FG Backs UNIDO’s $60m Country Plan for Industrialisation

Manufacturing

Nigeria’s Minister of Industry, Trade and Investment, Mr. Adeniyi Adebayo has welcomed the United Nations Industrial Development Organisation’s (UNIDO) new five-year programme towards the industrialisation of the economy.

The UNIDO – Nigeria Country Programme, which covers from 2018-2022, was signed in November 2018, with budget of $60 million.

The federal government is expected to provide half of the amount as counterpart funding, while UNIDO would work with the government to mobilise the balance from other partners.

The minister said the plan would help Nigeria achieve inclusive and sustainable industrial development as it is aligned with the federal government’s current economic and industrialisation priorities and agenda.

He spoke in Abuja during the partnership round-table meeting organised by the Ministry of Industry, Trade and Investment, and the Ministry of Finance, Budget and National Planning, in collaboration with UNIDO.

 

Source: THISDAY

 

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