Nigeria

Private Sector Development Programme (PSDP): Growing the non-oil resource base and promoting inclusive markets

This programme is aimed at growing the non-oil resource base and creating wealth for the poor through the concept of ‘inclusive markets’, essentially an approach designed to make markets work better for the poor as entrepreneurs, wage employees and consumers of goods and services by boosting employment, value added production and incomes.

The programme will tackle unmet needs of the productive sectors in the areas of reliable and affordable credit and energy to meet the following four outcomes;

1. Increased access to affordable and reliable sources of renewable energy for Small and Medium-scale Enterprises (SMEs), rural and urban settlements.

2. Developed and/or expanded growth and linkages in agriculture and agro-industry to meet demands in domestic, regional and international markets whilst boosting productivity, value addition, employment and incomes especially in rural and peri-urban areas.

3. An expanded base of private sector-based service providers targeting business and market development for SMEs, including microfinance and entrepreneurship training.

4. Application of innovative corporate social responsibility (CSR) models that integrate SMEs with the core business of large and medium sized corporate organisations.

The strategies for achieving these outcomes include providing cutting edge technical support to increase
productivity, employment and income recognising and closing disparities of gender and other forms; linking up with other partners and focusing on UNDP areas of expertise to demonstrate viable technical, institutional and business models; promotion of high quality analysis to independently attract additional investment flows and effective public-private partnerships.