FG, UNIDO map out strategies to boost industrial devt

November 15th, 2018

By Hassan Zaggi

The Federal Government with support from the United Nations Industrial Development Organisation (UNIDO) has evolved strategies to boost the industrial development of the country.

As part of the strategies, the federal government has concluded plans to commemorate the 2018 Africa Industrial Day (AID). The event is billed for November 20.

The 2018 AID celebration which is aimed at solidifying federal government’s efforts in laying a formidable foundation for sustainable industrial development in the country is with the theme: ‘Promoting regional value chains in Africa: A pathway for accelerating Africa’s structural transformation, industrilisation and pharmaceutical production.

The AID commemoration, according to a statement by the orgnisers, is expected to increase awareness on the role of industrilisation in Nigeria’s economic diversification and also mobilize partnership for Nigeria’s industrial development.

This year’s AID commemoration will focus on promoting quality and standards in manufacturing production in the country.

The 2018 AID commemoration will bring together ministers, ambassadors, heads of UN agencies, the organized private sector, local and international financial institutions, civil society organizations, labour unions and the media.

“As Nigeria celebrates the AID every year, there is a need to take concrete steps to deepen the process of industrialization in the country. In this regard, the 2018 AID celebration will accommodate the second Nigeria National Quality Award (NNQA),” the statement noted.

The overall objective of the 2018 AID celebration, the organizers say, “is to bring all local and international industry stakeholders in Nigeria together with a view to developing partnerships for the promotion of Inclusive and Sustainable Industrial Development (ISID) as a drive in the country.”

Other aims of the AID commemoration include the promotion of ISID as a key driver of Nigeria’s economic diversification in the context of the Economic Recovery and Growth Plan (ERGP) and other national regional strategies ; raise awareness about, dissemination and mobilize support for the implementation of the Africa Continental Free Trade Area (AfCFTA) and Industrial Development Decade for Investment (IDDA); and showcase UNIDO’s activities, experiences and lessons learned in the industrial development process of Nigeria and in the ECOWAS sub-region.

It also has as its objective to promote industrial competitiveness by giving awards to creative and innovative Micro, Small and Medium Enterprises (MSMEs).

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