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The World Trade Organisation (WTO) and the International Trade Centre (ITC) have launched the Women Exporters in the Digital Economy (WEIDE) investment fund in Nigeria, targeting to invest $50 million to create opportunities for women entrepreneurs in the digital economy. A total of 146 Nigerian women entrepreneurs have been selected to benefit from this initiative, which aims to boost competitiveness, enhance access to finance, and connect to global markets.
For further information, read more details here
The programme will provide financial support and technical assistance to women-led micro, small, and medium enterprises (MSMEs). Sixteen “booster track” participants will each receive $30,000 and 18 months of technical support, while 130 beneficiaries will receive $5,000 and 12 months of dedicated business support
According to WTO Director-General Dr. Ngozi Okonjo-Iweala, “When women succeed, communities succeed and economies succeed. Empowering women is not just a moral case, it is an economic case. It is, in fact, smart economics.” The WEIDE Fund is designed to break barriers and foster inclusive trade, enabling women entrepreneurs to compete in global digital markets.
The programme aligns with President Bola Tinubu’s Renewed Hope Agenda to diversify the economy and empower women-led enterprises. The First Lady, Senator Oluremi Tinubu, represented by the wife of the Vice President, Hajiya Shettima, commended the WTO and ITC for the initiative, emphasizing its potential to address barriers such as limited access to finance, networks, and digital infrastructure.
The WEIDE Fund is part of a global drive to ensure inclusive digital participation and sustainable trade growth, with the potential to empower women entrepreneurs to scale their businesses through digital trade
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