The data of women not paid for the work they did in the country in 2021has been put at 14 per cent.
The research carried out by the Enhancing Financial Innovation & Access (EFInA) for the development Research and Projects Centre’s (dRPC’s) Partnership for Advancing Women in Economic Development (PAWED) also stated that 77 per cent women received their income through cash.
The report added that a whopping 47% of women think it’s not possible at all to come up with 45,000 Naira in 7 days to meet a sudden need.
This data was made public in Abuja at the Policy and Innovation Centre (PIC) Gender and Inclusion Summit 2022, themed: ‘Connecting the dots for gender inclusive society’.
The PAWED report stated, “A 2019 follow up study on Women’s Financial Inclusion by the Central Bank of Nigeria and EFina titled – Assessment of Women’s Financial Inclusion in Nigeria – showed that, one year after the launch of the Revised Strategy, not much progress had been made.
The assessment noted that Nigeria’s “gender gap is larger than in most other countries, and whilst financial inclusion is increasing for both men and women, the gender gap is widening….financial exclusion16 stands at 36% for women and 24% for men.
“The relative gender gap related to financial inclusion is 20-30%, placing Nigeria below its peers. Since 2012, although women’s exclusion has dropped, the gender gap has grown, revealing that men’s inclusion has improved more rapidly than women’s.
“By 2021, a similar research by EFina conducted for the dRPC’s Partnership for Advancing Women in Economic Development (PAWED) project, painted a grim picture of women’s financial exclusion in the following terms:
“77% women received their income through cash, 44% of women receive income on a daily basis; 22% weekly; 16% monthly; and only 4% annually. Only 8% of men are not paid for their work while 14% of women are not paid….