Home NewsKatsina Govt Releases N8.5 Billion Counterpart Fund for Women Programme

Katsina Govt Releases N8.5 Billion Counterpart Fund for Women Programme

by Torkuma Gbor
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The Katsina State Government has released N8.5 billion as counterpart funding for the Nigeria for Women Programme Scale-Up.

‎‎At least 800,000 women across the state are expected to benefit from the expanded programme.

‎Michael Ilesanmi, senior social development specialist and task team leader, disclosed this on Friday in Katsina.

‎‎He said the N8.5 billion represented actual releases made by the state government over the past two years.

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‎‎Mr Ilesanmi stressed that the amount was not merely a budgetary provision but funds already released as counterpart financing.

‎‎He said the World Bank would provide an additional 15 million dollars to support the programme’s implementation in Katsina.

‎The programme seeks to mobilise poor and vulnerable women into affinity groups and link them with finance, markets and productive opportunities.

‎‎Mr Ilesanmi said Katsina’s commitment had enabled the programme to expand from six proposed pilot LGAs to all 34 LGAs.

‎‎He said the expansion would raise the number of beneficiaries from the initial projection of 150,000 women to at least 800,000.

‎The programme is designed to improve women’s financial inclusion through financial literacy, planning, savings mobilisation and partnerships with financial service providers.

‎‎It will also support affinity groups to undertake productive livelihood activities, generate income and build resilience to climate change.

‎Mr Ilesanmi said women remained central to Nigeria’s economy, particularly in agriculture, trading, processing and small businesses.

‎‎However, he said women continued to face barriers to finance, markets, productive assets, skills and economic networks.

‎‎He said addressing those constraints was fundamental to improving productivity, reducing poverty, promoting economic growth and creating jobs.

‎“Money in itself cannot address these problems, and that is why it is important to address the norms,” Mr Ilesanmi said.

‎‎He stressed the need to combine financial interventions with mindset and behavioural changes to achieve sustainable economic empowerment.

‎Mr Ilesanmi commended the Katsina Government for taking ownership of the programme and expanding it beyond the pilot areas.

‎He described Katsina as a flagship state for the Nigeria for Women Programme because of its commitment to the intervention.

‎‎The World Bank official said the state government would also provide additional services, including health insurance linkage for programme beneficiaries.

‎‎He said the additional support was intended to make the empowerment intervention more comprehensive for participating women.

‎‎Earlier, Aisha Aminu-Malumfashi, Commissioner for Women Affairs, said the state would begin Community Investment Fund disbursement on October 4.

‎‎Mrs Aminu-Malumfashi said the programme began as a pilot in Katsina, Funtua and Daura LGAs before expanding to other areas.

‎She said women were organised into Women Affinity Groups comprising 25 members and trained in savings, financial literacy and enterprise development.

‎‎The commissioner said mindset change and behavioural change remained core components of the programme.

‎She said the intervention was designed to make women more resilient and economically independent.

‎‎Mrs Aminu-Malumfashi said the Community Investment Fund would enable groups to invest in economic activities and strengthen their livelihoods.

‎‎She said the programme’s impact would be measured through businesses created, household improvements, savings accumulated and opportunities generated, rather than funds disbursed alone.

‎(NAN)

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