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EU offers Nigeria N4.2 billion to boost trade

28 January 2014, 11:44

Abuja - The European Union in a bid to boost trade and improve productive capacity in Nigeria is partnering with the government, the Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) and United Nations Industrial Development Organisation (UNIDO) to launch a N4.2 billion competitiveness project.

The project, tagged "Nigeria Competitiveness Support Programme (NCSP)", will make the EU provide a fresh N4.2bn to increase competitiveness in the non-oil related sectors of the economy, reports BusinessDay.

Olusegun Aganga, Minister of Industry, Trade and Investment,said the project, which is made up of three  components, is central  to the National Industrial Revolution Plan of the Federal Government of creating jobs and reducing poverty.

He listed the three components of the project to include establishment of national quality infrastructure; effective management of trade policy and trade facilitation through strengthened trade support institutions and improved business and investment climate through regulatory reforms.

Read more at  BusinessDay


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