Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
  • Markets
    • Cryptos
    • Commodities
    • Equities
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Industries
    • Company News
    • Consumer Goods
    • Content Partners
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Tech News
  • Economy
    • Get Data
    • Macro-Economic News
    • Research Analysis
  • Business News
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
  • Markets
    • Cryptos
    • Commodities
    • Equities
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Industries
    • Company News
    • Consumer Goods
    • Content Partners
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Tech News
  • Economy
    • Get Data
    • Macro-Economic News
    • Research Analysis
  • Business News
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
No Result
View All Result
Nairametrics
No Result
View All Result
Home Business News

Nigeria to benefit from UNIDO’s $60 million investment in trade, others 

Joseph Olaoluwa by Joseph Olaoluwa
October 18, 2019
in Business News, Politics
Nigeria to benefit from UNIDO's $60 million investment in trade, others 
Share on FacebookShare on TwitterShare on Linkedin

Nigeria is set to benefit from a $60 million investment from the United Nations Industrial Development Organization (UNIDO). According to the organisation, its plan is to infuse the money into nine sectors with a view to enhancing their performances.

This was made known in a press statement attributed to the Federal Ministry of Works and Housing. It was disclosed in the press release that the Minister of Works and Housing, Babatunde Fashola received a delegation from UNIDO.

[READ MORE: Nigeria will enjoy foreign investments before December, IMF predicts]

RelatedPosts

Fashola says state governments can apply for National Housing Programme on behalf of residents, indigenes

FG says East-West road is 80% complete

UNIDO’s request: Jean Bakole, who led the delegation, told the Minister of the organisation’s plans to pump $60 million into agriculture and agro-based businesses, trade and capacity building, housing and construction, infrastructure development, energy and environment, among other sectors.

Nigeria to benefit from UNIDO's $60 million investment in trade, others 

News continues after this ad


The motive is to increase the performance of these sectors. However, while the Minister was truly elated with Bakole and the move of the organisation, he suggested that the money should be infused into two or three critical areas for maximum impact. Fashola noted that doing this would be more effective.

“$60 million is a huge amount of money. But it is not the money that is the issue but how it is being used. My thoughts are that instead of spreading this money thin over a large area, as you said, why not use it on one or two projects that could be of impact to the people.”

[READ ALSO: Discos to invest N935 billion in 5 years amidst recapitalisation calls]

News continues after this ad


Fashola urged Bakole to build a massive industrial complex that would become an example in Africa instead. Highlighting the Federal Government’s roles in enhancing agriculture, he noted that though the effort was not in futility, food prices have continued to be on the rise. He assured the delegation that the prices would come down significantly.

In a recent Nairametrics article, Fashola disclosed that 524 road projects were currently ongoing in the six geopolitical zones of the country. The Minister noted that the essence of the road project was to open up the economy and make business easier for everyone.

Related

Tags: Babatunde FasholaJean BakoleOn the MoneyUnited Nations Industrial Development Organization

Leave a Reply Cancel reply

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

inq
avatrade
Stanbic bank
Mega Millions
UBN
Hot forex
Access Bank
Bankers Committee
First bank






    Business News | Stock Market | Money Market | Cryptos | Financial Literacy | SME |

    Recent News

    • Flour Mills of Nigeria Plc (FMN) Reaffirms its Commitment to Transformational Impact with the Release of its 2021/2022 Sustainability Report
    • Brain drain, tax and other economic effects of migration in Nigeria
    • Meet Kenya’s new President-elect- William Samoei Arap Ruto

    Follow us on social media:

    Recent News

    Flour Mills of Nigeria Plc (FMN) Reaffirms its Commitment to Transformational Impact with the Release of its 2021/2022 Sustainability Report

    Flour Mills of Nigeria Plc (FMN) Reaffirms its Commitment to Transformational Impact with the Release of its 2021/2022 Sustainability Report

    August 16, 2022
    Fake labs, travel frustrations, passengers allege COVID-19 test Scams at airport, Aviation, Nigerians hit with over 60% delayed and cancelled domestic flights in 2018

    Brain drain, tax and other economic effects of migration in Nigeria

    August 16, 2022
    • ABOUT US
    • CONTACT US
    • PRODUCTS
    • ANDROID APP
    • iOS APP
    • DISCLAIMER
    • CAREERS
    • PRIVACY POLICY

    © 2022 Nairametrics

    No Result
    View All Result
    • Home
    • Exclusives
      • Financial Analysis
      • Corporate Stories
      • Interviews
      • Investigations
      • Metrics
    • Markets
      • Cryptos
      • Commodities
      • Equities
        • Dividends
        • Stock Market
      • Fixed Income
      • Market Views
      • Securities
    • Industries
      • Company News
      • Consumer Goods
      • Content Partners
      • Corporate deals
      • Corporate Press Releases
      • Energy
      • Entertainment
      • Financial Services
      • Hospitality & Travel
      • Manufacturing
      • Real Estate and Construction
      • Tech News
    • Economy
      • Get Data
      • Macro-Economic News
      • Research Analysis
    • Business News
    • Financial Literacy
      • Career tips
      • Personal Finance
    • Lifestyle
      • Billionaire Watch
      • Profiles
    • Opinions
      • Blurb
      • Op-Eds

    © 2022 Nairametrics

    Social Media Auto Publish Powered By : XYZScripts.com