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Home Economy/Technology

UNIDO pledges to support Nigeria accelerate industrialisation process

UNIDO

The Matters Press by The Matters Press
July 29, 2022
Reading Time: 2 mins read
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UNIDO pledges to support Nigeria accelerate industrialisation process

The United Nations Industrial Development Organisation.( UNIDO) has said it would provide the Nigerian government the needed support to accelerate its industrialisation process.
Mr Jean Bakole, the Regional Director of UNIDO and ECOWAS Representative, said on Thursday in Abuja that the organisation received a request from president Muhammadu Buhari to bring its support Nigeria’s initiatives aimed at diversifying the economy and boosting economic growth.

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He added that the request showed the commitment of the Nigerian government to boost its economy through the acceleration of the industrial sector.

He said that UNIDO would also support the public and private partnership initiatives of the government to ensure both parties achieve the mandate.

According to him, the public institutions can not achieve their objectives in accelerating industrialisation programme without partnership with the private sector.

He added that the private sector would not get it right in actualising the desired goals without adhering to the regulatory framework provided by the government.

Bakole also said that regulatory framework and policy of the government of Nigeria had created a number of incentives that would guide the private sector in meeting its target .

” The government is focusing on one of the sectors which is economic sector and UNIDO has key roles to play in supporting the government in achieving its mandate

” UNIDO activities in the country are quite dynamic and the country has designed a development plan that kicks off from 2022- 2026 which highlights on key sectors such as industralisation.

” We are going to give our support in areas such as the agro processing, manufacturing sector , MSMEs , Energy, power supply , environment amongst orhers, ” he said.

He mentioned Public-Private Partnership (PPP) as key in achieving industrialisation .

“It is also imperative to consider a policy and framework that is favourable to all parties in order to achieve the desired goal,” he said.

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