SMEDAN One Local Government One Product (OLOP) Program 2024
One Local Government One Product (OLOP) is a development initiative focused on driving economic growth and sustainability by identifying and promoting a unique product or industry within each local government area.
The initiative aims to harness local resources, skills, and potential to create employment, stimulate economic activities, and improve livelihoods within communities.
Through OLOP, stakeholders collaborate to select and develop a product or industry that showcases the region’s strengths and heritage.
This program is designed to identify and galvanize rural communities around their natural endowments for wealth creation.
It also seeks to enhance the technical, technological, and business management skills of MSMEs.
Program Summary
- Type: Entrepreneurs
- Country to study: Nigeria
- Sponsor: Small and Medium Enterprises Development Agency of Nigeria (SMEDAN)
- Eligible Country: Nigeria
- Benefits: Technical Assistance, Growth in Sales, Market Access
- Deadline: Not Specified
SMEDAN One Local Government One Product (OLOP) Program 2024 Benefits
- Participants in OLOP initiatives receive various forms of support aimed at developing and promoting a unique local product or industry.
- This support includes access to technical assistance, capacity-building programs, and market linkages to help scale up their chosen product.
- Additionally, participants benefit from increased visibility and market access, leading to potential growth in sales and profitability.
Requirements
- OLOP targets various stakeholders involved in local economic development, including government agencies, local authorities, community groups, businesses, and entrepreneurs.
- It is designed for local governments seeking to drive economic growth and sustainability within their areas by leveraging unique local resources.
- Entrepreneurs and businesses looking to develop and promote distinctive products or industries in their communities can benefit from participating in OLOP initiatives.
- It is also open to MSMEs in Agri-business.