Women’s participation in economy can improve Nigeria’s GNP

Sigrid Kaag, Minister for Foreign Trade and Development Co-operation in the Kingdom of the Netherlands.

Sigrid Kaag, Minister for Foreign Trade and Development Co-operation in the Kingdom of the Netherlands, says equitable participation of women in the economy add to gross national products of the country.

Kaag said this during an interview with source in Abuja, Nigeria’s capital, on Thursday.

Gross national product (GNP) is an estimate of the total value of all the final products and services turned out in a given period by the means of production owned by a country’s residents.

She said that the active involvement of women in the economy would not only add value to the country’s GNP, it would also improve their statuses and that of their families.

The Dutch minister, who expressed firm belief in gender equality and equity, said that such elements should be extended to encouraging women to participate productively in the economic life of the country.

She further said that women’s active involvement in the economy would promote cohesion, stability, and progress not only in the socio-economic life of families but in the life of the entire country.

Kaag said: “In my trade agenda, I have highlighted my position and status as a female entrepreneur from informal sector to the formal sector in collaboration with the World Bank, World Trade Organization (WTO), and more.

“I do it from the human rights, social and economic participatives and it contributes to cohesion and stability; it has also brought about progress in the country.

“We know statistically that if women are allowed to participate in an equitable way in the economy, not only would their status improve, that of their families will and by extension, it will add to the gross national product.

“I am aware that in Nigeria the government is pushing for a gender and equal opportunity law to advance the cause of women; and that the gender and equal opportunity bill is still being blocked in the Senate since March 2019,”  Kaag said.

Amaka E. Nliam