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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.

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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