Nigeria has been receiving support from various investors as the west African country seeks to make strides to economic recovery.
The federal government and UNIDO recently signed a $60 million new country programme for the country to cover industrial governance, research and statistics, and Micro Small and Medium Enterprises development programmes.
According to News Agency of Nigeria, the programme is part of Nigerian efforts to accelerate the country’s industrialisation process through the Economic Recovery and Growth Plan.
Okechukwu Enelamah, the Minister, Industry, Trade and Investment signed on behalf of the Federal Government, while Li Yong, the Director-General, UNIDO signed for his organisation.
Media cited Enelamah stating that UNIDO was encouraged by the success of the first country programme, which paved way for the new programmes. Read more: Nigeria’s investment landscape ‘under construction’
He said some of the achievements of the first programme, which ended in June 2018, included support for the development of the Nigeria Industrial Revolution Plan (NIRP) and capacity strengthening of the sector for its implementation.
The programme also covers Special Economic Zones (SEZs), industrial parks and private sector development programme innovation, as well as science and technology management programmes.
The rest are Agro-industry and agribusiness development programmes, minerals and metals development, trade capacity building, renewable energy development and environmental management programmes.
The country programme is reported to be an Inclusive and Sustainable Industrial Development plan (2018 – 2022) with the Nigerian government.
It is the second in the series of initiatives showing UNIDO’s support for Nigeria, and is aimed at enhancing Nigeria’s drive towards inclusive and sustainable industrial development.
The programme is aligned to the priorities of the federal government as outlined in Vision 20:2020 (NV 20:2020), Economic Recovery and Growth Plan and the Nigeria Industrial Revolution Plan.