Empowering Nigeria's MSMEs through Sustainable Enterprise

Strategic Insights -

Over 470 Micro, Small, and Medium Scale Enterprises (MSMEs) in Nigeria are set to benefit from the Global Environment Facility Small Grants Programme (GEF-SGP), being implemented by the United Nations Development Programme (UNDP) through the International Trade Facilitators Association (ITFA). The programme, known as the Support to Potential and Existing Nature Positive MSMEs (SPENM), aims to address environmental challenges while promoting sustainable social enterprise. Participants will gain access to practical strategies, knowledge, and tools to create robust, sustainable business models, master fair trade principles, and apply fair trade for competitive advantage.

Key Takeaways:

  • The programme supports 470 MSMEs in Nigeria, with a focus on sustainable enterprise and environmental sustainability.
  • The programme is funded by the Global Environment Facility Small Grants Programme (GEF-SGP) and implemented by the UNDP through the ITFA.
  • The programme aims to equip MSMEs with knowledge and tools to create sustainable business models, master fair trade principles, and apply fair trade for competitive advantage.
  • Participants will have the opportunity to be listed on the upcoming ITFA directory, a dedicated platform designed to promote nature-positive, social impact businesses.
  • The ITFA will provide direct access to business communities, NGOs, and the global environment partners to support MSMEs in accessing new markets and building consumer trust.
  • The programme will also provide participants with training on creating business models that work for every participant, developing specific local solutions, and reviewing and passing them to mentors.
  • The programme is part of the Nigeria's One state, One Product initiative, with each state nominating candidates for the programme.

Statistics:

  • 470 MSMEs will benefit from the programme.
  • The programme is funded by the Global Environment Facility Small Grants Programme (GEF-SGP).
  • The ITFA will provide training and supports to 470 MSMEs in Nigeria.
  • The programme aims to promote sustainable social enterprise and environmental sustainability in Nigeria.
  • The ITFA directory will list nature-positive, social impact businesses, providing visibility and recognition for participants.

Sources:

  • United Nations Development Programme (UNDP)
  • International Trade Facilitators Association (ITFA)
  • Global Environment Facility Small Grants Programme (GEF-SGP)