BRAVE Yemen, BRAVE Nigeria Engage in Knowledge Exchange

*Concludes a five-day technical knowledge exchange program. 

The Business Resilience Assistance for Value-Added Enterprises (BRAVE) Women Nigeria program being implemented by the Bank of Industry (BOI) recently concluded an intensive five-day technical exchange program with her sister program executed by the Small and Micro Enterprise Promotions Service (SMEPS) in Yemen.
The exchange held virtually from Tuesday, 6 April 2021 and ended on Tuesday, 13 April 2021. With participants converging from Jeddah, Arden and Sana’a in Yemen and Abuja, as well as Edo, Gombe and Lagos states in Nigeria, SMEPS and BOI were provided an opportunity to understand each other’s roles as champions for MSMEs. It prompted a critical assessment of the experience of the Yemen program during the implementation of its program over the last five years, lessons that would prove valuable to the Nigeria program as it gets set to begin its own implementation. SMEPS took the BRAVE Women Nigeria Project Management Unit (PMU) on a journey through, lessons learned.
Participants in attendance were unanimous in agreement on the potential for a project of this for the Nigerian economy. In a time that presents challenges for businesses and economies across the globe, the BRAVE Women Program presents a ray of stability in a fragile reality.

 

About the BRAVE Women Program

The BRAVE Women Program, funded by We-Fi through the Islamic Development Bank, is a multi-country initiative with potential for scaling up and replication to revive women-owned/led micro-and small enterprises across Yemen, Nigeria, and Burkina Faso. Bank of Industry (BOI) is the local executing agency of the BRAVE Women project in Nigeria on behalf of the Federal Government. The project seeks to build the capacity of at least 600 women-owned/led MSMEs in Edo, Gombe, and Kano in business resilience, and provide 500 of these firms with a matching grant of between $5000 to $15000 each. Equally, the project will be working with 20-30 lead firms and 10 Business Associations to support them in protecting vital value chains and upgrading the chain performance, impacting on many more MSMEs. Each lead firm and Business Association would be supported with a matching grant ranging from $15000-$50,000.   

For more information on the BRAVE Women program in Nigeria, contact nobi@boi.ng

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