Minister for Industry, Trade and Investment launched the Business Innovation and Growth (BIG) Platform
Business Innovation and Growth Activities Supported Under the World Bank Project
Dear All,
This is to let you know that the Honourable Minister for Industry, Trade and Investment launched the Business Innovation and Growth (BIG) Platform on Tuesday Feb 9, 2016. This is the platform through which firms/organizations can apply for grant under the World Bank Assisted Growth and Employment (GEM) Project.
Minister for Industry, Trade and Investment launched the Business Innovation and Growth (BIG) Platform
Q: What is GEM?
The Growth and Employment Project GEM, is a project set up through 160 million US Dollars financing received from the World Bank by the Federal Government of Nigeria to:
- Improve investment climate
- Increase competitiveness of strategic clusters
- Sustainably increase number of jobs
- Provide economic diversification
Q: How can my company access funds?
Companies will access funds through an application process that will require applicants to provide details of their company and the proposal they want funded.
Q: Why will the project decide what to fund? Why can’t we decide what we want?
The project will not unilaterally determine what to fund. As part of the exercise, an Industry Cluster Group comprising stakeholders in each sector will be formed to provide input into project areas of focus.
Q: What is the GEM project trying to achieve?
The GEM project aims to:
- Improve investment climate
- Increase competitiveness of strategic clusters
- Sustainably increase number of jobs
- Provide economic diversification
Minister for Industry, Trade and Investment launched the Business Innovation and Growth (BIG) Platform
Please access the platform at www.bigportal.org.ng and get information on the grant awarding process.