The Federal Ministry of Industry, Trade and Investment (FMITI)
MANDATE
To create enabling environment to stimulate domestic investment and attract foreign direct investment in all sectors of the economy and make Nigeria the most preferred investment destination.
To facilitate trade in goods and services and maximize the benefits of international trade through functional bilateral and multilateral trade relations with other countries.
To accelerate the growth of the industrial sector and enhance productivity.
To boost the development of Micro, Small and Medium Enterprises (MSME) as the engine of economic growth.
The execution of the mandate of the Ministry are facilitated through its various programmes such as the Nigerian Industrial Revolution Plan (NIRP), National Enterprise Development Programme (NEDEP), Trade Policy, enabling environment for the promotion of investment, and the industrialization of the country.
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The Industrial Development Department (IDD), derives its statutory functions from the erstwhile Federal Ministry of Industry mandates, as outlined in the Federal Government gazette No. 15 Vol. 76 of 1989 and Industrial Inspectorate Act CAP 18 LFN 2004 as well as Industrial Development (Income Tax Relief) Act CAP 17 LFN 2004.
The Industrial Development Department (IDD) is made up of two out of three defunct technical departments of the former Federal Ministry of Industry, which were:
- Large Scale Industries Department (LSID)
- Small and Medium Scale Industries Department (SMID)
The Department is accordingly structured to oversee the entire industrial landscape of the economy. Thus, its main mandate is to ensure that the Nigerian industrial sector becomes the prime contributor to GDP through value addition, job creation, wealth generation and sustainable livelihood.
The Industrial Development Department (IDD) derives its functions from the Federal Ministry of Industry’s (FMITI) mandate. IDD is made up of two former departments under the FMITI: (i) the Large Scale Industries Department (LSID), and (ii) the Small and Medium Scale Industries Department (SMID). IDD is structured to oversee industrial activities within the national economy and its mission is to ensure that the Nigerian industrial sector becomes the prime contributor to GDP through value addition, job creation, wealth generation and support to sustainable livelihoods. As such, the IDD is a key partner of the NIRP project.
UNIDO
UNIDO is the specialized agency of the United Nations that promotes industrial development for poverty reduction, inclusive globalization and environmental sustainability.
The mission of the United Nations Industrial Development Organization (UNIDO), as described in the Lima Declarationadopted at the fifteenth session of the UNIDO General Conference in 2013, is to promote and accelerate inclusive and sustainable industrial development (ISID) in developing countries and economies in transition.
The relevance of ISID as an integrated approach to all three pillars of sustainable development is recognized by the recently adopted 2030 Agenda for Sustainable Development and the related Sustainable Development Goals (SDGs), which will frame United Nations and country efforts towards sustainable development in the next fifteen years. UNIDO’s mandate is fully recognized in SDG-9, which calls to “Build resilient infrastructure, promote inclusive and sustainable industrialization and foster innovation”. The relevance of ISID, however, applies in greater or lesser extent to all SDGs.
The UNIDO Regional office in Nigeria is presently working with the Government of Burkina Faso, Benin Republic, Niger, Mali and Nigeria to promote inclusive and sustainable industrial activities in these countries and in the West Africa Region.
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Private Sector
The private sector of Nigeria is one of the key stakeholders of the Nigeria Industrial revolution plan project secretariat. The sector is ably represented by the Manufacturers Association of Nigeria (MAN). Established in 1971 as a company limited by guarantee, the Association was motivated by the desire to have a focal point of communication and consultation between industry on the one hand, and the government and general public on the other. Hitherto, there was no institutional organ whose central focus was to give meaning to the interests, problems and aspirations of the manufacturing sector.
The establishment of the Manufacturers Association of Nigeria was therefore seen as a forum for the private sector to formulate and articulate policy suggestions that would be complementary to government’s efforts at policy formulation.
MAN is in business to create a climate of opinion in this country in which manufacturers can operate efficiently and profitably for the benefit of all. As the collective voice of its members, MAN was established to promote and protect manufacturer’s collective interests.
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