Africa Loses $95bn Yearly To Gender Inequality, Says UNDP Report

Africa Loses $95bn Yearly To Gender Inequality, Says UNDP Report
The United Nations Development Programme (UNDP) wants sub-Saharan Africa to take the issue of women empowerment beyond being just a singsong and realise that it is key to the continent’s agric sector transformation and the attendant gains there from.
In its 2016 Africa Human Development Report (AfHDR) —Accelerating Gender Equality and Women’s Empowerment in Africa, the UNDP noted that Africa loses about US$95 billion yearly to gender inequality.
This, the report which was launched globally on 28 August 2016 in Nairobi, Kenya, on the sidelines of the 6th Tokyo International Conference on African Development (TICAD VI) noted, further hampers efforts at inclusive human development and economic growth.
The report , presented on Monday 5 December, at a special event held on the first day of the 2016 African Economic Conference (AEC) in Abuja, Nigeria.
The report’s findings make gender equality an economic and development issue, because they are of significant relevance to the ongoing conference themed Feeding Africa: Towards Agro-Allied Industrialization for Inclusive Growth.
In a statement on Tuesday night by UNDP Africa, agricultural transformation on the continent “will require reforms that guarantee equal and sustainable access to land and protect the rights of marginalized women in Africa.
“It also indicates that African women hold 66 percent of all jobs in the non-agricultural informal sector, spend 40 billion hours a year collecting water, yet only make 70 cents for each dollar made by men.”
Speaking to the urgency of fully engaging and empowering African women, Mr. Abdoulaye Mar Dieye said: “The continent continues to lose out in both economic and development terms as long as the potential of women remains untapped.”
Specifically on Nigeria, UNDP Resident Representative Kallon spoke of a “need to get women not to only participate actively in productive activities but also to get fair reward for their labor”.
Ms. Angela Lusigi, a leading contributor, said the AfDH Report, detailed its policy recommendations which call, among other things, for the adoption of legal reforms, policies and programmes to advance women’s economic empowerment, and promoting their access to ownership and management of assets and resources.
“There is urgent need to engage more women in decision making at all levels if the continent is to realize its full potential.” said Angela Lusigi.
The report’s also advocates stronger alliances among governments, private sector, civil society and development partners and the creation of an African Women Investment Bank and Women Investment Windows in national and regional development banks.
The ceremony was preceded by a panel discussion moderated by UNDP Africa Chief Economist Ayodele Odusola. Panelists included Abdoulaye Mar Dieye, UNDP Assistant Administrator and Regional Director for Africa; Edward Kallon, UNDP Resident Coordinator and Resident Representative in Nigeria (incoming); Angela Lusigi, UNDP Africa Strategic Advisor; Tunde Lawal, Director in the Federal Ministry of Budget and National Planning; Adhi Fatungai, UNWomen Deputy Director; and Barabra Barungi, AfDB Lead Economist.