February 21, 2019
Business News

Nigeria, UNIDO sign $60m deal

Nigeria and United Nations Industrial Development Organization, UNIDO have signed a sixty million dollar new country programme for sustainable industrial development.

The new programme which is the second in the series of UNIDO’s support to Nigeria is aimed at achieving the Sustainable Development Goals, SDG 9, focused on building infrastructure, promoting industrialization and innovation.

The intervention which is expected to run from 2018 to 2022 is aligned with the priorities of the federal government’s vision, 20:2020, the economic recovery and growth plan as well as the Nigeria industrial revolution plan.

At the signing in Abuja, the Director General of UNIDO, Mr. Li Yong pointed out that the new programme was specifically designed to consolidate on the achievements of the past country initiative implemented by the organization in Nigeria.

He said the programme which has a wider scope, would assist in the diversification of the federal government and fast track industrialization.

Mr. yong expressed commitment to the mobilization of funds for the full implementation of the programme.The Minister of Industry, Trade and Investment, Dr. Okechukwu Enelamah maintained that the previous partnership with UNIDO had added value to the efforts by Nigeria to achieve industrialization.

He said the new programme would create jobs, boost the diversification of the economy and reduce over dependence on imports. Dr. Enelamah pledged the support of Nigeria in ensuring the success of the programme.

Our correspondent reports that the Minister of Industry, Trade and Investment, Dr. Okechukwu Enelamah signed on behalf of the Nigerian Government while the Director General of UNIDO, Mr. Li Yong signed for his Organisation.

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