UNIDO to develop Small businesses in Nigeria

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ABUJA, JULY 12, 2017 – Nigeria’s Small and Medium Enterprises (SMEs) will soon receive boost as the United Nations Industrial Development Organisation (UNIDO), will help develop the sector.

UNIDO’s Chief Technical Adviser, Investment and Technology Promotion Office, Stanislaw Pigon, who stated this at a breakfast meeting with agencies of government in Abuja, yesterday, said the idea was to foster enterprise and investment promotion across every sphere of the business strata in Nigeria.

He said the focus on enterprise development was borne out of the discovery that investors in the country did not have the desired skill and knowledge of enterprise development, saying this has affected the country’s economic growth.

Pigon said UNIDO-ITPO, was training professionals of various associations in the private sector, financial institutions and governmental investment promotion institutions, so that they would in turn, train Nigerian businesses.

He said Nigeria could leap-frog in economic diversification, industrial upgrading and technological innovation, to make it a more competitive brand in the African continent and the world at large, adding that UNIDO ITPO would like to transfer knowledge and introduce the best practices in preparation for the investment process.

“This way, the investment project will be presented outside Nigeria in form of attractive portfolio. But then, it is not only to train the trainers; we would also like to interact with the universities and the educational sector in general. We want the graduates to be prepared for business in life,” he stated.

Also speaking, the Head, UNIDO ITPO, Nigeria, Mrs. Adebisi Olumodimu, said the primary target of the capacity building programme was to support the Federal Government’s bid to diversify the economy.

She said the country needed to demonstrate its readiness to diversify her economy and take advantage of unlimited opportunities in the non-oil sector now, especially with the dwindling prices of crude oil in the global market.

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