NITDA moves to bridge funding gap for female startup founders in Nigeria 

The Agency stated this as it presented the NGDIS at the United Nations 69th Session of the Commission on the Status of Women (CSW69), where it highlighted efforts to close the gender digital divide in the country.

Speaking at the event, Special Assistant to the Director General of NITDA on Strategic Partnerships, Iklima Salihu, presented the strategy, emphasizing NITDA’s role in driving digital transformation and creating opportunities for women and girls to actively participate in the digital economy.

“Recognizing the role of women in Nigeria’s innovation and entrepreneurship landscape, the strategy emphasizes access to funding, mentorship, and technical assistance for female-led startups, leveraging the Nigeria Startup Act to increase financial and institutional support for women in the tech ecosystem,” he said.

He noted that the framework also prioritizes digital literacy, entrepreneurship, safety, and gender-responsive policies to accelerate women’s participation in Nigeria’s growing digital economy.

“With 58% of young women globally experiencing online harassment, the NGDIS prioritizes online safety and cybersecurity awareness,” he added.

Speaking at the event, the Honourable Minister of Women Affairs, Honourable Imaan Sulaiman, FSI, underscored the urgent need for action in tackling gender disparities in digital access.

She revealed alarming statistics that demonstrate the stark reality of the digital divide in Nigeria, highlighting that 68% of Nigerian women do not own smartphones, making it difficult for them to access online services and economic opportunities.

She stressed that this divide extends beyond access, as women and children face significant online risks, including cyber harassment, digital gender-based violence, and exclusion from the rapidly growing tech-driven economy.

She urged all stakeholders to work together to transform digital access and security for women and children, making technology a tool for empowerment rather than exclusion.

According to the Bank of Industry (BOI), Nigeria leads the world in women’s entrepreneurial activity, with 23 million female entrepreneurs accounting for 41% of the country’s micro-businesses.

However, access to finance remains a significant barrier for many of these women.

The Bank noted that despite the impressive number of women entrepreneurs in Nigeria, many struggle to access the funding needed to grow their businesses.