The Nigerian government has signed a $174.6 million partnership deal with the United Nations Industrial Development Organisation (UNIDO) to help grow its industries over the next four years (2024–2028).
This agreement, called the Programme for Country Partnership (PCP), is aimed at making Nigeria’s industries stronger, creating jobs, and supporting economic growth. It will also focus on using new technologies and protecting the environment.
Senator Abubakar Atiku Bagudu, the Minister of Budget and Economic Planning, said the plan will help young people and disadvantaged groups by giving them more economic opportunities.
Most of the funding—about $149.6 million (or 85.7%)—will come from international donors and partners that UNIDO will bring together. The Nigerian government will contribute the remaining 14.3%, which is about $25 million. So far, Nigeria has already paid over $1.2 million to UNIDO.
Bagudu asked all partners, including businesses and non-profit groups, to work together for the success of this plan.
Senator John Owan Umoh, the Minister of State for Industry, said he hopes UNIDO will continue to guide Nigeria as a strategic partner in its plans for industrial change.
Gerd Muller, the head of UNIDO, said the organisation’s mission is to help countries like Nigeria grow their industries.
The President of the Manufacturers Association of Nigeria (MAN), Otunba Francis Meshionye, also supported the agreement. He said the funding would help Nigerian manufacturers and promised MAN’s support in making the programme a success.
