• News
  • Business
  • Opportunities
  • Articles & Resources
  • Spotlight
  • Views
    • Interviews
    • Opinions
  • MSME Jobs
  • More
    • Africa
    • World
  • webmail
  • Terms of Use
MSME Africa
  • News
  • Business
  • Opportunities
  • Articles & Resources
  • Spotlight
  • Views
    • Interviews
    • Opinions
  • MSME Jobs
  • More
    • Africa
    • World
  • webmail
  • Terms of Use
No Result
View All Result
  • News
  • Business
  • Opportunities
  • Articles & Resources
  • Spotlight
  • Views
    • Interviews
    • Opinions
  • MSME Jobs
  • More
    • Africa
    • World
  • webmail
  • Terms of Use
No Result
View All Result
MSME Africa
No Result
View All Result

GIZ Identifies 480,000 MSMEs for Infrastructure, Green Solutions in Nigeria

Blessing Joseph by Blessing Joseph
October 29, 2024
in Business, News
0
GIZ Identifies 480,000 MSMEs for Infrastructure, Green Solutions in Nigeria
Share

The German Economic and Development Agency (GIZ) has evaluated 480,000 Micro, Small, and Medium Enterprises (MSMEs) in Nigeria, with plans for targeted interventions to boost their operations and economic impact. This assessment spans five states—Ogun, Edo, Plateau, Niger, and Lagos—as well as the Federal Capital Territory, and is part of GIZ’s Sustainable and Inclusive Economic Development for Decent Employment (SEDIN) program, focused on sustainable infrastructure, green energy, and responsible production.

During the Industrial Clusters Development Stakeholders Forum in Abeokuta, Ogun State, GIZ Head of Component Business Environment Reform, Investment, and Infrastructure, Mr. Akinropo Omoware, shared that the initiative has identified 60 business clusters requiring strategic support. The forum, themed *“Towards Building Sustainable Infrastructure, Fostering Green Industries, and Responsible Production in Nigeria,”* brought together government representatives, entrepreneurs, and industry stakeholders.

Omoware explained that SEDIN is assessing each cluster’s Environmental Social Governance (ESG) framework, management capacity, and business operations. The goal is to make these MSMEs more competitive and sustainable. “We’re moving from traditional value chain development to empowering industrial and digital clusters with improved infrastructure, green energy solutions, and access to new markets,” Omoware stated.

Key aspects of GIZ’s intervention include addressing infrastructure deficiencies, enabling green energy integration, and facilitating business-friendly policies to improve access to finance. “Nigeria’s job market depends on private sector growth,” Omoware said. “The government and private sector must work in synergy, ensuring policies foster job creation rather than inhibit it.”

The Ogun State Government, represented by the Director of Industrial Promotion, Mr. Kayode Akintonmide, also highlighted state initiatives aimed at supporting MSMEs. These include the *Ogun Cares* grant, the *Owonise Dapo* project for cooperative development, and the *Okowo Dapo* program under the Ministry of Women Affairs, along with the Ogun State Government and Bank of Industry MSME Funding Scheme, which provides low-interest loans.

For sustainable progress, Omoware emphasized energy and infrastructure as major concerns for MSMEs in these clusters. “We’re actively exploring renewable energy options to empower these clusters with reliable, clean energy,” he noted, adding that GIZ’s green energy initiatives aim to transform Nigeria’s reliance on imports into an economy driven by local production and exports.

In his concluding remarks, Omoware stressed the need for infrastructure improvements, especially in energy and waste management, as well as access to broadband connectivity, to enable Nigerian MSMEs to compete on a global scale. The stakeholders agreed that through collaborative efforts and a green-focused approach, MSMEs can drive Nigeria’s sustainable economic growth and job creation.

Post Views: 132
Share

Related Posts:

  • MSME Africa Unveils Top 50 Remarkable MSME Founders 2023, Awards them $25,000 in Media Credits
    MSME Africa Unveils Top 50 Remarkable MSME Founders…
  • Best Cities to live as an Entrepreneur in Nigeria
    Ultimate 2024 Guide to the Top Business Enabling…
  • Africa must prepare for the inevitability of a global food crisis - Akinwumi Adesina
    Overcoming Binding Constraints to Competitive…
  • GIZ-SEDIN to Boost MSME Competitiveness Through Industrial Clusters
    GIZ-SEDIN to Boost MSME Competitiveness Through…
  • #IWD2023: Celebrating Outstanding Women in Micro Small and Medium Enterprises
    #IWD2023: Celebrating Outstanding Women in Micro…
  • Top 15 Social Media Marketing Tools for Nigerian Entrepreneurs
    15 Social Media Management Tools That Will Make Life…
Tags: EntrepreneursEntrepreneurshipGIZGreen Solutions in NigeriaInfrastructureMSME AfricaMSME News in Nigeria todayMSMEsSmall Business in Nigeria
Previous Post

Nigeria’s Cocoa Industry Sets Path for Sustainable Growth Amidst Global Challenges

Next Post

NASENI, Imose Technologies Unveil Made-in-Nigeria Laptops, Tablets

Next Post
NASENI, Imose Technologies Unveil Made-in-Nigeria Laptops, Tablets

NASENI, Imose Technologies Unveil Made-in-Nigeria Laptops, Tablets

Leave a Reply Cancel reply

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

No Result
View All Result
Join MSME on Whatsapp
Subscribe To Our Newsletter
Enter your email to receive a weekly round-up of our best posts. Learn more!
icon
By subscribing, you agree with our privacy policy and our terms of service.

Recent Posts

  • Dangote Unveils N15 Billion Development Plan for , Offers Jobs to Top Graduates
  • NIMC Hikes NIN Service Fees by Up to 75%, Correction of DOB is now N28,574
  • Nigeria to Train 365 Youths in Free Nationwide Automobile Programme
  • SEC Launches Technology Adoption Survey to Boost Innovation in Nigerian Capital Market
  • CNG Initiative Targets Stable Supply to Ease Transport Costs

Recent Comments

  • 10 Reasons Why SMEs Should Invest in Video Marketing - MSME Africa on How to Create Viral Videos for Social Media in 2024
  • link alay4d on 5 Nigerian-based Companies Providing Accelerator Programs for Startups in 2024
  • Damilare Oladeji on Nigerian Government Agencies that Support Entrepreneurship in 2024
  • situs alay4d on 50 Best Tools to Boost Your Productivity as an Entrepreneur in 2024
  • Otabor Osayomore Blessing on Ultimate 2024 Guide to the Top Business Enabling Cities for Startup Founders and Entrepreneurs in Nigeria
  • About us
  • Advertise with us
  • Contact Us
  • Home
  • News
  • Newsletter
  • Submit News
  • Terms of Use

© 2023 MSME Africa - All rights reserved.

No Result
View All Result
  • About us
  • Advertise with us
  • Contact Us
  • Home
  • News
  • Newsletter
  • Submit News
  • Terms of Use

© 2023 MSME Africa - All rights reserved.