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Abuja Enterprise Agency and National Productivity Centre Forge Strategic Partnership to Boost Nigeria's GDP

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The Abuja Enterprise Agency (AEA) and the National Productivity Centre (NPC) took a significant step forward on April 18, 2024, by executing a Memorandum of Understanding (MOU) aimed at fostering economic development and improving Nigeria's GDP. This strategic partnership leverages the combined capabilities and expertise of both organizations to drive sustainable progress and innovation in the region.

The signing ceremony was attended by Acting Managing Director of the AEA, Chudi Ugwuada-Ezirigwe, and Director General of the NPC, Dr. Nasir Olaitan Raji-Mustapha, alongside their respective teams. The MOU represents a commitment to elevate productivity and stimulate economic growth through collaborative projects and targeted initiatives.

In his remarks, Dr. Nasir Olaitan Raji-Mustapha highlighted the potential impact of the partnership on the nation's economic standing. "By joining forces with the Abuja Enterprise Agency, we are taking a proactive approach to enhance productivity and, ultimately, improve Nigeria's GDP. This MOU sets the stage for transformative change that will benefit a wide range of industries and stakeholders."

Chudi Ugwuada-Ezirigwe emphasized the importance of this collaboration in supporting local entrepreneurs and businesses. "This partnership marks a major milestone in our ongoing mission to promote economic development and entrepreneurial growth in the region. By working closely with the NPC, we can offer even more comprehensive support to SMEs and contribute to boosting the nation's GDP."

The AEA is recognized for its innovative programs focused on entrepreneurship development, capacity building, and business advisory services. Ugwuada-Ezirigwe also discussed the agency's entrepreneur clubs implemented in secondary schools around Abuja, which aim to instill entrepreneurial skills and mindset in young students.

The NPC has a strong track record of promoting productivity and efficiency across different sectors of the economy. Dr. Raji-Mustapha emphasized the centre's projects and initiatives, including productivity measurement, capacity building, and research to support policy development and implementation.

Through their partnership, the AEA and NPC will combine their strengths to deliver impactful programs that address the needs of local businesses and entrepreneurs. This includes providing tailored support, training, and mentorship opportunities to drive economic growth and innovation.

The MOU outlines areas of cooperation such as joint research projects, knowledge sharing, and the development of initiatives to support SMEs and other stakeholders in the region. By working together, the two institutions are set to deliver transformative outcomes that pave the way for long-term success and prosperity.

As the AEA and NPC unite their efforts, they aim to create a more conducive environment for business development and productivity enhancement. This strategic alliance will play a pivotal role in boosting Nigeria's GDP and fostering sustainable economic growth.

Both parties expressed optimism about the potential impact of this collaboration on the local economy and the wider community. By focusing on key areas such as entrepreneurship, innovation, and productivity, the two institutions are poised to contribute to the sustainable development of Nigeria and its economic prosperity.

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