Connect with us

UNIDO

  •  The Federal Government on Friday unveiled the Nigeria Cooling Action Plan N CAP to promote sustainable and affordable access to cooling system The Minister of Environment Mr Mohammed Abdullahi while unveiling the N CAP at the commemoration of World Ozone Day WOD in Abuja said the objective of N CAP was to deliver the global environment agenda The minister was represented by Mr Charles Ikea Director Pollution and Environmental Health of the ministry Abdullahi said that the WOD is an annual event that commemorates the date of the signing of the Montreal Protocol MP on substances that deplete the Ozone layer in 1987 He said the Montreal Protocol has continued to provide a platform for more than 198 countries to work together to phase out Ozone Depleting Substances ODS so as to protect the Ozone layer Abdullahi said that the protocol was the most successful environmental agreement to date with universal ratification The minister said that the theme for the 2022 WOD is Montreal Protocol at 35 Global Cooperation Protecting life on Earth Abdullahi said that the theme highlighted the protocol s positive impact on the Ozone layer He explained that Nigeria signed the Protocol in 1988 and subsequently ratified all its related amendments to further protect the climate Abdullahi said the ministry with United Nations Development UNDP United Nations Industrialisation Development Organisation UNIDO had been implementing the phase out programme in Nigeria According to him in order to ensure the operationalisation of the N CAP being unveiled an implementation plan is developed and agreed by stakeholders The Plan includes the strategies to be adopted activities or actions to ensure the success of these strategies the responsible parties and timeline A major strategy of the N CAP that will support the transformation of the market of inefficient cooling appliances to more efficient ones is the rebate scheme This is where a large number of energy efficient cooling appliances need to be procured and exchanged with obsolete and inefficient ones at a subsidised price Abdullahi said The minister said that the scheme would require adequate funding urging financial institutions to co operate and support the ministry He said cooperation of banks would also be needed in the procurement of efficient air conditioners that met the level of the air condition of the Minimum Energy Performance Standards MEPS This is recommended in the N CAP or even higher These efficient air conditioners can be installed in bank s ATM rooms and other spaces within the banking hall Abdullahi said He called on other development partners to support the government in the implementation of the N CAP by providing additional funding for the rebate scheme In the hospitality sector we also seek the co operation of hotels to procure efficient cooling appliances within the level of the MEPS recommended in the N CAP As for the agricultural sector the N CAP will play a key role in the efficient preservation of food thereby preventing food through a sustainable and efficient cold chain infrastructure In this food will be transported from the farms to retail outlets at a favourable temperature that will prevent food spoilage This will hopefully reduce contact between farmers and herders and prevent their incessant clashes Abdullahi said The Regional Director UNIDO Mr Jean Bakole said that 2022 marked the 35th year of signing the Montreal Protocol on substances that depleted the Ozone layer Bakole who was represented by Dr Osuji Otu National Programme Officer UNIDO said that the world achieved industrial success by discovering and manufacturing cooling gases aerosols for firefighting He said that the manufacturing of the items had created problems for the environment Bakole assured that the UNIDO would continue its commitment toward supporting the government to promote inclusive and sustainable industrialisation development NewsSourceCredit NAN
    World Ozone Day: FG unveils Nigeria’s Cooling Action Plan
     The Federal Government on Friday unveiled the Nigeria Cooling Action Plan N CAP to promote sustainable and affordable access to cooling system The Minister of Environment Mr Mohammed Abdullahi while unveiling the N CAP at the commemoration of World Ozone Day WOD in Abuja said the objective of N CAP was to deliver the global environment agenda The minister was represented by Mr Charles Ikea Director Pollution and Environmental Health of the ministry Abdullahi said that the WOD is an annual event that commemorates the date of the signing of the Montreal Protocol MP on substances that deplete the Ozone layer in 1987 He said the Montreal Protocol has continued to provide a platform for more than 198 countries to work together to phase out Ozone Depleting Substances ODS so as to protect the Ozone layer Abdullahi said that the protocol was the most successful environmental agreement to date with universal ratification The minister said that the theme for the 2022 WOD is Montreal Protocol at 35 Global Cooperation Protecting life on Earth Abdullahi said that the theme highlighted the protocol s positive impact on the Ozone layer He explained that Nigeria signed the Protocol in 1988 and subsequently ratified all its related amendments to further protect the climate Abdullahi said the ministry with United Nations Development UNDP United Nations Industrialisation Development Organisation UNIDO had been implementing the phase out programme in Nigeria According to him in order to ensure the operationalisation of the N CAP being unveiled an implementation plan is developed and agreed by stakeholders The Plan includes the strategies to be adopted activities or actions to ensure the success of these strategies the responsible parties and timeline A major strategy of the N CAP that will support the transformation of the market of inefficient cooling appliances to more efficient ones is the rebate scheme This is where a large number of energy efficient cooling appliances need to be procured and exchanged with obsolete and inefficient ones at a subsidised price Abdullahi said The minister said that the scheme would require adequate funding urging financial institutions to co operate and support the ministry He said cooperation of banks would also be needed in the procurement of efficient air conditioners that met the level of the air condition of the Minimum Energy Performance Standards MEPS This is recommended in the N CAP or even higher These efficient air conditioners can be installed in bank s ATM rooms and other spaces within the banking hall Abdullahi said He called on other development partners to support the government in the implementation of the N CAP by providing additional funding for the rebate scheme In the hospitality sector we also seek the co operation of hotels to procure efficient cooling appliances within the level of the MEPS recommended in the N CAP As for the agricultural sector the N CAP will play a key role in the efficient preservation of food thereby preventing food through a sustainable and efficient cold chain infrastructure In this food will be transported from the farms to retail outlets at a favourable temperature that will prevent food spoilage This will hopefully reduce contact between farmers and herders and prevent their incessant clashes Abdullahi said The Regional Director UNIDO Mr Jean Bakole said that 2022 marked the 35th year of signing the Montreal Protocol on substances that depleted the Ozone layer Bakole who was represented by Dr Osuji Otu National Programme Officer UNIDO said that the world achieved industrial success by discovering and manufacturing cooling gases aerosols for firefighting He said that the manufacturing of the items had created problems for the environment Bakole assured that the UNIDO would continue its commitment toward supporting the government to promote inclusive and sustainable industrialisation development NewsSourceCredit NAN
    World Ozone Day: FG unveils Nigeria’s Cooling Action Plan
    Environment1 week ago

    World Ozone Day: FG unveils Nigeria’s Cooling Action Plan

    The Federal Government on Friday unveiled the Nigeria Cooling Action Plan (N-CAP), to promote sustainable and affordable access to cooling system.

    The Minister of Environment, Mr Mohammed Abdullahi, while unveiling the N-CAP at the commemoration of World Ozone Day (WOD) in Abuja, said the objective of N-CAP was to deliver the global environment agenda.

    The minister was represented by Mr Charles Ikea, Director, Pollution and Environmental Health of the ministry.

    Abdullahi said that the WOD is an annual event that commemorates the date of the signing of the Montreal Protocol (MP) on substances that deplete the Ozone layer in 1987. He said the Montreal Protocol has continued to provide a platform for more than 198 countries to work together to phase out Ozone Depleting Substances (ODS), so as to protect the Ozone layer.

    Abdullahi said that the protocol was the most successful environmental agreement to date, with universal ratification.

    The minister said that the theme for the 2022 WOD is “Montreal Protocol at 35: Global Cooperation Protecting life on Earth”.

    Abdullahi said that the theme highlighted the protocol’s positive impact on the Ozone layer.

    He explained that Nigeria signed the Protocol in 1988 and subsequently ratified all its related amendments, to further protect the climate.

    Abdullahi said the ministry, with United Nations Development (UNDP), United Nations Industrialisation Development Organisation (UNIDO), had been implementing the phase – out programme in Nigeria.

    According to him, in order to ensure the operationalisation of the N-CAP being unveiled, an implementation plan is developed and agreed by stakeholders.

    “The Plan includes the strategies to be adopted, activities or actions to ensure the success of these strategies, the responsible parties and timeline.

    “A major strategy of the N-CAP that will support the transformation of the market of inefficient cooling appliances to more efficient ones, is the rebate scheme.

    “This is where a large number of energy efficient cooling appliances need to be procured and exchanged with obsolete and inefficient ones at a subsidised price,’’ Abdullahi said.

    The minister said that the scheme would require adequate funding, urging financial institutions to co-operate and support the ministry.

    He said cooperation of banks would also be needed in the procurement of efficient air conditioners that met the level of the air condition of the Minimum Energy Performance Standards (MEPS).

    “This is recommended in the N-CAP or even higher.

    These efficient air conditioners can be installed in bank`s ATM rooms and other spaces within the banking hall,’’ Abdullahi said.

    He called on other development partners to support the government in the implementation of the N-CAP by providing additional funding for the rebate scheme.

    “In the hospitality sector, we also seek the co-operation of hotels to procure efficient cooling appliances, within the level of the MEPS recommended in the N-CAP.

    “As for the agricultural sector, the N-CAP will play a key role in the efficient preservation of food, thereby, preventing food , through a sustainable and efficient cold chain infrastructure.

    “In this, food will be transported from the farms to retail outlets at a favourable temperature that will prevent food spoilage.

    “This will hopefully reduce contact between farmers and herders and prevent their incessant clashes,’’ Abdullahi said.

    The Regional Director, UNIDO, Mr Jean Bakole, said that 2022 marked the 35th year of signing the Montreal Protocol on substances that depleted the Ozone layer.

    Bakole, who was represented by Dr Osuji Otu, National Programme Officer, UNIDO, said that the world achieved industrial success by discovering and manufacturing cooling gases, aerosols for firefighting.

    He said that the manufacturing of the items had created problems for the environment.

    Bakole assured that the UNIDO would continue its commitment toward supporting the government to promote inclusive and sustainable industrialisation development.


    NewsSourceCredit: NAN

  •   The United Nations Economic Commission for Africa ECA and its partners conducted a 3 day Technical Review Panel TRP assessment workshop for its African Continental Free Trade Area AfCFTA anchored Pharmaceutical Initiative in Kigali Rwanda September 13 15 2022 The objective of the workshop was to review the Expression of Interest proposals submitted for the Local Pharmaceutical Production Pillar of the Initiative to produce Sexual Reproductive Maternal Neonatal and Child Health products SRMNCH in Africa The TRP whose members are WHO AFRO UNIDO UNICEF AUC AUDA NEPAD UNFPA United States Pharmacopeia USP and UNAIDS was chaired by WHO AFRO The Head of the ECA Regional Integration Section Mr Francis Ikome welcomed the members of the TRP and highlighted the historical events that led to the formation of the Pharmaceutical Initiative Mr Ikome led the meeting through a review of global and regional frameworks based on the initiative s three pillars namely joint procurement localized production and harmonized regulatory quality standards for medicines He emphasized that the ECA led AfCFTA Pharmaceutical Initiative provides a continentally anchored and validated plan for scaling up Sexual Reproductive Maternal Neonatal and Child Health SRMNCH products in Africa The Initiative also builds on the implementation of the African Medicines Agency AMA and the African Continental Free Trade Area AfCFTA In his opening remarks Dr Nyirimigabo Fatouma representing the Director General of the Rwanda Food and Drug Authority said that the Government of Rwanda strongly advocates joint procurement together with the pilot countries and as host to the Secretariat of the African Medicines Agency AMA He explained that we look forward to collaborating with all stakeholders to ensure that continental pharmaceutical production meets WHO standards Mr Moses Chisale TRP Chair and Technical Advisor to the World Health Organization Africa Region WHO AFRO said that the Pharmaceutical Initiative should be commended for the work it is doing especially with regard to to policy dialogue commitments He added that the AfCFTA anchored Pharmaceutical Initiative represents lucrative private sector investment and innovation opportunities that will change lives reduce poverty and contribute to inclusive and sustainable economic development in Africa After lengthy but productive deliberations the TRP selected five of the eleven companies for further evaluation under the Pharmaceutical Initiative Guidelines The selected companies will undergo further assessment to determine the technical and financial support they require from the ECA and its collaborating partners to enable them to increase the production of quality assured SRMNCH products in Africa
    The Technical Review Panel (TRP) selects five local manufacturers to support the expansion of the production of medicines and medical products
      The United Nations Economic Commission for Africa ECA and its partners conducted a 3 day Technical Review Panel TRP assessment workshop for its African Continental Free Trade Area AfCFTA anchored Pharmaceutical Initiative in Kigali Rwanda September 13 15 2022 The objective of the workshop was to review the Expression of Interest proposals submitted for the Local Pharmaceutical Production Pillar of the Initiative to produce Sexual Reproductive Maternal Neonatal and Child Health products SRMNCH in Africa The TRP whose members are WHO AFRO UNIDO UNICEF AUC AUDA NEPAD UNFPA United States Pharmacopeia USP and UNAIDS was chaired by WHO AFRO The Head of the ECA Regional Integration Section Mr Francis Ikome welcomed the members of the TRP and highlighted the historical events that led to the formation of the Pharmaceutical Initiative Mr Ikome led the meeting through a review of global and regional frameworks based on the initiative s three pillars namely joint procurement localized production and harmonized regulatory quality standards for medicines He emphasized that the ECA led AfCFTA Pharmaceutical Initiative provides a continentally anchored and validated plan for scaling up Sexual Reproductive Maternal Neonatal and Child Health SRMNCH products in Africa The Initiative also builds on the implementation of the African Medicines Agency AMA and the African Continental Free Trade Area AfCFTA In his opening remarks Dr Nyirimigabo Fatouma representing the Director General of the Rwanda Food and Drug Authority said that the Government of Rwanda strongly advocates joint procurement together with the pilot countries and as host to the Secretariat of the African Medicines Agency AMA He explained that we look forward to collaborating with all stakeholders to ensure that continental pharmaceutical production meets WHO standards Mr Moses Chisale TRP Chair and Technical Advisor to the World Health Organization Africa Region WHO AFRO said that the Pharmaceutical Initiative should be commended for the work it is doing especially with regard to to policy dialogue commitments He added that the AfCFTA anchored Pharmaceutical Initiative represents lucrative private sector investment and innovation opportunities that will change lives reduce poverty and contribute to inclusive and sustainable economic development in Africa After lengthy but productive deliberations the TRP selected five of the eleven companies for further evaluation under the Pharmaceutical Initiative Guidelines The selected companies will undergo further assessment to determine the technical and financial support they require from the ECA and its collaborating partners to enable them to increase the production of quality assured SRMNCH products in Africa
    The Technical Review Panel (TRP) selects five local manufacturers to support the expansion of the production of medicines and medical products
    Africa1 week ago

    The Technical Review Panel (TRP) selects five local manufacturers to support the expansion of the production of medicines and medical products

    The United Nations Economic Commission for Africa (ECA) and its partners conducted a 3-day Technical Review Panel (TRP) assessment workshop for its African Continental Free Trade Area (AfCFTA)-anchored Pharmaceutical Initiative in Kigali, Rwanda, September 13-15, 2022 The objective of the workshop was to review the Expression of Interest proposals submitted for the Local Pharmaceutical Production Pillar of the Initiative to produce Sexual, Reproductive, Maternal, Neonatal and Child Health products ( SRMNCH) in Africa.

    The TRP, whose members are WHO-AFRO, UNIDO, UNICEF, AUC, AUDA-NEPAD, UNFPA, United States Pharmacopeia (USP), and UNAIDS, was chaired by WHO-AFRO.

    The Head of the ECA Regional Integration Section, Mr. Francis Ikome, welcomed the members of the TRP and highlighted the historical events that led to the formation of the Pharmaceutical Initiative.

    Mr. Ikome led the meeting through a review of global and regional frameworks based on the initiative's three pillars, namely joint procurement, localized production, and harmonized regulatory quality standards for medicines.

    He emphasized that the ECA-led AfCFTA Pharmaceutical Initiative provides a continentally anchored and validated plan for scaling up Sexual Reproductive, Maternal, Neonatal and Child Health (SRMNCH) products in Africa.

    The Initiative also builds on the implementation of the African Medicines Agency (AMA) and the African Continental Free Trade Area (AfCFTA).

    In his opening remarks, Dr. Nyirimigabo Fatouma, representing the Director General of the Rwanda Food and Drug Authority, said that the Government of Rwanda strongly advocates joint procurement together with the pilot countries and as host to the Secretariat.

    of the African Medicines Agency (AMA).

    .

    He explained that "we look forward to collaborating with all stakeholders to ensure that continental pharmaceutical production meets WHO standards."

    Mr. Moses Chisale, TRP Chair and Technical Advisor to the World Health Organization Africa Region (WHO-AFRO), said that the Pharmaceutical Initiative should be commended for the work it is doing, especially with regard to to policy dialogue commitments.

    He added that "the AfCFTA-anchored Pharmaceutical Initiative represents lucrative private sector investment and innovation opportunities that will change lives, reduce poverty and contribute to inclusive and sustainable economic development in Africa."

    After lengthy but productive deliberations, the TRP selected five of the eleven companies for further evaluation under the Pharmaceutical Initiative Guidelines.

    The selected companies will undergo further assessment to determine the technical and financial support they require from the ECA and its collaborating partners to enable them to increase the production of quality-assured SRMNCH products in Africa.

  •  Indian High Commissioner to Nigeria Gangadharan Balasubramanian has said that strengthening bilateral relations with Nigeria like other countries and fostering development partnership is key in India s Foreign Policy The News Agency of Nigeria reports that the ITEC programme was instituted by a decision of the Indian Cabinet on Sept 15 1964 as a bilateral programme of assistance of the Government of India Balasubramanian made this known on Thursday in Abuja during the commemoration of the Indian Technical and Economic Programme ITEC 2022 at the High Commission in Abuja Balasubramanian said that the programme has been successful in Nigeria in the past 58 years with thousands of Nigerians who have benefitted from the programme and made meaningful impacts and contributions to Nigeria s development He said that the ITEC Programme is human centric and in line with the vision of India s Prime Minister Narendra Modi He explained that the vision of ITEC s programmes is that India s development partnership would be guided by priorities of partner countries and on terms that are comfortable with the partner countries ITEC was started by India in 1964 and since then we have been exchanging various courses for our friends in partner countries including Nigeria and I am very happy to not that many thousand Nigerians have actually benefited We give around 250 slots on the civilian sector and about 150 slots for training short term courses in the defense sector and most all of them have been utilized on a regular basis So for a period of 58 years you can see how these numbers would have multiplied and we are very happy to see friends in Nigeria who have done these short term programmes Equipped themselves and have come back to contribute to the economy and to the development of Nigeria And we are very happy to be a part of this journey From 2015 onwards we have trained nearly 250 people to 300 people on an annual basis So from 2013 till now over 2 400 people have been trained and this is on the civilian side On the defense side we have about 140 people per year also making it about 1 500 people trained also in the past eight years Fielding questions from journalists supporting Nigeria in the areas of defense and security Balasubramanian said under the ITEC programmes it would continue to expand opportunities for short courses in the defense field Balasubramanian said that ITEC Alumni in the defense sector have also attested to how all they learned have also boosted their performances ITEC courses which are short programmes have courses that have been taught in the defense and security sectors including for the National Defense College One of the National Defense Alumnus has spoken about that national security aspect which was given to him in the defense college so we will certainly continue to extend this facility to our Nigerian friends Balasubramanian said Mrs Olushola Idowu Permanent Secretary Ministry of Budget and National Planning appreciated the Indian government for the opportunity which Nigeria and its citizens have continued to benefit from On a yearly basis we get informed of courses and it is my responsibility to send it to different Ministries that are relevant to those particular courses and they will now send in students I stand here to say thank you to India for all you are doing and I hope the relationship will continue Idowu said NAN reports that the ITEC Day 2022 was celebrated with about 250 ITEC alumni and Nigerian Dignitaries in attendance NAN reports that the decision regarding setting up the ITEC programme was predicated on the underlying belief that it was necessary to establish relations of mutual concern and inter dependence based not only on commonly held ideals and aspirations but also on solid economic foundations The ITEC Programme is essentially bilateral in nature However in recent years ITEC resources have also been used for cooperation programmes conceived in regional and inter regional context such as Economic Commission for Africa Commonwealth Secretariat UNIDO Group of 77 and G 15 The programme fully funded by the Government of India has evolved and grown over the years Under ITEC 161 countries in Asia Africa East Europe Latin America the Caribbean as well as Pacific and Small Island countries are invited to share in the Indian developmental experience acquired over six decades of India s existence as a free nation NewsSourceCredit NAN
    ITEC 2022: Devt. partnership critical to India’s Foreign policy – Envoy
     Indian High Commissioner to Nigeria Gangadharan Balasubramanian has said that strengthening bilateral relations with Nigeria like other countries and fostering development partnership is key in India s Foreign Policy The News Agency of Nigeria reports that the ITEC programme was instituted by a decision of the Indian Cabinet on Sept 15 1964 as a bilateral programme of assistance of the Government of India Balasubramanian made this known on Thursday in Abuja during the commemoration of the Indian Technical and Economic Programme ITEC 2022 at the High Commission in Abuja Balasubramanian said that the programme has been successful in Nigeria in the past 58 years with thousands of Nigerians who have benefitted from the programme and made meaningful impacts and contributions to Nigeria s development He said that the ITEC Programme is human centric and in line with the vision of India s Prime Minister Narendra Modi He explained that the vision of ITEC s programmes is that India s development partnership would be guided by priorities of partner countries and on terms that are comfortable with the partner countries ITEC was started by India in 1964 and since then we have been exchanging various courses for our friends in partner countries including Nigeria and I am very happy to not that many thousand Nigerians have actually benefited We give around 250 slots on the civilian sector and about 150 slots for training short term courses in the defense sector and most all of them have been utilized on a regular basis So for a period of 58 years you can see how these numbers would have multiplied and we are very happy to see friends in Nigeria who have done these short term programmes Equipped themselves and have come back to contribute to the economy and to the development of Nigeria And we are very happy to be a part of this journey From 2015 onwards we have trained nearly 250 people to 300 people on an annual basis So from 2013 till now over 2 400 people have been trained and this is on the civilian side On the defense side we have about 140 people per year also making it about 1 500 people trained also in the past eight years Fielding questions from journalists supporting Nigeria in the areas of defense and security Balasubramanian said under the ITEC programmes it would continue to expand opportunities for short courses in the defense field Balasubramanian said that ITEC Alumni in the defense sector have also attested to how all they learned have also boosted their performances ITEC courses which are short programmes have courses that have been taught in the defense and security sectors including for the National Defense College One of the National Defense Alumnus has spoken about that national security aspect which was given to him in the defense college so we will certainly continue to extend this facility to our Nigerian friends Balasubramanian said Mrs Olushola Idowu Permanent Secretary Ministry of Budget and National Planning appreciated the Indian government for the opportunity which Nigeria and its citizens have continued to benefit from On a yearly basis we get informed of courses and it is my responsibility to send it to different Ministries that are relevant to those particular courses and they will now send in students I stand here to say thank you to India for all you are doing and I hope the relationship will continue Idowu said NAN reports that the ITEC Day 2022 was celebrated with about 250 ITEC alumni and Nigerian Dignitaries in attendance NAN reports that the decision regarding setting up the ITEC programme was predicated on the underlying belief that it was necessary to establish relations of mutual concern and inter dependence based not only on commonly held ideals and aspirations but also on solid economic foundations The ITEC Programme is essentially bilateral in nature However in recent years ITEC resources have also been used for cooperation programmes conceived in regional and inter regional context such as Economic Commission for Africa Commonwealth Secretariat UNIDO Group of 77 and G 15 The programme fully funded by the Government of India has evolved and grown over the years Under ITEC 161 countries in Asia Africa East Europe Latin America the Caribbean as well as Pacific and Small Island countries are invited to share in the Indian developmental experience acquired over six decades of India s existence as a free nation NewsSourceCredit NAN
    ITEC 2022: Devt. partnership critical to India’s Foreign policy – Envoy
    Foreign1 week ago

    ITEC 2022: Devt. partnership critical to India’s Foreign policy – Envoy

    Indian High Commissioner to Nigeria, Gangadharan Balasubramanian has said that strengthening bilateral relations with Nigeria, like other countries and fostering development partnership is key in India’s Foreign Policy.

    The News Agency of Nigeria reports that the ITEC programme was instituted by a decision of the Indian Cabinet on Sept. 15, 1964 as a bilateral programme of assistance of the Government of India.

    Balasubramanian made this known on Thursday in Abuja during the commemoration of the Indian Technical and Economic Programme (ITEC) 2022 at the High Commission in Abuja.

    Balasubramanian said that the programme has been successful in Nigeria in the past 58 years with thousands of Nigerians who have benefitted from the programme and made meaningful impacts and contributions to Nigeria’s development.

    He said that the ITEC Programme is human centric and in line with the vision of India’s Prime Minister, Narendra Modi. He explained that the vision of ITEC’s programmes is that India’s development partnership would be guided by priorities of partner countries and on terms that are comfortable with the partner countries.

    “ITEC was started by India in 1964 and since then we have been exchanging various courses for our friends in partner countries including Nigeria and I am very happy to not that many thousand Nigerians have actually benefited.

    “We give around 250 slots on the civilian sector and about 150 slots for training, short term courses in the defense sector and most all of them have been utilized on a regular basis.

    “So for a period of 58 years, you can see how these numbers would have multiplied and we are very happy to see friends in Nigeria who have done these short-term programmes.

    “Equipped themselves and have come back to contribute to the economy and to the development of Nigeria.

    And we are very happy to be a part of this journey.

    “From 2015 onwards, we have trained nearly 250 people to 300 people on an annual basis.

    So from 2013 till now over 2,400 people have been trained and this is on the civilian side.

    “On the defense side we have about 140 people per year also making it about 1,500 people trained also in the past eight years.

    Fielding questions from journalists supporting Nigeria in the areas of defense and security, Balasubramanian said under the ITEC programmes it would continue to expand opportunities for short courses in the defense field.

    Balasubramanian said that ITEC Alumni in the defense sector have also attested to how all they learned have also boosted their performances.

    “ITEC courses which are short programmes have courses that have been taught in the defense and security sectors, including for the National Defense College.

    “One of the National Defense Alumnus has spoken about that national security aspect which was given to him in the defense college so we will certainly continue to extend this facility to our Nigerian friends,” Balasubramanian said.

    Mrs Olushola Idowu, Permanent Secretary Ministry of Budget and National Planning, appreciated the Indian government for the opportunity which Nigeria and its citizens have continued to benefit from.

    “On a yearly basis we get informed of courses and it is my responsibility to send it to different Ministries that are relevant to those particular courses and they will now send in students.

    ”I stand here to say thank you to India for all you are doing and I hope the relationship will continue,” Idowu said.

    NAN reports that the ITEC Day 2022 was celebrated with about 250 ITEC alumni, and Nigerian Dignitaries in attendance.

    NAN reports that the decision regarding setting up the ITEC programme was predicated on the underlying belief that “it was necessary to establish relations of mutual concern and inter-dependence based not only on commonly held ideals and aspirations, but also on solid economic foundations.

    The ITEC Programme is essentially bilateral in nature.

    However, in recent years, ITEC resources have also been used for cooperation programmes conceived in regional and inter-regional context such as Economic Commission for Africa, Commonwealth Secretariat, UNIDO, Group of 77 and G-15. The programme, fully funded by the Government of India, has evolved and grown over the years.

    Under ITEC, 161 countries in Asia, Africa, East Europe, Latin America, the Caribbean as well as Pacific and Small Island countries are invited to share in the Indian developmental experience acquired over six decades of India’s existence as a free nation.


    NewsSourceCredit: NAN

  •  Mr Babatunde Irukera Vice Chairman Executive Officer of the Federal Competition and Consumer Protection Commission FCCPC says the commission is committed to promoting sustainable consumption in the country Irukera said this at a one day stakeholders workshop on National Sustainable Consumption and Waste Management in Nigeria on Tuesday in Lagos The workshop was organised by FCCPC Taskforce on the implementation of guiding principles on sustainable consumption to galvanise its operations He said to realise this objective the commission was working on an action plan for sustainable consumption which would soon be adopted to ensure an environmental friendly consumption behaviour in the country He said the sustainable consumption initiative was borne out a decision reached by stakeholders during the 2020 World Consumer Rights Day Irukera said the FCCPC promoted and proposed the adoption of certain guiding principles for sustainable consumption at the annual World Consumer Rights Day of 2020 The FCCPC boss said agreed sustainable consumption included consumer advocacy and regulatory engagement efforts in collaboration with the food and beverage companies About two years ago the FCCPC and alliance of food and beverages companies that sell their products using plastics came together at the consumers right day They decided that we should set up a taskforce that will address the question of sustainable consumption They have being working for the past two years and they have come up with an action plan he said He noted that the advocacy aspect involved engaging consumers more on handling waste generally particularly plastic which does not decompose as well as managing it in a manner that promotes recycling and saves the environment Irukera also said the other aspect entailed getting the companies to come together to adopt self regulatory principles The level of plastic waste management in the country is high and we have a big problem with that Although not as high as in other parts of the world but again we are talking about a particular waste here which is plastic and it is non degradable We also need to find more cost effective ways of distributing products and at the same time get consumers to be sensitive to their own habits he said According to him since the taskforce came into existence what it has done is mostly to come out with a plan In the interim while they were coming up with a plan we have done some advocacy work We see that recycling has become prevalent in the country We don t take credit for that but we have contributed to that process You must have seen in the news that we are trying to address producing multiple products in sachets so that we can make more progress and which has contributed to addressing this in a rubost manner he added Mr Christ Wulff Caesar Acting Chairman of the FCCPC Sustainable Consumption Taskforce said the action plan would be for the next five to 10 years He said the action plan would allow manufacturers consumers civil society groups recyclers all to work within a framework that ensured sustainable process especially with emphasis on disposing plastic waste According to him Nigerians should be responsible in a way to ensure sustainability of the environment In order to ensure sustainable consumption we need to change our behaviour on what we do as consumers manufacturers recyclers and civil society groups First of all as a taskforce our mandate is to evaluate policies in place and available data knowing the gaps we need to close which a committee is looking into so that we can change the legislation and behaviour of a society It is important to know what the problem we are dealing with is But at the end of the day the next phase of the taskforce is to communicate to the public the ideals and what is required in terms of sustainable consumption said Wulff Caesar Also Agharese Onaghise Executive Secretary of Food and Brevage Recycle Alliance said members supported the operations in waste management value chain enforced collection and recovery into productive use Onaghise said members also ensured community engagement education and awareness which the group continued to promote She said It s very critical for use in Nigeria to promote behavioural change for people to understand that the packaging material can be collected in an effective way so that it can be recycled effectively Lastly we also support policy drive dialogue When it comes to waste management in the country we need to implement an integrated approach This is because we know that a lot of us also consume products and these products have packaging materials How do we dispose them If we segregate at the source it would go a long way in ensuring an effective collective system so that effectively we can recycle and also manage the waste that comes out of the product The UNIDO Regional Director Mr Jean Bakole commended FCCPC for constructing the taskforce to come up with a framework for sustainable consumption and Waste Management with a focus on plastic waste in particular Bankole was represented by UNIDO s Private Sector development expert Mr Mustapha Alhaji The News Agency of Nigeria reports that the key stakeholders at the workshop are FCCPC Standards Organisation of Nigeria SON National Environmental Standards and Regulations Enforcement Agency NESREA and Federal Ministry of Health Others include Federal Ministry of Environment Civil Society Organisations and industry represented by Food and Beverage Recycling Alliance all adopted and committed to the principles NewsSourceCredit NAN
    FCCPC tasks Nigerians on sustainable consumption
     Mr Babatunde Irukera Vice Chairman Executive Officer of the Federal Competition and Consumer Protection Commission FCCPC says the commission is committed to promoting sustainable consumption in the country Irukera said this at a one day stakeholders workshop on National Sustainable Consumption and Waste Management in Nigeria on Tuesday in Lagos The workshop was organised by FCCPC Taskforce on the implementation of guiding principles on sustainable consumption to galvanise its operations He said to realise this objective the commission was working on an action plan for sustainable consumption which would soon be adopted to ensure an environmental friendly consumption behaviour in the country He said the sustainable consumption initiative was borne out a decision reached by stakeholders during the 2020 World Consumer Rights Day Irukera said the FCCPC promoted and proposed the adoption of certain guiding principles for sustainable consumption at the annual World Consumer Rights Day of 2020 The FCCPC boss said agreed sustainable consumption included consumer advocacy and regulatory engagement efforts in collaboration with the food and beverage companies About two years ago the FCCPC and alliance of food and beverages companies that sell their products using plastics came together at the consumers right day They decided that we should set up a taskforce that will address the question of sustainable consumption They have being working for the past two years and they have come up with an action plan he said He noted that the advocacy aspect involved engaging consumers more on handling waste generally particularly plastic which does not decompose as well as managing it in a manner that promotes recycling and saves the environment Irukera also said the other aspect entailed getting the companies to come together to adopt self regulatory principles The level of plastic waste management in the country is high and we have a big problem with that Although not as high as in other parts of the world but again we are talking about a particular waste here which is plastic and it is non degradable We also need to find more cost effective ways of distributing products and at the same time get consumers to be sensitive to their own habits he said According to him since the taskforce came into existence what it has done is mostly to come out with a plan In the interim while they were coming up with a plan we have done some advocacy work We see that recycling has become prevalent in the country We don t take credit for that but we have contributed to that process You must have seen in the news that we are trying to address producing multiple products in sachets so that we can make more progress and which has contributed to addressing this in a rubost manner he added Mr Christ Wulff Caesar Acting Chairman of the FCCPC Sustainable Consumption Taskforce said the action plan would be for the next five to 10 years He said the action plan would allow manufacturers consumers civil society groups recyclers all to work within a framework that ensured sustainable process especially with emphasis on disposing plastic waste According to him Nigerians should be responsible in a way to ensure sustainability of the environment In order to ensure sustainable consumption we need to change our behaviour on what we do as consumers manufacturers recyclers and civil society groups First of all as a taskforce our mandate is to evaluate policies in place and available data knowing the gaps we need to close which a committee is looking into so that we can change the legislation and behaviour of a society It is important to know what the problem we are dealing with is But at the end of the day the next phase of the taskforce is to communicate to the public the ideals and what is required in terms of sustainable consumption said Wulff Caesar Also Agharese Onaghise Executive Secretary of Food and Brevage Recycle Alliance said members supported the operations in waste management value chain enforced collection and recovery into productive use Onaghise said members also ensured community engagement education and awareness which the group continued to promote She said It s very critical for use in Nigeria to promote behavioural change for people to understand that the packaging material can be collected in an effective way so that it can be recycled effectively Lastly we also support policy drive dialogue When it comes to waste management in the country we need to implement an integrated approach This is because we know that a lot of us also consume products and these products have packaging materials How do we dispose them If we segregate at the source it would go a long way in ensuring an effective collective system so that effectively we can recycle and also manage the waste that comes out of the product The UNIDO Regional Director Mr Jean Bakole commended FCCPC for constructing the taskforce to come up with a framework for sustainable consumption and Waste Management with a focus on plastic waste in particular Bankole was represented by UNIDO s Private Sector development expert Mr Mustapha Alhaji The News Agency of Nigeria reports that the key stakeholders at the workshop are FCCPC Standards Organisation of Nigeria SON National Environmental Standards and Regulations Enforcement Agency NESREA and Federal Ministry of Health Others include Federal Ministry of Environment Civil Society Organisations and industry represented by Food and Beverage Recycling Alliance all adopted and committed to the principles NewsSourceCredit NAN
    FCCPC tasks Nigerians on sustainable consumption
    Economy2 weeks ago

    FCCPC tasks Nigerians on sustainable consumption

    Mr Babatunde Irukera, Vice Chairman Executive Officer of the Federal Competition and Consumer Protection Commission (FCCPC), says the commission is committed to promoting sustainable consumption in the country.

    Irukera said this at a one-day stakeholders’ workshop on National Sustainable Consumption and Waste Management in Nigeria on Tuesday in Lagos.

    The workshop was organised by FCCPC Taskforce on the implementation of guiding principles on sustainable consumption, to galvanise its operations.

    He said to realise this objective, the commission was working on an action plan for sustainable consumption, which would soon be adopted to ensure an environmental-friendly consumption behaviour in the country.

    He said the sustainable consumption initiative was borne out a decision reached by stakeholders during the 2020 World Consumer Rights Day. Irukera said the FCCPC promoted and proposed the adoption of certain guiding principles for sustainable consumption at the annual World Consumer Rights Day of 2020. The FCCPC boss said agreed sustainable consumption included consumer advocacy and regulatory engagement efforts in collaboration with the food and beverage companies.

    “About two years ago, the FCCPC and alliance of food and beverages companies that sell their products using plastics came together at the consumers right day.

    “They decided that we should set up a taskforce that will address the question of sustainable consumption.

    They have being working for the past two years and they have come up with an action plan,” he said.

    He noted that the advocacy aspect involved engaging consumers more on handling waste generally, particularly plastic, which does not decompose as well as managing it in a manner that promotes recycling and saves the environment.

    Irukera also said the other aspect entailed getting the companies to come together to adopt self regulatory principles.

    “The level of plastic waste management in the country is high and we have a big problem with that.

    “Although, not as high as in other parts of the world, but again we are talking about a particular waste here, which is plastic and it is non degradable.

    “We also need to find more cost effective ways of distributing products and at the same time get consumers to be sensitive to their own habits,” he said.

    According to him, since the taskforce came into existence, what it has done is mostly to come out with a plan.

    “In the interim, while they were coming up with a plan, we have done some advocacy work.

    We see that recycling has become prevalent in the country.

    “We don’t take credit for that, but we have contributed to that process.

    “You must have seen in the news that we are trying to address producing multiple products in sachets, so that we can make more progress and which has contributed to addressing this in a rubost manner,” he added.

    Mr Christ Wulff-Caesar, Acting Chairman of the FCCPC Sustainable Consumption Taskforce, said the action plan would be for the next five to 10 years.

    He said the action plan would allow manufacturers, consumers, civil society groups, recyclers, all to work within a framework that ensured sustainable process, especially with emphasis on disposing plastic waste.

    According to him, Nigerians should be responsible in a way to ensure sustainability of the environment.

    “In order to ensure sustainable consumption, we need to change our behaviour on what we do as consumers, manufacturers, recyclers and civil society groups.

    “First of all, as a taskforce, our mandate is to evaluate policies in place and available data, knowing the gaps we need to close, which a committee is looking into; so that we can change the legislation and behaviour of a society.

    “It is important to know what the problem we are dealing with is.

    But at the end of the day, the next phase of the taskforce is to communicate to the public the ideals and what is required in terms of sustainable consumption,” said Wulff-Caesar.

    Also, Agharese Onaghise, Executive Secretary of Food and Brevage Recycle Alliance, said members supported the operations in waste management value chain, enforced collection and recovery into productive use.

    Onaghise said members also ensured community engagement, education and awareness, which the group continued to promote.

    She said, “It’s very critical for use in Nigeria to promote behavioural change for people to understand that the packaging material can be collected in an effective way so that it can be recycled effectively.

    “Lastly, we also support policy drive dialogue.

    When it comes to waste management in the country; we need to implement an integrated approach.

    “This is because we know that a lot of us also consume products and these products have packaging materials.

    How do we dispose them?

    “If we segregate at the source, it would go a long way in ensuring an effective collective system so that effectively we can recycle and also manage the waste that comes out of the product.

    ” The UNIDO Regional Director, Mr. Jean Bakole, commended FCCPC for constructing the taskforce to come up with a framework for sustainable consumption and Waste Management with a focus on plastic waste in particular.

    Bankole was represented by UNIDO’s Private Sector development expert, Mr. Mustapha Alhaji.

    The News Agency of Nigeria reports that the key stakeholders at the workshop are FCCPC, Standards Organisation of Nigeria (SON), National Environmental Standards and Regulations Enforcement Agency (NESREA) and Federal Ministry of Health.

    Others include Federal Ministry of Environment, Civil Society Organisations and industry, represented by Food and Beverage Recycling Alliance; all adopted and committed to the principles.

    )
    NewsSourceCredit: NAN

  •  The Canadian High Commissioner to Nigeria Amb James Christoff has commended the entrepreneurial skills of Nigerians Christoff made the commendation during a facility tour to a coconut processor company TOSH Coconut Ltd on Friday in Lagos He was accompanied by representatives of the Food and Agriculture Organisation FAO of the United Nations the Lagos State Ministry of Agriculture and Lagos State Coconut Development Authority LASCODA He said that the Canadian Government has commercial interest in Nigeria and lauded the great entrepreneurial spirit of Nigerians Christoff added that he is a big believer in Nigeria and its great entrepreneurial skills To be frank it s occasion like this and coming to places like this that makes my job as a High Commissioner to get to know Nigeria We have our own interest in Nigeria commercial interest ofcourse Part of what am taking away from here today is that am a big believer in Nigeria there s a very strong entrepreneurial spirit in this country This is a great metaphor for that spirit I love your story I love your passion for what you re doing and I can see your dreams manifesting with hard work I can see clearly everything going in the right direction I will certainly pass this on to my wife and I know she will want to order some of your products he said He lauded the company for the achievements recorded so far in the industry The other reason why I decided to come here is the issue of food security in Nigeria I am interested in any example where local government local businesses and all levels of governments are coming together with the help of the FAO to address some of these food security issues I thank you for your efforts to collaborate with local farmers to find ways of creating a product that benefits you and others he said In her remarks the state Commissioner for Agriculture Ms Abisola Olusanya said that the Lagos State Government was in the process of signing an agreement with the FAO and UNIDO on coconut value chain development Olusanya was represented by Mrs Tokunbo Emokpae the Permanent Secretary in the ministry She noted that there are currently over 3 000 processors across the state processing over 120 000 metric tonnes of coconut annually However with the current coconut production of about 200 000 metric tonnes in Lagos with the remaining being sent to other parts of the country the processing needs of the processors in Lagos is about one million metric tonnes annually she said Olusanya noted that following this renewed interest a high mission visit of the representatives of the FAO UN led by the Country Director Dr Fred Kafeero was made to the governor to reaffirm the commitment to the implementation of the project She added that FAO is currently conducting coconut value chain analysis with the sum of 150 million solely financed by the Lagos State through a Unilateral Trust Fund UTF Agreement with the FAO which started in 2021 The Lagos State Government and FAO Unilateral Trust Fund UTF Intervention on the rehabilitation of the coconut belt in the state was initially prepared for implementation in 2001 but were not concluded In 2006 the project document developed in 2001 was reviewed with significant changes in cost of materials and services as well as in project development concepts following a re formulation mission But like the previous attempt implementation of this report and project was put on hold due to changes in governance and other contingencies Nevertheless the state government always maintained interest in the project since the development of the coconut industry is considered a priority for the state However at the inception of the administration of Mr Babajide Sanwo Olu efforts were renewed to resuscitate the FAO intervention in the spirit of alternative financing to the agricultural sector under the coconut value chain This is to ensure that the coconut sub sector contributes optimally to Making Lagos a 21st Century Economy through correspondence with the FAO mission in Nigeria she said Mrs Jadesola Shawana Founder Tosh Coconut Ltd Lagos said it was established in 2016 and registered with the Corporate Affairs Commission in 2017 Shawana called on government and other international communities to give loans and grants to support coconut processors to expand and meet market demands She said there was huge market for coconut processors adding that the company cannot meet all its demands due to its present capacity Shawana said that the major challenges confronting majority of coconut processors was funding and availability of enough coconuts to meet the processing needs According to her Tosh coconut is registered with the National Agency for Food and Drug Administration and Control We process coconut into a variety of food products and currently have 15 different products Our products include cold press coconut oil coconut milk coconut flour coconut poundo coconut flakes coconut water and a variety of coconut snacks and confectioneries Our coconut products are basically designed for the healthy conscious that is weight watchers lactose intolerants vegans vegetarians and food curious who require an alternative type of food to the staple foods The products are glutton free unadulterated with preservatives additives and promote healthy lifestyle and packaged in a hygienic environment Currently we process 40 metric tonnes of coconut annually and distribute products online using various social media platforms through stocking supermarkets distributors and companies that use their products as semi processed materials for production she said NewsSourceCredit NAN
    Canadian envoy lauds Nigerians’ entrepreneurial skills
     The Canadian High Commissioner to Nigeria Amb James Christoff has commended the entrepreneurial skills of Nigerians Christoff made the commendation during a facility tour to a coconut processor company TOSH Coconut Ltd on Friday in Lagos He was accompanied by representatives of the Food and Agriculture Organisation FAO of the United Nations the Lagos State Ministry of Agriculture and Lagos State Coconut Development Authority LASCODA He said that the Canadian Government has commercial interest in Nigeria and lauded the great entrepreneurial spirit of Nigerians Christoff added that he is a big believer in Nigeria and its great entrepreneurial skills To be frank it s occasion like this and coming to places like this that makes my job as a High Commissioner to get to know Nigeria We have our own interest in Nigeria commercial interest ofcourse Part of what am taking away from here today is that am a big believer in Nigeria there s a very strong entrepreneurial spirit in this country This is a great metaphor for that spirit I love your story I love your passion for what you re doing and I can see your dreams manifesting with hard work I can see clearly everything going in the right direction I will certainly pass this on to my wife and I know she will want to order some of your products he said He lauded the company for the achievements recorded so far in the industry The other reason why I decided to come here is the issue of food security in Nigeria I am interested in any example where local government local businesses and all levels of governments are coming together with the help of the FAO to address some of these food security issues I thank you for your efforts to collaborate with local farmers to find ways of creating a product that benefits you and others he said In her remarks the state Commissioner for Agriculture Ms Abisola Olusanya said that the Lagos State Government was in the process of signing an agreement with the FAO and UNIDO on coconut value chain development Olusanya was represented by Mrs Tokunbo Emokpae the Permanent Secretary in the ministry She noted that there are currently over 3 000 processors across the state processing over 120 000 metric tonnes of coconut annually However with the current coconut production of about 200 000 metric tonnes in Lagos with the remaining being sent to other parts of the country the processing needs of the processors in Lagos is about one million metric tonnes annually she said Olusanya noted that following this renewed interest a high mission visit of the representatives of the FAO UN led by the Country Director Dr Fred Kafeero was made to the governor to reaffirm the commitment to the implementation of the project She added that FAO is currently conducting coconut value chain analysis with the sum of 150 million solely financed by the Lagos State through a Unilateral Trust Fund UTF Agreement with the FAO which started in 2021 The Lagos State Government and FAO Unilateral Trust Fund UTF Intervention on the rehabilitation of the coconut belt in the state was initially prepared for implementation in 2001 but were not concluded In 2006 the project document developed in 2001 was reviewed with significant changes in cost of materials and services as well as in project development concepts following a re formulation mission But like the previous attempt implementation of this report and project was put on hold due to changes in governance and other contingencies Nevertheless the state government always maintained interest in the project since the development of the coconut industry is considered a priority for the state However at the inception of the administration of Mr Babajide Sanwo Olu efforts were renewed to resuscitate the FAO intervention in the spirit of alternative financing to the agricultural sector under the coconut value chain This is to ensure that the coconut sub sector contributes optimally to Making Lagos a 21st Century Economy through correspondence with the FAO mission in Nigeria she said Mrs Jadesola Shawana Founder Tosh Coconut Ltd Lagos said it was established in 2016 and registered with the Corporate Affairs Commission in 2017 Shawana called on government and other international communities to give loans and grants to support coconut processors to expand and meet market demands She said there was huge market for coconut processors adding that the company cannot meet all its demands due to its present capacity Shawana said that the major challenges confronting majority of coconut processors was funding and availability of enough coconuts to meet the processing needs According to her Tosh coconut is registered with the National Agency for Food and Drug Administration and Control We process coconut into a variety of food products and currently have 15 different products Our products include cold press coconut oil coconut milk coconut flour coconut poundo coconut flakes coconut water and a variety of coconut snacks and confectioneries Our coconut products are basically designed for the healthy conscious that is weight watchers lactose intolerants vegans vegetarians and food curious who require an alternative type of food to the staple foods The products are glutton free unadulterated with preservatives additives and promote healthy lifestyle and packaged in a hygienic environment Currently we process 40 metric tonnes of coconut annually and distribute products online using various social media platforms through stocking supermarkets distributors and companies that use their products as semi processed materials for production she said NewsSourceCredit NAN
    Canadian envoy lauds Nigerians’ entrepreneurial skills
    General news2 weeks ago

    Canadian envoy lauds Nigerians’ entrepreneurial skills

    The Canadian High Commissioner to Nigeria, Amb. James Christoff, has commended the entrepreneurial skills of Nigerians.

    Christoff made the commendation during a facility tour to a coconut processor company, TOSH Coconut Ltd., on Friday in Lagos.

    He was accompanied by representatives of the Food and Agriculture Organisation (FAO) of the United Nations, the Lagos State Ministry of Agriculture and Lagos State Coconut Development Authority (LASCODA).

    He said that the Canadian Government has commercial interest in Nigeria and lauded the great entrepreneurial spirit of Nigerians.

    Christoff added that he is a big believer in Nigeria and its great entrepreneurial skills.

    “To be frank, it’s occasion like this and coming to places like this that makes my job as a High Commissioner to get to know Nigeria.

    “We have our own interest in Nigeria, commercial interest ofcourse.

    “Part of what am taking away from here today is that am a big believer in Nigeria, there’s a very strong entrepreneurial spirit in this country.

    “This is a great metaphor for that spirit.

    I love your story, I love your passion for what you’re doing and I can see your dreams manifesting with hard work.

    “I can see clearly everything going in the right direction.

    “I will certainly pass this on to my wife and I know she will want to order some of your products,” he said.

    He  lauded the company for the achievements recorded so far in the industry.

    “The other reason why I decided to come here is the issue of food security in Nigeria.

    “I am  interested in any example where local government, local businesses and all levels of governments are coming together with the help of the FAO to address some of these food security issues.

    “I thank you for your efforts to collaborate with local farmers to find ways of creating a product that benefits you and others,” he said.

    In her remarks, the state Commissioner for Agriculture, Ms Abisola Olusanya, said that the Lagos State Government was in the process of signing an agreement with the FAO and UNIDO on coconut value chain development.

    Olusanya was represented by Mrs Tokunbo Emokpae, the Permanent Secretary in the ministry.

    She noted that there are currently over 3,000 processors across the state processing over 120,000 metric tonnes of coconut annually.

    “However, with the current coconut production of about 200,000 metric tonnes in Lagos, with the remaining being sent to other parts of the country, the processing needs of the processors in Lagos is about one million metric tonnes annually,” she said.

    Olusanya noted that following this renewed interest, a high mission visit of the representatives of the FAO-UN led by the Country Director, Dr Fred Kafeero, was made to the governor to reaffirm the commitment to the implementation of the project.

    She added that FAO is currently conducting coconut value chain analysis with the sum of $150 million, solely financed by the Lagos State through a Unilateral Trust Fund (UTF) Agreement with the FAO which started in 2021. “The Lagos State Government and FAO Unilateral Trust Fund (UTF) Intervention on the rehabilitation of the coconut belt in the state was initially prepared for implementation in 2001 but were not concluded.

    “In 2006, the project document developed in 2001, was reviewed with significant changes in cost of materials and services, as well as in project development concepts following a re-formulation mission.

    “But like the previous attempt, implementation of this report and project was put on hold due to changes in governance and other contingencies.

    “Nevertheless, the state government always maintained interest in the project since the development of the coconut industry is considered a priority for the state.

    “However, at the inception of the administration of Mr Babajide Sanwo-Olu, efforts were renewed to resuscitate the FAO intervention in the spirit of alternative financing to the agricultural sector under the coconut value chain.

    “This is to ensure that the coconut sub-sector contributes optimally to “Making Lagos a 21st Century Economy,”  through correspondence with the FAO mission in Nigeria,” she said.

    Mrs  Jadesola Shawana, Founder, Tosh Coconut Ltd., Lagos, said it was established in 2016 and registered with the Corporate Affairs Commission in 2017. Shawana called on government and other international communities to give loans and grants to support coconut processors to expand and meet market demands.

    She said there was huge market for coconut processors, adding that the company cannot meet all its demands due to its present capacity.

    Shawana said that the major challenges confronting majority of coconut processors was funding and availability of enough coconuts to meet the processing needs.

    According to her, Tosh coconut is registered with the National Agency for Food and Drug Administration and Control.

    “We process coconut into a variety of food products and currently have 15 different products.

    “Our products  include cold press coconut oil, coconut milk, coconut flour, coconut poundo, coconut flakes, coconut water and a variety of coconut snacks and confectioneries.

    “Our coconut products are basically designed for the healthy conscious, that is, weight watchers, lactose intolerants, vegans, vegetarians, and food curious who require an alternative type of food to the staple foods.

    “The products are glutton free, unadulterated with preservatives, additives and promote healthy lifestyle and packaged in a hygienic environment.

    “Currently, we process 40 metric tonnes of coconut annually and distribute products online using various social media platforms, through stocking supermarkets, distributors and companies that use their products as semi processed materials for production,” she said.


    NewsSourceCredit: NAN

  •  NAN Mr Jean Bakole the Regional Director of United Nations Industrial Organisation UNIDO says a simpler economy is another avenue for wealth and job creation in the society Bakole said this while speaking with the News Agency of Nigeria on Wednesday in Abuja He said with a simpler economy the nation could create jobs and generate more revenue for an efficient economic growth People see environment as eternal while UNIDO sees it as an opportunity for wealth creation Through simpler economy we can generate more jobs and generate more revenue for the nation We are trying to see how we can recycle a number of waste products like solid e and plastic wastes We see them as a number of ideas that can help in the challenges of big waste produced by huge population in the society The News Agency of Nigeria reports that a simple economy is a very simple model of economic exchange It is a thought experiment of a world where in every time step each person gives one dollar to one other person at random if they have any money to give However If they have no money then they do not give out any money NAN NewsSourceCredit NAN
    Simpler economy, an avenue to generate revenue,   create jobs- UNIDO 
     NAN Mr Jean Bakole the Regional Director of United Nations Industrial Organisation UNIDO says a simpler economy is another avenue for wealth and job creation in the society Bakole said this while speaking with the News Agency of Nigeria on Wednesday in Abuja He said with a simpler economy the nation could create jobs and generate more revenue for an efficient economic growth People see environment as eternal while UNIDO sees it as an opportunity for wealth creation Through simpler economy we can generate more jobs and generate more revenue for the nation We are trying to see how we can recycle a number of waste products like solid e and plastic wastes We see them as a number of ideas that can help in the challenges of big waste produced by huge population in the society The News Agency of Nigeria reports that a simple economy is a very simple model of economic exchange It is a thought experiment of a world where in every time step each person gives one dollar to one other person at random if they have any money to give However If they have no money then they do not give out any money NAN NewsSourceCredit NAN
    Simpler economy, an avenue to generate revenue,   create jobs- UNIDO 
    Economy3 weeks ago

    Simpler economy, an avenue to generate revenue,   create jobs- UNIDO 

    NAN) Mr Jean Bakole, the  Regional Director of United Nations Industrial Organisation ( UNIDO) says a simpler economy is another avenue for wealth and job creation in the society.

    Bakole said this while speaking with the News Agency of Nigeria on Wednesday in Abuja.

    He said, ”with a simpler economy, the nation could create jobs and generate more revenue for an efficient economic growth.

    ”People see environment as eternal while UNIDO sees it as an opportunity for wealth creation.

    ” Through simpler economy,  we can generate more jobs and generate more  revenue for the nation.

    ” We are trying to see how we can recycle a number of waste products like  solid, e, and plastic wastes.

    ” We see them as a number of ideas that can help in the challenges of big waste produced by huge population in the society.

    ”The News Agency of Nigeria reports that a simple economy is a very simple model of economic exchange.

    It is a thought experiment of a world where, in every time step, each person gives one dollar to one other person, at random, if they have any money to give.

    However, If they have no money, then they do not give out any money.

    ( NAN )
    NewsSourceCredit: NAN

  •  NAN Mr Jarl Hansstein Chief Techinal Advisor United Nations Industrial Organisation UNIDO said it had collaborated with the Corporate Affairs Commission CAC to register informal businesses Hansstein said this in an interview with the News Agency of Nigeria NAN on Wednesday in Abuja He said that registration for Small Medium Enterprises SMEs was part of UNIDO s intervention programmes aimed at strengthening their capacity Hannstein added that the registration of informal businesses with CAC was fully funded by UNIDO According to him without formal business registration enterprises will find it difficult to have access to funds markets and other forms of support We have helped a number of companies in informal sector to register their businesses because it is only registered businesses that can benefit from other components of important equipment supply Because we have another project for supply of equipment So far we have over twenty or thirty companies in need of registration in form of partnership he said Hansstein however said that they had set up technical assistance for tools in achieving the set goals NAN NewsSourceCredit NAN
    UNIDO partners CAC on informal businesses registration
     NAN Mr Jarl Hansstein Chief Techinal Advisor United Nations Industrial Organisation UNIDO said it had collaborated with the Corporate Affairs Commission CAC to register informal businesses Hansstein said this in an interview with the News Agency of Nigeria NAN on Wednesday in Abuja He said that registration for Small Medium Enterprises SMEs was part of UNIDO s intervention programmes aimed at strengthening their capacity Hannstein added that the registration of informal businesses with CAC was fully funded by UNIDO According to him without formal business registration enterprises will find it difficult to have access to funds markets and other forms of support We have helped a number of companies in informal sector to register their businesses because it is only registered businesses that can benefit from other components of important equipment supply Because we have another project for supply of equipment So far we have over twenty or thirty companies in need of registration in form of partnership he said Hansstein however said that they had set up technical assistance for tools in achieving the set goals NAN NewsSourceCredit NAN
    UNIDO partners CAC on informal businesses registration
    Economy3 weeks ago

    UNIDO partners CAC on informal businesses registration

    NAN) Mr  Jarl Hansstein, Chief Techinal  Advisor,  United Nations Industrial Organisation (UNIDO), said  it  had collaborated with the Corporate Affairs Commission (CAC), to register informal businesses.

    Hansstein said this in an interview with the News Agency of Nigeria ( NAN) on Wednesday  in Abuja.

    He said that  registration  for Small Medium Enterprises (SMEs)  was part of UNIDO’s intervention programmes aimed at strengthening their capacity.

    Hannstein added that the registration of informal businesses with CAC was fully  funded  by UNIDO.

    .

    According to him,  without formal business  registration,  enterprises   will find it difficult to  have access to funds, markets  and other  forms of support. 

    “We have helped a number of companies in informal sector to register their businesses , because it is only registered businesses that can benefit from other components of important equipment supply .

    ” Because we have another project for supply of equipment“So far, we have over twenty or thirty  companies in need of registration in form of partnership , ” he said.

    Hansstein, however,  said  that  they had set up technical assistance for tools  in achieving the set goals.

    ( NAN )
    NewsSourceCredit: NAN

  •  NAN United Nations Industrial Organisation UNIDO said it had assisted about one hundred and seventy four Small and Medium Enterprises SMEs on capacity building Mr Jarl Hansstein Chief Technical Advisor at UNIDO said this in an interview with the News Agency of Nigeria on Wednesday in Abuja He said that UNIDO came up with a structure on the project on four agencies and capacity building He added that the areas were not limited to quality of products but also for access to finance as well as marketing amongst others Hansstein said that UNIDO originally conceived the project as an emergency one focusing on production of Personal Protective Equipment PPEs According to him the organisation however realised that it was necessary to tackle the inefficient management of enterprises The focus is to enhance the quality of the products but at the same time to improve on the management system and that is why they came up with an integrated project he said He said that in the midst of cross carpeting methodological approach and tools there are also access to finance and marketing among others He added that there was a vertical approach which meant direct assistance to each of the selected enterprises We have selected about 174 enterprises and the numbers might fluctuate because it is a fully integrated project and that is why we have four agencies partnering with us And we have inaugurated and mobilised about 20 MSMEs in some geopolitical zones and we have experts also We have also set up a structure in four components capacity building in all relevant areas We have helped a number of companies in informal sector because it is only registered businesses that can benefit from it Another component that is important is equipment supply because we have another budget to supply equipment he said According to him in terms of quality management there were two levels in the enterprises and two components were set up regardless if it is micro or medium size The micro has to do with quality of standards in place The other level is to assist the institutions like the Standards Organisation of Nigeria SON to test the quality of the products It will also contribute to the certification of process to be completed and certified by National Agency for Food and Drug Administration and Control NAFDAC We are also visiting a number of equipment in some laboratories in Lagos and Kaduna and the process was rolling out now along with capacity building for undertaking the event The other component is the supply of equipment to some enterprises that were in need of improving their production system and production efficiency It requires a range of equipment of some machines We have pre selected a number of suppliers and is now in a final stage of negotiations for final certifications and other methods he said He added that the fourth component was the visibility According to him the market for quality products and establishing a demand among the people were key for the users of quality products NAN NewsSourceCredit NAN
    UNIDO builds capacities of 174 enterprises–Official
     NAN United Nations Industrial Organisation UNIDO said it had assisted about one hundred and seventy four Small and Medium Enterprises SMEs on capacity building Mr Jarl Hansstein Chief Technical Advisor at UNIDO said this in an interview with the News Agency of Nigeria on Wednesday in Abuja He said that UNIDO came up with a structure on the project on four agencies and capacity building He added that the areas were not limited to quality of products but also for access to finance as well as marketing amongst others Hansstein said that UNIDO originally conceived the project as an emergency one focusing on production of Personal Protective Equipment PPEs According to him the organisation however realised that it was necessary to tackle the inefficient management of enterprises The focus is to enhance the quality of the products but at the same time to improve on the management system and that is why they came up with an integrated project he said He said that in the midst of cross carpeting methodological approach and tools there are also access to finance and marketing among others He added that there was a vertical approach which meant direct assistance to each of the selected enterprises We have selected about 174 enterprises and the numbers might fluctuate because it is a fully integrated project and that is why we have four agencies partnering with us And we have inaugurated and mobilised about 20 MSMEs in some geopolitical zones and we have experts also We have also set up a structure in four components capacity building in all relevant areas We have helped a number of companies in informal sector because it is only registered businesses that can benefit from it Another component that is important is equipment supply because we have another budget to supply equipment he said According to him in terms of quality management there were two levels in the enterprises and two components were set up regardless if it is micro or medium size The micro has to do with quality of standards in place The other level is to assist the institutions like the Standards Organisation of Nigeria SON to test the quality of the products It will also contribute to the certification of process to be completed and certified by National Agency for Food and Drug Administration and Control NAFDAC We are also visiting a number of equipment in some laboratories in Lagos and Kaduna and the process was rolling out now along with capacity building for undertaking the event The other component is the supply of equipment to some enterprises that were in need of improving their production system and production efficiency It requires a range of equipment of some machines We have pre selected a number of suppliers and is now in a final stage of negotiations for final certifications and other methods he said He added that the fourth component was the visibility According to him the market for quality products and establishing a demand among the people were key for the users of quality products NAN NewsSourceCredit NAN
    UNIDO builds capacities of 174 enterprises–Official
    Economy3 weeks ago

    UNIDO builds capacities of 174 enterprises–Official

    NAN)  United Nations Industrial Organisation ( UNIDO), said it had assisted  about  one hundred and seventy four Small and  Medium Enterprises (SMEs ), on capacity building.

    Mr Jarl Hansstein, Chief Technical Advisor at UNIDO said this in an interview with the News Agency of Nigeria on Wednesday in Abuja.

    He said that UNIDO  came up with a structure on the project on  four agencies and  capacity building.

    He added that  the areas were  not limited to quality of products, but also for access to finance, as well as marketing ,amongst others. 

    Hansstein said that UNIDO originally conceived the project  as an  emergency one, focusing on production of Personal Protective Equipment ( PPEs). 

    According to him, the organisation,  however,    realised that it was necessary to tackle the inefficient management of enterprises.

    “The focus is to enhance the quality of the products, but at the same time  to improve on the management system and   that  is why they  came up with an integrated project,” he said .

    He said that,  in the  midst of cross-carpeting methodological approach and tools, there are also access to finance,  and marketing among others .

    He added that there was a  vertical approach, which meant direct assistance to each of the selected enterprises.

    ” We have selected about 174  enterprises  and the numbers might fluctuate, because it  is a fully integrated project and  that is why we have  four agencies partnering with us. 

    “And we  have inaugurated and  mobilised  about 20 MSMEs in some  geopolitical  zones and we have experts  also .

    “We have also set up a structure in four components capacity building in all relevant areas.

    ”We have helped a number of companies in informal sector, because it is only registered businesses that can benefit from it “Another component  that is important is  equipment supply, because we have another budget to supply equipment, ”  he said.

    According to him,  in terms of quality management, there were  two  levels in the enterprises and  two components were set up regardless if it is  micro or medium size. 

    ” The  micro has  to do with  quality of standards in place .

    The other level is  to assist the institutions like the Standards Organisation of Nigeria ( SON), to test the quality of the products. 

    “It will also contribute to the certification of process to be completed  and certified by  National Agency for Food and Drug Administration and Control  (NAFDAC). 

    “We are also visiting a number of equipment in some laboratories in Lagos and Kaduna, and the process was rolling out now along with capacity building for undertaking the event. 

    “The other component is  the supply of equipment to some enterprises that were  in need of improving their production system and production efficiency . 

    “It requires a range of equipment of some machines.

    We have pre-selected a number of suppliers and  is now in a final stage of negotiations for final certifications and other methods,” he said.

    He added that the fourth component was the visibility.

    According to him,  the market for quality products and  establishing a demand among the people were key for  the users of  quality products. 

    ( NAN)
    NewsSourceCredit: NAN

  •  The United Nations Industrial Development Organisation UNIDO said it had inaugurated a pilot project in Nigeria aimed at targeting startups in manufacturing of quality healthcare products Mr Jean Bakole Regional Director and ECOWAS Representative of UNIDO said this in an interview with the News Agency of Nigeria on Tuesday in Abuja Bakole said the best way to promote the manufacturing sector in a country was by producing high quality products He added that UNIDO piloted a programme to train Small and Medium Enterprises SMEs to produce high quality health products According to him to manufacture products locally it was imperative to improve on the quality especially when it has to do with health products to prevent negative effects He said that UNIDO had selected about 200 SMEs for the project adding that the organisation had covered about 23 states in the country Bakole who said that UNIDO was supporting the Nigerian government with its country programme added that it had another tool called the programme partnership He stated that the important thing about the project was that it targeted startups which constituted the future of the global economy saying that Nigeria cannot lag behind Startups constitute a high category of actors that cannot be ignored and there is a significant amount of startups globally In 2021 startups contributed approximately three trillion dollars globally in terms of value In Africa they contributed 7billion while about 1billion was also contributed in Nigeria in terms of value This means that they constitute a big potential force for the country and because these initiatives are driven by young people we have to support them to move ahead he said The regional director said that the programme was the country programme of the Nigerian government and UNIDO relied on the achievements made so far in the sector from the government of Nigeria Our activities constitute a clean response to state and federal industrial needs and UNIDO saw strong support from the Nigerian government We cannot move ahead without the ownership by the government We have engaged in a dialogue and some projects with 10 states which were integrated with a number of UNIDO programmes We have also been working on some other projects in states such as Gombe Ogun and Nasarawa We are also engaged in other state governments policies industrial policies environmental policies amongst others he added Bakole added that the organisation s programme in Nigeria and the country s implementation was highly supported by the Nigerian government NAN www NewsSourceCredit NAN
    UNIDO inaugurates pilot project, targets startups
     The United Nations Industrial Development Organisation UNIDO said it had inaugurated a pilot project in Nigeria aimed at targeting startups in manufacturing of quality healthcare products Mr Jean Bakole Regional Director and ECOWAS Representative of UNIDO said this in an interview with the News Agency of Nigeria on Tuesday in Abuja Bakole said the best way to promote the manufacturing sector in a country was by producing high quality products He added that UNIDO piloted a programme to train Small and Medium Enterprises SMEs to produce high quality health products According to him to manufacture products locally it was imperative to improve on the quality especially when it has to do with health products to prevent negative effects He said that UNIDO had selected about 200 SMEs for the project adding that the organisation had covered about 23 states in the country Bakole who said that UNIDO was supporting the Nigerian government with its country programme added that it had another tool called the programme partnership He stated that the important thing about the project was that it targeted startups which constituted the future of the global economy saying that Nigeria cannot lag behind Startups constitute a high category of actors that cannot be ignored and there is a significant amount of startups globally In 2021 startups contributed approximately three trillion dollars globally in terms of value In Africa they contributed 7billion while about 1billion was also contributed in Nigeria in terms of value This means that they constitute a big potential force for the country and because these initiatives are driven by young people we have to support them to move ahead he said The regional director said that the programme was the country programme of the Nigerian government and UNIDO relied on the achievements made so far in the sector from the government of Nigeria Our activities constitute a clean response to state and federal industrial needs and UNIDO saw strong support from the Nigerian government We cannot move ahead without the ownership by the government We have engaged in a dialogue and some projects with 10 states which were integrated with a number of UNIDO programmes We have also been working on some other projects in states such as Gombe Ogun and Nasarawa We are also engaged in other state governments policies industrial policies environmental policies amongst others he added Bakole added that the organisation s programme in Nigeria and the country s implementation was highly supported by the Nigerian government NAN www NewsSourceCredit NAN
    UNIDO inaugurates pilot project, targets startups
    Economy4 weeks ago

    UNIDO inaugurates pilot project, targets startups

    The United Nations Industrial Development Organisation (UNIDO), said it had inaugurated a pilot project in Nigeria aimed at targeting startups in manufacturing of quality healthcare products.

    Mr Jean Bakole, Regional Director and ECOWAS Representative of UNIDO, said this in an interview with the News Agency of Nigeria on Tuesday in Abuja.

    Bakole said the best way to promote the manufacturing sector in a country was by producing high quality products.

    He added that UNIDO piloted a programme to train Small and Medium Enterprises (SMEs) to produce high quality health products.

    According to him, to manufacture products locally, it was imperative to improve on the quality especially when it has to do with health products to prevent negative effects.

    He said that UNIDO had selected about 200 SMEs for the project, adding that the organisation had covered about 23 states in the country.

    Bakole, who said that UNIDO was supporting the Nigerian government with its country programme, added that it had another tool called ‘ ‘the programme partnership”.

    He stated that the important thing about the project was that it targeted startups which constituted the future of the global economy,  saying that Nigeria cannot lag behind.

    “Startups constitute a high category of actors that cannot be ignored and there is a significant amount of startups globally.

    “In 2021, startups contributed approximately three trillion dollars globally in terms of value “In Africa they contributed $7billion, while about $1billion was also contributed in Nigeria in terms of value.

    “This means that they constitute a big potential force for the country and because these initiatives are driven by young people, we have to support them to move ahead,” he said.

    The regional director said that the programme was the country programme of the Nigerian government and UNIDO relied on the achievements made so far in the sector from the government of Nigeria.

    “Our activities constitute a clean response to state and federal industrial needs and UNIDO saw strong support from the Nigerian government.

    “We cannot move ahead without the ownership by the government “We have engaged in a dialogue and some projects with 10 states which were integrated with a number of UNIDO programmes.

    “We have also been working on some other projects in states such as Gombe, Ogun and Nasarawa.

    “We are also engaged in other state governments’ policies, industrial policies, environmental policies amongst others,” he added.

    Bakole added that the organisation’s programme in Nigeria and the country’s implementation was highly supported by the Nigerian government.

    (NAN )( www.


    NewsSourceCredit: NAN

  •   SMEs key to economic growth in Nigeria UNIDO boss SMEs key to economic growth in Nigeria UNIDO boss Growth By Chinenye Offor Abuja Aug 29 NAN Mr Jean Bakole the Regional Director United Nations Industrial Organisation UNIDO said that Smail and Medium Enterprises SMEs have the capacity to boost the Nigerian economy Bakole said this in an interview with the News Agency of Nigeria on Monday in Abuja He said that SMEs accounted for about 96 per cent of all business activities in the country He said that the current economic situation in the country could be boosted through the contribution of MSMEs if given needed attention According to him the contribution of MSMEs to the Nigerian economy cannot be over emphasised as it had contributed immensely to the economic development of the country The MSMEs contributes about 50 per cent of the GDP and they provided over 48 per cent of all employment opportunities in the country But in spite of their critical role in the economy they are faced with series of daunting challenges exacerbated by the COVID 19 pandemic Bakole however revealed that the capacity building project embarked upon by the agency had strengthened about 124 MSMEs in the health sector to transform into the formal sector He added that the project had also helped to develop the rural economy create sustainable economic growth and development while providing quality PPEs and other healthcare related products SMEs constitute the future of the economy globally and Nigeria cannot be left behind It is imperative to improve on them The role of the MSMEs is absolutely key in Nigerian economy as they represent 96 per cent of the business activities in the country and contribute to economic growth They are contributing up to 50 per cent of the national GDP and account for 48 per cent of all employments in the country In spite of the critical role of the MSMEs they are facing a number of challenges in the country like limit to accessing finance and markets Others are infrastructure deficit multiple taxation technological disruptions and regulations framework issues he said Bakole further said that SMEs were strategic and essential for accelerating economic growth globally adding Nigeria needed to key into the trend NewsSourceCredit NAN
    SMEs  key to economic growth in Nigeria– UNIDO boss 
      SMEs key to economic growth in Nigeria UNIDO boss SMEs key to economic growth in Nigeria UNIDO boss Growth By Chinenye Offor Abuja Aug 29 NAN Mr Jean Bakole the Regional Director United Nations Industrial Organisation UNIDO said that Smail and Medium Enterprises SMEs have the capacity to boost the Nigerian economy Bakole said this in an interview with the News Agency of Nigeria on Monday in Abuja He said that SMEs accounted for about 96 per cent of all business activities in the country He said that the current economic situation in the country could be boosted through the contribution of MSMEs if given needed attention According to him the contribution of MSMEs to the Nigerian economy cannot be over emphasised as it had contributed immensely to the economic development of the country The MSMEs contributes about 50 per cent of the GDP and they provided over 48 per cent of all employment opportunities in the country But in spite of their critical role in the economy they are faced with series of daunting challenges exacerbated by the COVID 19 pandemic Bakole however revealed that the capacity building project embarked upon by the agency had strengthened about 124 MSMEs in the health sector to transform into the formal sector He added that the project had also helped to develop the rural economy create sustainable economic growth and development while providing quality PPEs and other healthcare related products SMEs constitute the future of the economy globally and Nigeria cannot be left behind It is imperative to improve on them The role of the MSMEs is absolutely key in Nigerian economy as they represent 96 per cent of the business activities in the country and contribute to economic growth They are contributing up to 50 per cent of the national GDP and account for 48 per cent of all employments in the country In spite of the critical role of the MSMEs they are facing a number of challenges in the country like limit to accessing finance and markets Others are infrastructure deficit multiple taxation technological disruptions and regulations framework issues he said Bakole further said that SMEs were strategic and essential for accelerating economic growth globally adding Nigeria needed to key into the trend NewsSourceCredit NAN
    SMEs  key to economic growth in Nigeria– UNIDO boss 
    Economy4 weeks ago

    SMEs  key to economic growth in Nigeria– UNIDO boss 

    SMEs  key to economic growth in Nigeria– UNIDO boss  SMEs key to economic growth in Nigeria–UNIDO boss Growth By Chinenye Offor Abuja, Aug. 29, ( NAN) Mr Jean Bakole , the Regional Director, United Nations Industrial Organisation (UNIDO),  said that Smail and Medium Enterprises (SMEs), have the capacity to boost the Nigerian economy.

    Bakole said this in an interview with the News Agency of Nigeria on Monday in Abuja.

    He said that SMEs accounted  for about 96 per cent  of  all business activities in the country.

    He said that the current economic situation in the country could be boosted through the contribution of MSMEs, if given needed attention.

    According to him, the contribution of MSMEs to the Nigerian economy cannot be over-emphasised, as it had contributed immensely to the economic development of the country.

    “The MSMEs contributes about 50 per cent of the GDP, and they provided over 48 per cent of all employment opportunities in the  country.

    “But, in spite of their critical role in the economy, they are faced with series  of daunting challenges exacerbated by the COVID-19 pandemic.

    ” Bakole, however, revealed that the capacity-building project embarked upon by the agency had strengthened about 124 MSMEs in the health sector to transform into the formal sector .

    He added that the project had also helped to develop the rural economy,  create sustainable economic growth and development, while providing quality PPEs and other healthcare-related products.

    “SMEs constitute the future of the economy globally, and Nigeria cannot be left behind.

    It is imperative to improve on them.

    “The role of the MSMEs is absolutely key in  Nigerian economy as  they represent  96 per cent of the business activities in the country, and contribute to economic growth.

    “They are contributing up to 50 per cent of the national GDP and account for 48 per cent of all employments in the country.

    “In spite of the critical role of the MSMEs,  they are facing a number of challenges in the country, like  limit to accessing finance and markets, “Others are infrastructure deficit, multiple taxation, technological disruptions and regulations framework issues”, he said.

    Bakole further said that SMEs were strategic and essential for accelerating economic growth globally, adding, ” Nigeria needed to key into the trend.


    NewsSourceCredit: NAN