The participation of women in the Nigerian tech sector is low. In a survey of tech firms conducted by the ONE Campaign and the Center for Global Development, only about 30 percent were owned by women, mostly concentrated in e-commerce and enterprise solutions. Of women-owned firms, the median share of ownership is 20 percent. Tech firms do not employ many women either—31 firms in our sample employ no women at all. The median value is two female employees per firm.
CGD Policy Blogs
The world of digital financial services (DFS)—mobile money, mobile banking, digital payment platforms, and FinTechs—is the new frontier for financial inclusion. But what does this frontier mean for women—and how can we navigate it using harmonized gender data? Starting with the G7 gender ministerial later this week, several high-level meetings in the next six months provide an opportunity for the international community to begin addressing that question by setting a common gender data agenda—a necessary step if DFS are to help close the financial inclusion gender gap.
While there are several success stories where technology has helped level the playing field and brought economic opportunities to vulnerable communities in India, the question remains: Will technology help advance gender equality, or will it instead fuel a growing gender-digital divide?
I wrote last week that with an Administration and Congress both prioritizing gender equality and women’s economic empowerment, now was a good time to put in place legislation that would leverage the power of US-based multinational enterprises to encourage gender equality in the workplace in countries that legally enforced discrimination. A recent case of US-based multinational enterprises abetting discrimination suggests an extension to the law, and the creation of the new US Development Finance Corporation provides a new tool for the legislation to use.