BoI, UNIDO partner to foster industrial development

Managing Director, Bank of Industry (BoI), Mr. Olukayode Pitan

The Bank of Industry (BoI) and United Nations Industrial Development Organisation (UNIDO) have partnered to drive Federal Government’s Economic Recovery and Growth Plan (ERGP) by inclusive and sustainable industrial development.

This was disclosed throughout the courtesy go to of UNIDO Regional Director and Representative to Nigeria and ECOWAS, Jean Bankole, to BoI workplace in Lagos.

Bankole acknowledged that UNIDO has commenced a Four-year nation programme for Nigeria, and requires authorities assist and strategic alliances for the funding and profitable implementation of the programme.

“We are right here to search your assist and to make sure that the programme is effectively applied to drive industrialisation plan and diversification of Nigeria’s economic system.

“We all know that Nigeria is a main economic system in Africa, however on the identical time we want to create situation that can construct financial resilience and place Nigeria to play key position in Africa.

“To do this, we need strong industrialisation strategies, partnerships and investment that will place the economy on the path of growth and sustainable development,” he mentioned.

Bankole acknowledged that the nation programme estimated at $50 million, has recognized intervention plans in 9 thematic elements that will help Nigeria develop and develop its industrial sector.

The areas are; Micro, Small and Medium Enterprises (MSMEs) development; industrial governance and funding, Special Economic Zones (SEZs), agro-industry and agri-business development, innovation and renewable power development.

Others are; capability constructing to enhance high quality of merchandise and environmental administration that would scale back industrial air pollution.

He acknowledged that development of Nigeria’s industrial sector would create extra jobs, improve productiveness and enhance the nation’s GDP development.

Responding, Mr Olukayode Pitan, Managing Director, BoI, acknowledged that the bank would partner with UNIDO, including that its space of focus aligns with the bank’s actions and interventions.

“Already, we have a long-standing relationship with UNIDO, and UNIDO has an office in our bank. I can assure you that we will partner more with you to take our country to higher heights,” he mentioned.

Leave a Reply

Your email address will not be published. Required fields are marked *