The Federal Government of Nigeria has signed a landmark $174.6 million partnership agreement with the United Nations Industrial Development Organization (UNIDO) to boost the country’s industrial development. The deal, which marks a major step in Nigeria’s push for economic diversification, was signed under the framework of the new Country Programme (CP) for 2023–2027.
The partnership aims to drive inclusive and sustainable industrial growth across key sectors such as agro-industries, renewable energy, mining, and digital transformation. It will also support small and medium-sized enterprises (SMEs), promote job creation, and strengthen Nigeria’s industrial policy frameworks. The Country Programme is expected to be co-funded by the Nigerian government, development partners, and the private sector.
Minister of Industry, Trade, and Investment, Doris Uzoka-Anite, said the initiative aligns with the government’s strategic goal of repositioning Nigeria as a leading manufacturing and export hub in Africa. She added that the partnership reflects the country’s commitment to the Sustainable Development Goals (SDGs) and the African Continental Free Trade Area (AfCFTA).
UNIDO’s Regional Director for West and Central Africa, Jean Bakole, praised Nigeria’s leadership in pursuing industrial transformation and reaffirmed the organization’s support in fostering innovation, capacity building, and value chain development. The agreement is expected to significantly contribute to Nigeria’s economic resilience and long-term competitiveness on the global stage.
