Nigeria: UN, Nigeria Unveil $175m Programme for Industrial Development
The United Nations Industrial Development Organisation (UNIDO), in collaboration with the Nigerian government, has launched the Programme for Country Partnership (PCP) Flagship Strategy for 2024-2028 to accelerate inclusive and sustainable industrial development, drive innovation, and strengthen economic growth.
With a total budget of $175 million, the initiative represents a joint effort to deepen Nigeria's industrial base, create jobs, and expand opportunities for small businesses.
- The federal government contributes about $25 million, 14.3 per cent of the total budget.
- UNIDO provides $200,000 for programme coordination and will lead efforts to mobilise more than $50 million in additional funding from development partners.
Author's summary: UN and Nigeria launch $175m programme.
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