MoU between UNIDO and the Nigerian Bank of Industry

MoU between UNIDO and the Nigerian Bank of Industry

Vienna, 10 July 2008 - 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.

For more information, please contact:

Mr. Thomas Kenyon
Industrial Development Officer
Tel. + 43 1 26026 3893
E-mail