The global financial institution said this in its Women, Business and the
Law, WBL, 2022 report , released on Tuesday. WBL measures laws and regulations across 190 countries in eight areas impacting women’s economic participation, including mobility, workplace, pay, marriage, parenthood, entrepreneurship, assets, and pensions. According to World Bank, the gap between expected lifetime earnings among men and women globally is $172 trillion — nearly two times the world’s annual GDP. The report added that the Middle East, North Africa and some sub- Saharan Africa regions showed the largest improvements in the WBL Index in 2021, though they continue to lag behind other parts of the world overall. The report is coming amid development as the Nigerian legislators voted in the ongoing constitutional amendment process against crucial bills aiming to politically empower women in Nigeria.
