• Areas of Intervention

    Areas of Intervention

Financial Sector Reform NigeriaFinancial System Development Supports to improve the regulatory environment for microfinance and the performance of selected microfinance banks, assess possibilities to support financial institutions to increase their MSME lending activities, facilitate the introduction of microinsurance products, as well as activities to foster financial literacy and consumer protection in the financial sector.

Business Environment Reform / Value Chain DevelopmentBusiness Environment Reforms help to improve the regulatory and institutional environment for MSMEs at local, state and federal levels. This is being achieved by strengthening the capacities of stakeholders from the public and private sector in advocating and implementing reforms that result into better performing MSMEs with increased income generated and sustained employment. The reforms encompass the three administrative levels (federal, state and local) on themes such as: land acquisition and obtaining building permits; company registration, harmonization of the taxation system for MSMEs, enforcement of contracts; policy formulation that directly impact MSMEs (federal level). Support also extends to strengthen the downward linkages of national advocacy platforms to state and local counterparts and sensitize about MSME issues through local radio stations.

Value Chains DevelopmentThe promotion of agricultural and non-agricultural value chains (VCs) will help to diversify the economy and enable the programme to ascertain the effects of the reforms promoted in all four units and design reforms in line with VC-specific target group needs. SEDIN has selected four VCs: rice in Niger, cassava in Ogun, potato in Plateau and construction with a focus on the low-cost housing sector as a cross-cutting non-agricultural VC in all states.

Nigeria’s Economic Integration into ECOWASSEDIN’sTrade Policy and Facilitation Unit supports reducing administrative hurdles to domestic and intra-regional trade by removing physical trade barriers and supporting border management reforms; facilitating participatory and evidence-based policy making and implementation; sensitising the private sector including MSMEs on the potential s and procedures of intra-ECOWAS trade; as well as promoting Nigerian exports into the sub-region.

Gender MainstreamingIn most societies, women are disadvantaged in social, political, legal and economic terms due to the prevailing gender roles and gaps. These women account for more than 60% of the worlds’ poor. In Nigeria, 80.2 million women and girls have significantly worse life chances than their male counterparts. However, awareness on the need for gender mainstreaming is gradually emerging. In spite of the relevant approaches, it is difficult to translate policies into practice. Thus the challenge is to create an enabling environment in which women participation and empowerment can be increase.