Nigeria may be moving towards gender equality, with the average female share in management at 20 percent, higher than the global average of 17 percent.
This emerges from a report by the International Finance Corporation on the Nigeria2Equal program entitled “Gender Equality in Nigeria’s Private Sector: A Gender Gap Assessment of 30 Leading Companies Listing on the Nigerian Exchange”.
According to the report, the total number of women in the workforce was 33 percent, below the global average of 37 percent.
According to the report, 30 percent of the companies analyzed in Nigeria achieved a gender balance among the workforce.
These companies included Access Bank, Ecobank Transnational Incorporated, FCMB Group, Fidelity Bank, Guaranty Trust Bank, Stanbic IBTC Holdings, Sterling Bank, United Bank for Africa, and Zenith Bank.
The average share of women at board level was 23 percent, which is close to the global average of 25 percent.
13 percent of the companies achieved a gender balance at board level. These included Lafarge Africa, NASCON Allied Industries, Transnational Corporation of Nigeria and Stanbic IBTC Holdings.
The report added that the average score for Nigerian companies on the Equileap Scorecard was 32 percent, compared to the global average of 34 percent.
Five of the companies – FBN Holdings, International Breweries, Nestle Nigeria, Nigerian Breweries, Unilever Nigeria – had a living wage policy.
None of the companies published gender pay information (numeric) or a strategy to close the gender pay gap.
Nigeria2Equal, an initiative to ensure that both men and women are equal in the organization, is an IFC-led multi-stakeholder program in partnership with the Nigerian Exchange.
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