FG To Attract More Investment Through ITPO Nigeria | Independent Newspapers Limited
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FG To Attract More Investment Through ITPO Nigeria

Posted: Mar 16, 2016 at 12:35 am   /   by   /   comments (0)

Dr Okechukwu Enelamah, Minister of Industry, Trade and Investment, said Nigeria would collaborate with Investment and Technology Promotion Office (ITPO) to attract investment and promote access to technology.

Enelamah said this in Abuja on Tuesday at the launch and inception workshop of ITPO, Nigeria.

He said the establishment of ITPO under the United Nations Industrial Development Organisation (UNIDO) would accelerate the industrial revolution mantra of the present administration.

“You will agree with me that Nigeria has all it takes in terms of its large market and natural resources.

“The country also has agricultural endowment and skilled labour to drive and sustain the activities of the office within and outside Nigeria,” Enelamah said.

He said the ITPO would collaborate with ministries, departments and agencies (MDAs) to develop the Small and Medium Enterprises (SMEs) through capacity building and cluster development, skill acquisition and business support services.

Enelamah said after the two days workshop, a steering committee consisting of key stakeholders would evolve to validate the activities and programme of ITPO in its first 12 months.

He said the committee would also work closely with the office to create a platform for harnessing the gain of the ITPO.

“The truth is that our future is being shaped by technology or innovation but will be driven by customer response.

“Innovation is the major source of improvement in quality of our material life; it is through innovation that we are able to overcome many of the challenges that confront our society,’’ Enelamah said.

He called on researchers and investors in technology to use the Nigerian Patent System to deposit their inventions at the Patent Registry and obtain registration.

In a speech, Ms Lucia Cartini said in 1996, UNIDO introduced the very first investment promotion services that became the UNIDO network of ITPOs.

Cartini said UNIDO ITPO contributed to reducing development imbalances by brokering investment and technology agreement among developed, developing countries and those with economies in transition.

She said ITPO would provide professional support to enterprises for partnership and business negotiation.

Mr Kalilou Traore, Commissioner in Charge of Industry and Private Sector Promotion, ECOWAS, said the project would enable UNIDO and Nigerian government to fashion out ITPO project plan.

Traore said it would be done in a manner that it would be mainstreamed into the ongoing investment promotion initiative market activities.

He said ECOWAS would collaborate with UNIDO ITPO Nigeria, to set up such office in all other ECOWAS member states.

Also Dr Hashim Hussein, Head, UNIDO Investment and Technology Promotion Office Bahrain, said ITPO would help Nigeria develop its SMEs.

Hussein said the office would carry out programmes to support entrepreneurship and innovation in Nigeria.

He said the entrepreneurship would focus more on women to help them develop programmes.

Hussein said the office would mobilise investment to bring investors into Nigeria and create bigger network.

He said the office would be used to tackle economic empowerment by teaching companies how to start businesses.

Hussein said industrialisation was the only way to tackle poverty and harness policies.