Source: The Guardian

UNIDO trains the trainers

The United Nations Industrial Development Organisation (UNIDO’s) Investment and Technology Promotion Office (ITPO), Nigeria, has called for the formulation of affective strategies to address the inability of Small and Medium Enterprises (SMEs) to grow in the country. This, it said, is because studies have shown that only 20 per cent of SMEs manage to survive in the country.

The Coordinator, ARCEIT Programme, UNIDO ITPO, Bahrain, Afif Barhoumi, who made the observation at the opening of a four-day training programme, organised by UNIDO ITPO for selected Federal Government agencies in Nigeria, stressed the need for continuous enterprise development and investment promotion to key stakeholders.

“Although everybody in Nigeria desires to become an entrepreneur, only 40 per cent of the dreamers get to start, but no more than 20 per cent survive,” he said, adding that MDAs needed to entrench enterprise development and investments promotion as a key strategy to end the scourge.

“The training will also equip the SMEs with survival and growth skills needed to thrive and take advantage of investment and trade opportunities in local, regional and international business environments,” he noted. Read More…