WTO $50m Fund Backs Women In Global Digital Trade

672 Views

In a week when Abuja buzzed with promise, 146 Nigerian women heard the words that could change their futures.

In a week when Abuja buzzed with promise, 146 Nigerian women heard the words that could change their futures.

Backed by a $50 million WTO fund, they are set to tap into the booming $4.25 trillion digital trade market.

With grants, training, and global connections, these entrepreneurs now have a shot at turning local ventures into world-class brands — and lifting communities with them.

Seizing Africa’s 1% Share

Partnering with the International Trade Centre (ITC), the WTO aims to equip women with the skills, networks, and resources they need to claim a greater share of the $4.25 trillion global digital trade market.

Africa currently holds only 1% of that market, but Okonjo-Iweala urged Nigeria to help change the numbers.

Training And Funding Pathways

From 67,000 global applicants, the WTO and ITC selected 146 Nigerian women for the first cohort.

Read Also: Four Watch Types You Should Know In 2025

Sixteen entrepreneurs will enter the Booster Track, securing up to $30,000 each and 18 months of technical support.

Meanwhile, 130 will join the Discovery Track, receiving up to $5,000 and a year of business coaching.

Their ventures range from fashion and tourism to agriculture, IT, and manufacturing.

Infrastructure And Global Access

Okonjo-Iweala stressed that Nigeria must improve internet and electricity supply to meet the programme’s goals.

She endorsed the country’s $2 billion fibre optic network plan and called for closer cooperation between the power and ICT sectors.

She also urged WTO members to extend the moratorium on customs duties for cross-border digital trade.

“Empowering women is smart economics,” she said.

“When I return in two years, I expect to see jobs created, new markets reached, and more women inspired.”

Leave a Reply

Your email address will not be published. Required fields are marked *

Next Post

BA Drops 58 From Abuja–London Flight Over Faulty Door

Fri Aug 15 , 2025
672 […]
For 58 hopeful travellers in Abuja, a trip to London ended before it began. A faulty aircraft door forced British Airways to ground their seats.

You May Like

Quick Links