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UNIDO ITPO Nigeria

UNIDO ITPO Nigeria. Overview and Highlights Presented by ITPO NigeriaTeam. Worldwide ITPO Network. Russia. China (Beijing). Germany. Italy. Japan. China (Shanghai). Republic of Korea. Bahrain. Nigeria. Introduction.

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UNIDO ITPO Nigeria

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  1. UNIDO ITPO Nigeria Overview and Highlights Presented by ITPO NigeriaTeam

  2. Worldwide ITPO Network Russia China (Beijing) Germany Italy Japan China (Shanghai) Republic of Korea Bahrain Nigeria

  3. Introduction • UNIDO ITPO Nigeria was officially inaugurated on 28 April, 2015 and formally launched on 15 March 2016. • ITPO Nigeria is based in Lagos, Nigeria. • Lagos was chosen as the most practical location for the ITPO due to the presence of many important private sector companies and enterprises and a strong business and financial hub. • While Lagos has strong manufacturing and service sectors, they still need diversification, investment, technology upgrading, and trade facilitation.

  4. ITPO Nigeria (Lagos) - Established in 2015 - Main counterpart: Federal Ministry of Industry, Trade and Investment (FMITI), Nigeria Other Partners: Nigerian Investment Promotion Commission National Office for Technology Acquisition and Promotion Nigeria Export Promotion Council Bank of Industry Development Finance Department of the Central Bank of Nigeria National Quality Infrastructure Programme Federal Ministry of Science and Technology Economic Community of West African States (ECOWAS)

  5. Objectives Of ITPO Nigeria • Long term: drive the process of rapid industrial development, create jobs and expand/diversify the industrial base of Nigeria. The focus of the ITPO will be to promote industrial cooperation, investment and technology transfer between Nigeria and industrialized/emerging countries as well as ECOWAS countries. Specific objectives of ITPO Nigeria : • Support the efforts of Nigeria to attract needed investments and technology for industrial development, especially towards MSMEs; • Effectively link Nigeria with other countries in the UNIDO ITPO network to promote mutually beneficial industrial and technology cooperation.

  6. ITPO Nigeria Activities: • Networking with business community and institutions in host countries to disseminate opportunities for investment and technology transfer; • Facilitating contact between potential foreign and local investors and technology suppliers through meetings, events and other appropriate means to support negotiations on investment ventures and technology partnerships; • Capacity building using COMFAR, EDIP and other UNIDO tools to improve viability of businesses; • Organizing delegate programmes, representing both public and private sector, from and to developing countries and facilitating direct contact between members of these delegations with the host local industry community and institutions; • Organising key investment and technology related events to match make potential investors with partners.

  7. MSME Cluster Development • The Cluster Development approach is a key strategy for enhancing the productivity and competitiveness as well as capacity building of Micro Small and Medium Enterprises (MSMEs) and their collectives in the country. • A cluster is a group of enterprises located within an identifiable and as far as practicable, contiguous area and producing same / similar products / services.

  8. Characteristics Of Enterprises In A Cluster • Similarity or complementarity in the methods of production, quality control and testing, energy consumption, pollution control, etc • Similar level of technology and marketing strategies / practices • Similar channels for communication among the members of the cluster • Common challenges and opportunities.

  9. Objectives Of The Scheme • To support the sustainability and growth of MSMEs by addressing common issues such as improvement of technology, skills and quality, market access, access to capital, etc. • To build capacity of MSMEs for common supportive action through formation of self-help groups, consortia, upgradation of associations, etc. • To create/upgrade infrastructural facilities in the new/existing industrial areas/ clusters of MSEs, including setting up of Flatted Factory Complexes. • To set up common facility centres (for testing, training centre, raw material depot, effluent treatment, complementing production processes, etc.)

  10. Highlights and Activities MSME • UNIDO ITPO Nigeria initiated a programme in partnership with public and private sector institutions aimed at upgrading the financial literacy of MSMEs in Nigeria. • The move is aimed at implementing United Nations’ Third Industrial Development Decade for Africa (IDDA III) which emphasizes the importance of industrialization to sustained, inclusive and sustainable economic growth and accelerated development in Africa.

  11. Highlights and Activities MSME • UNIDO ITPO Nigeria held a number of workshops(with private sector organizations and governmental agencies) on the use of UNIDO tools and methodologies for the preparation and appraisal of investment projects, • Eight of such workshops were organised across Nigeria, one in Kano for women and youths, three were held in Abuja, while four were held in Lagos.

  12. Highlights and Activities MSME • UNIDO ITPO also organised a special training session for women group of NACCIMA and LCCI. “The aim of these workshops is to help Nigeria prepare for the IDDA3 at grassroots level. • From the perspective of entrepreneurs, the most important factor is that they are “bank-ready.” Many Nigerian start-ups do not survive because they cannot cope with the financial aspects of business. • The problem of financial literacy affects a range of actors, starting with university graduates who cannot find jobs, to existing MSMEs, which cannot find the resources to grow.

  13. Highlights and Activities MSME • UNIDO through its regional office in Nigeria in a bid to support the FGN ERGP in facilitating job creation is planning to implement entrepreneurship training programme to strengthen MSME • This training will be carried out by specialised resource persons • Closely related UNIDO also plans to establish an holistic one shop centre for MSMEs in Lagos in commemoration of the Africa Industrial day which will be held in November. • UNIDO ITPO also plans to commence profiling of some businesses with the aim of match making them with potential investments

  14. Highlights and Activities MSME(ITPO Bahrain)

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