be added to the global economy.

These figures highlight not only untapped economic potential but also the transformative power of equality. Women’s empowerment is not a luxury; it’s an investment capable of changing the trajectory of a nation.

Yet, despite the clear economic case and moral imperatives, gender inequality remains pervasive. Women continue to face significant barriers such as cultural norms that restrict their access to opportunities, gender-based discrimination, and economic inequality that limits their financial independence.

In Nigeria, while women represent more than 64 percent of skilled workers, they occupy only 30.3% of senior corporate positions. These statistics are not just numbers—they represent the lived experiences of millions of women across Nigeria. While the path to gender equality may be challenging, it is by no means impossible.

To accelerate gender equality and empower women and girls, practical steps must be taken in key areas. One of the most powerful tools for lasting change is education. Initiatives focused on girls’ education, particularly in fields like STEM, will help break stereotypes and open new avenues for women. Equally important are initiatives that support female entrepreneurs by providing better access to finance, mentorship, and business development opportunities.

Mentorship programmes, community support and women’s cooperatives are also crucial. Women-led businesses create platforms for women to share resources, knowledge, and opportunities. These networks of support are vital for personal and professional growth, offering solidarity and a sense of shared purpose. Such efforts not only uplift individual women but also unlock new possibilities that can benefit the broader economy.

Although significant challenges remain, the progress made thus far demonstrates that change is possible. As we celebrate International Women’s Day, it is essential to reaffirm our commitment to advancing equality and empowering women and girls everywhere.

This effort is not just about lifting women out of inequality; it is about creating a future where everyone, regardless of gender, has the opportunity to contribute and succeed.

Ene Akoji Bolanta is a writer, content strategist and an advocate for continuous personal development. You can connect with her on social media at @EneBolanta or contact her by email: [email protected]