These are two critical groups that play a significant role in emerging economies such as Nigeria. In recent years, women and youth have made significant contributions to the Nigerian economy, leveraging their skills, creativity, and innovation to promote economic growth and national development. Women make up almost 50% of the Nigerian population and are significant contributors to the economy. According to the National Bureau of Statistics, women account for over 70% of the informal sector in Nigeria, which is a significant contributor to the country’s GDP. Moreover, youth make up a significant proportion of the Nigerian population, with over 60% of the population under the age of 30. The youth population represents a significant opportunity for economic growth and national development. Women and youth in Nigeria has the potential to leverage their skills and creativity to drive innovation and entrepreneurship. Women and youth have been at the forefront of entrepreneurship in Nigeria, leveraging their skills and creativity to start businesses in various sectors, including technology, fashion, agriculture, creative industry and more. By promoting entrepreneurship, Nigeria can create job opportunities, promote economic growth, and foster a culture of innovation.
Moreover, women and youth also have the potential to promote social and economic development in Nigeria. Through education and training, women and youth can acquire valuable skills and knowledge that can enable them to contribute to the development of their communities and the country as a whole. By promoting social and economic development, Nigeria can create opportunities for shared value that benefit the entire population. Women and youth also have significant potential to promote international trade and investment. Nigeria can leverage the skills and creativity of women and youth to produce and export high-quality products and services that can compete in the global market. By promoting international trade and investment, Nigeria can attract foreign investment, create job opportunities, and promote economic growth. Women and youth can also promote sustainable development and environmental sustainability. Through innovation and entrepreneurship, women and youth can develop solutions that promote sustainable development practices and reduce environmental degradation. By promoting sustainable development, Nigeria can create opportunities for shared value that benefit the entire population. Women and youth are critical groups that represent significant potential to drive innovation and promote global competitiveness. Through education and training, women and youth can acquire valuable skills and knowledge that can enable them to compete in the global market. By promoting education and training, Nigeria can attract foreign investment, create job opportunities, and promote economic growth. One of the competitive advantages of women and youth in Nigeria is their creativity, resilience, and adaptability. Women and youth have demonstrated the ability to overcome challenges and develop innovative solutions that address social and economic issues. However, women and youth still face significant barriers to economic participation, including limited access to finance, a lack of opportunities, and discriminatory cultural norms.