Telecommunication giant MTN Nigeria has said it will reserve up to 70% of slots for its female staff during promotion and recruitment exercises.
The move will help the company to achieve gender parity among its workforce, MTN Nigeria’s chief operating officer Karl Toriola said last week during the signing of its commitment to the United Nations Women Empowerment Principles (UNWEPS) in Lagos.
“We do this through a deliberate action and we are thinking on a principle that any recruitment and promotion that happen in the company, we are going to do our best to reserve up to 70 per cent for women,” Toriola said.
“Because we have calculated that to meet our commitment to achieving gender equality by 2030, we have to consciously be reserving posts with those numbers every year in that direction, or else we won’t hit that target.”
Established by the UN Global Compact and UN Women, the United Nations Women’s Empowerment Principles (WEPs) offer guidance to businesses on how to advance gender equality and women’s empowerment in the workplace, marketplace and community.
The signing of the commitment document last Thursday came about three years after the MTN Group signed the UNWEPS. The group said gender empowerment is a key strategic component of its social investment in countries where it operates.
Singing the UNWEPS is a no-brainer for MTN Nigeria. Women play a significant role in the success of its primary offer in 2021. With the subscription made accessible through a digital application platform for retail investors, the primary offer was over-subscribed by 139 per cent.
Approximately 76 per cent of successful applicants via digital platforms were women, and 85 per cent are under age 40, the telco giant said.
Senior Country Manager for the International Finance Corporation (IFC) Mr Kalim M. Shah said MTN Nigeria’s signing of the UNWEPS underscored the importance of gender equality for economic development and growth.
“It brings attention to the pivotal role the private sector can play in advancing gender equality to achieve the Sustainable Development Goals and to raise awareness about the Women’s Empowerment Principles (WEPs), which emphasizes the business case for corporate action to promote gender equality and women’s empowerment”.