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UNIDO, Anambra Stake $.55 million On Entrepreneurship Devt For Women, Youths

The United Nations Industrial Development Organization (UNIDO) and Anambra State Government have signed a Trust Fund Agreement (TFA) to increase the capacity of women and youths across the state in entrepreneurship and business skills under the UNIDO-HP Learning Initiative for Entrepreneurs (LIFE).

As part of the agreement, the Anambra State government will provide a seed contribution of $150,000 as …its counterpart contribution to support the project implementation in the state within the next three years, while UNIDO has provided $400,000 to support the project implementation in Nigeria. 

The UNIDO-HP Learning Initiative for Entrepreneurs (LIFE) is an entrepreneurship programme designed for students, entrepreneurs and small business owners to develop their business and IT skills.

The project targets to reach up to 166,000 young men and women and to create at least 40,000 direct and indirect jobs, through linkages with SMEs support institutions and educational institutions. 

Speaking during the signing of the TFA in Awka, the Governor of Anambra State, Chief Willie Obiano, said the partnership with UNIDO would enable the state to create more jobs and address unemployment. “I feel delighted with this partnership between UNIDO and Anambra State government.” 

The Trust Fund Agreement we signed today is at the heart of what the Anambra State Government wants to achieve – which is to give lifelong skills to our youths and women for job creation. I am convinced that in less than three years of the implementation of this project, youths, women and students who are beneficiaries of this project will become self-employed and even employers of labour.” Obiano said.

UNIDO Representative to ECOWAS and Regional Director, Nigeria Regional Office Hub, Jean Bakole thanked the governor for partnering with UNIDO and reaffirmed the Organizations’ commitment towards supporting the Anambra state and Nigerian government in their efforts to create more jobs, reduce poverty and generate wealth through inclusive and sustainable industrial development.

Bakole said, “On behalf of the UNIDO Director General, Li Yong, I want to thank the Government of Anambra State and the Federal Government of Nigeria for their partnership and support for UNIDO activities in the country in line with our mandate of promoting Inclusive and Sustainable Industrial Development in developing countries and economies in transition. 

“UNIDO’s partnership with Anambra state is part of our on-going projects in Nigeria which aims at developing and empowering youths and women as employment and wealth creators so that they will ultimately become the epicentre and foundation for inclusive and sustainable industrial development.”

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