Page 6 - THE NOTICEBOARD AUGUST EDITION 61
P. 6
Page 6 August, 2020
Under these project
National Entrepreneurship &
Access to market is already
Innovation Programme (NEIP)
provided for each of the
Continued from pg 5
engaged over one month of factories apart from being industries that is to be set
entrepreneurship training operated as a profitable up. Off-taker agreements
· 500 entrepreneurs venture, will also be used as a would be signed before
will further be engaged training centre for the youth production commences.
over 1 year with seed with diverse skills of interest NEIP Fund (Module 4)
funding and business so that after the practical This fund would be a
support services training, they can also be in a privately managed fund but
Programme Objectives position to be set up and under the supervision and
The overall objective of the supported. management of NEIP and
programme is to provide Examples of some of the the Ministry for Business
integrated, nationwide small factories: Development. The capital
support for start-ups and · Fruit And Vegetable under this fund would be
small businesses. Juice Processing Factory
· Soap Factory raised through Government
NEIP Industrialization Plan · Briquette Factory s u p p o r t , g r a n t s f o r
(Module 3) (Coconut Husk For Organic International agencies and
S E T T I N G U P O F Farming) from the Private sector.
I N D U T R I A L S U B - · Cocoa Pod Processing A committee of Fund
CONTRATING EXCHANGE Factory managers would be put
to link large industries in the · Palm Oil Processing together to manage this
supply chain process. These Plant fund which would be given
small Businesses and Start- · Cassava Processing to businesses that have
ups will become the supply Factory To Process gone through our Training,
chain for goods and service Starch, Flour, Gari, M e n t o r s h i p a n d
to feed the large industries. Cassava Chips And For Accelerated program from
Under this module, there Brewing Alcohol. o u r I n n o v a t i o n a n d
will be a provision of · Shea Butter Factory Incubation hubs. Funds
Subsidized Industrial/ · Brick And Tile Factory a l l o c a t e d w o u l d b e
Machining workshops for · Fish And Livestock d e p e n d e n t o n o n e s
young entrepreneurs to Feed Processing Unit business, the capacity to
develop prototypes and or · Food Canning Industry manage the funds and the
produce to fill orders. All these sectoral industries business ability to generate
have huge demand for its and pay back. The funds
The NEIP Industrialization outputs, but most of the would be both Grants and
Plan has an objective to build outputs of these industries Loans with zero or very low
26 small to medium scale are being done in a very small interest rate to cushion
industries that will be informal manner and the businesses to grow.
looking at key thematic Ministry Through NEIP
areas in the Agro sector and intends to transform these to The major focus of all the
other key sectors of the become centres of excellence modules under NEIP is to at
economy. These small and training.
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