| MoU between UNIDO and the Nigerian Bank of Industry |
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| Thursday,July 24,2008 Posted: 23:09 BJT(09 GMT) |
| From:UNIDO Article type:Reproduced |
A delegation from the Nigerian Bank of Industry (BOI) visited UNIDO last week to explore opportunities for partnership. From left to right: Mr. K. K. Yumkella, UNIDO Director-General, Ms. E. N. Oputu, BOI Managing Director.
The BOI is Nigeria’s largest development bank and invests in small and medium sized enterprises that contribute to the processing of local raw materials and generate employment, particularly among women.
Among the projects discussed with UNIDO were an investment in a power plant that produces renewable energy from rice husks and the establishment of a supplier benchmarking and partnership exchange to help Nigerian automotive components manufacturers become more efficient.
While they were in Vienna, the Delegation also met representatives from the Austrian Development Bank and KommunalKredit, an Austrian organization that supports projects to reduce emissions of greenhouse gases.
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