News

Why We Don’t Sponsor Female Politicians — UN Women

Published

3 years ago

August 15, 2023

Editor

…Gives Guidelines On How To Access Fund

Beatrice Eyong, United Nations, UN, Women Country Representative for Nigeria and ECOWAS, has explained why the body cannot financially sponsor female politicians.

Eyong said that the UN Women does not sponsor female political candidates due to policy restrictions existing in various countries and also that some funders say Nigeria has a lot of money,

Eyong spoke in Lagos at a workshop organised by the UN Women and the government of Canada in partnership with the Women Advocates Research & Documentation Centre, WARDC.

She spoke in response to an appeal made by Tolulope Akande-Sadipe, a member of the House of Representatives and former Chairperson, House of Representatives Committee on Diaspora, to the UN Women and nongovernmental organisations (NGOs).

Akande-Sadipe, while delivering a keynote address, had appealed to the UN Women and NGOs to consider funding the campaigns of women political candidates as a means of helping them overcome the burgeoning challenge of finance.

Eyong said: “I have always advocated this also, even while in New York; that money be given directly to candidates.

“However, there is a problem with the rules that govern financing campaigns.

“Sometimes, some countries may allow it while others may not. Some countries have restrictions on direct funding of political campaigns by international organisations.

“Another thing I must put on the table is that when we are mobilising funds, what they (funders) tell us is that Nigeria has a lot of money and does not need money.

“So, we face difficulties mobilising funds for middle-income countries. When I was in Mali, I had nearly double the budget that I had in Nigeria because the argument is always that Nigeria has money and does not need money.

“This is the truth.

“We, however, are working on the electoral process so that it can be gender-responsive even though we are not giving money directly to candidates. So, we are working around the candidates to create a favourable environment.

“With the funding from Canada, for example, we have been working with owners of media houses to influence how the media is reporting on women, especially women in politics.

“Among other things, we worked with the Girl Guides to mobilise rural women to vote for women candidates. We have also mobilised private sector CEOs to support women candidates.

“In addition, in terms of capacity building, we have worked with INEC and security agencies to ensure a gender-responsive security during elections.

“We have also set up three resource centres for women in politics. Also, we mobilised traditional rulers.

“Amid the many things that we have done, the law does not yet allow us to give money directly to candidates to fund their campaigns.”

‘How to access UN Women fund’

Eyong, however, advised that funding from the UN Women can be better accessed collectively, through a formally organised platform; and not individually.

“Another way you can have funding is if you are together. If we have a platform for female parliamentarians, it is easier to tell funders to fund your activities.

“Even when put together at the zonal levels, such platforms can easily have access to funding,” she said.

Earlier, Akande-Sadipe had said: “UN Women and other non-governmental organisations love you for your efforts; but we need money.

“Women’s access to money to finance their political aspirations is very limited.

“It is very important that you identify credible women and begin to finance their projects and campaigns, including vehicles, media, and more.

“We need those tangible cash assistance. The training centres are brilliant ideas but what happens if you train me and I do not have the money?

“What has limited women in this part of the world is money.”

News

Xenophobic Attacks: Nigerian Students To Picket MTN, MultiChoice, Other Businesses

Published

6 minutes ago

May 6, 2026

Editor

The leadership of the National Association of Nigerian Students, NANS South-West Zone D, has announced plans to picket South African companies in Nigeria following the ongoing xenophobic attacks in the country.

DAILY POST reports that some Nigerians were recently killed in South Africa over the violent attacks.

A statement issued to newsmen by Comrade Adeyemo Josiah Kayode, Coordinator, NANS South-West, Zone D, said that the association is mobilizing to take decisive and lawful action by organizing peaceful picketing and mass advocacy against South African business interests operating in Nigeria.

“We categorically state that the continued targeting of Nigerians under any guise is unacceptable and must come to an immediate end.

“This will include major corporations such as MTN Group and MultiChoice Group. It is morally indefensible for businesses to thrive in an environment where the lives of Nigerians are protected, while Nigerians are subjected to fear and violence elsewhere.

“This contradiction will no longer be tolerated,” the statement said.

News

N5m, N10m Zero-interest Loans: SheVentures Opens Applications For Women Entrepreneurs

Published

2 hours ago

May 6, 2026

Editor

First City Monument Bank (FCMB) has opened a new round of applications for its SheVentures proposition, offering zero-interest loans of up to ₦10 million to women entrepreneurs to ease access to working capital and support business growth.

The facility provides loans ranging from ₦500,000 to ₦5 million under a general category, and ₦5 million to ₦10 million for sector-specific businesses, with funding capped at up to 50% of an applicant’s average monthly turnover.

At the centre of the offering is a 0% interest rate, with all charges embedded in a transparent structure.

Repayment is structured over four or six months, allowing businesses to match obligations with their cash flow cycles.

Yemisi Edun, Managing Director and Chief Executive of First City Monument Bank (FCMB), said the initiative reflects a deliberate approach to inclusive growth.

“Inclusive growth requires access to capital and the right conditions for businesses to deploy that capital effectively.

“Women-led enterprises are critical to economic activity, yet they face structural barriers.

This intervention aims to help close that gap by providing financing that supports job creation, business expansion, and long-term sustainability for women entrepreneurs.”

“Access to affordable finance remains a major constraint for women entrepreneurs,” said Nnenna Jacob-Ogogo, Group Head, SheVentures and Impact Segments at First City Monument Bank (FCMB).

“By removing the cost barrier and offering quick, flexible funding, this zero-interest loan is designed to safeguard existing jobs, enable businesses to invest in growth initiatives, and foster resilience in challenging economic conditions.”

Women-owned businesses account for a significant share of Nigeria’s small and medium-sized enterprises but continue to face high borrowing costs and limited access to credit.

Through these efforts, SheVentures tackles persistent financing gaps facing women-led businesses, combining targeted funding with broader support to empower women entrepreneurs, encourage business innovation, and enhance their ability to compete on a national scale.

Applications for the zero-interest loan are now open.Apply now.

News

Xenophobic Attacks: Oshiomhole Tells FG To Retaliate Against South African Companies In Nigeria

Published

19 hours ago

May 5, 2026

Editor

Senator Adams Oshiomhole has called on the Federal Government to retaliate against South African businesses operating in Nigeria following the recent attacks on Nigerians in South Africa.

Speaking during plenary on Tuesday, Oshiomhole said the Federal Government should consider revoking the working license of South African owned companies such as MTN and DSTV.

He argued that Nigeria must respond firmly to what he described as persistent hostility against its citizens.

“I am not going to shed tears. If you hit me, I hit you. I think it is appropriate in diplomacy. It is an economic struggle,” Oshiomhole said.

He argued that while some South Africans accuse Nigerians of taking their jobs, Nigerians should return home and take over employment opportunities created by major South African companies operating in the country, including MTN and DSTV.

“When we hit back, the President of South Africa will not only talk but will also go on his knees to recognise that Nigeria cannot be intimidated.

“We will not condone any life being lost. If a crime has been committed under the South African law they have the right to bring any such person to justice, but to kill our people as if we are helpless, we will not allow that,” Oshiomhole added.

DAILY POST reports that several Nigerians in South Africa have reportedly been attacked, and their businesses destroyed, in ongoing xenophobic attacks in the country.