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Chapter 8.0:<br />
Business Development<br />
8.1: Cooperative formation<br />
NEDEP encourages formalization by developing<br />
cooperative groups throughout the country.<br />
The groups have members in the range of 15-<br />
20 individuals who have known each other for<br />
a considerable time period and operate in the<br />
same line of business.<br />
SMEDAN is responsible for forming cooperative<br />
societies in all states and keeping regular contact<br />
with them in order to understand the issues being<br />
faced by their sector and interventions that the<br />
government could develop to reduce these.<br />
8.2 One Local Government One Product<br />
(OLOP)<br />
The One Local Government One Product<br />
programme is based on the One Village<br />
One Product Programme developed by the<br />
Japanese Government. OLOP is being executed<br />
by SMEDAN with the objective of OLOP is<br />
to revitalize the rural economy and improves<br />
employment opportunities. OLOP identifies one<br />
product, with competitive and or comparative<br />
advantage, in each of the 774 local governments<br />
in the country.<br />
1. Identification of MSMEs/Entrepreneurs<br />
along the value-chain of identified products<br />
in each of the Local Government Areas.<br />
2. Formation and registration of cooperative<br />
societies and trade associations from<br />
identified MSMEs/Entrepreneurs.<br />
3. Assisting formed and registered Cooperative<br />
societies and trade associations to develop<br />
bankable business plans.<br />
4. Forward Cooperative societies and trade<br />
associations, with business plans, to Bank<br />
of Industry (BOI) for funding.<br />
5. Follow-up with BDS delivery and Monitoring<br />
& evaluation.<br />
Cooperative societies and trade associations<br />
are being formed & registered and assisted to<br />
develop bankable business plans as a prelude<br />
to access to finance, markets and machinery/<br />
equipment. To fulfill NEDEP’s objectives of one<br />
million jobs per annum, NEDEP is targeting<br />
50,000 successful business plans to be funded<br />
annually. The funds are provided by the BOI<br />
cooperative lending scheme. NEDEP is seeking<br />
to increase the funds available by sourcing<br />
funds from the private sector and international<br />
development partners. For further details, please<br />
refer to the Guide to OLOP document.<br />
28 National Enterprise Development Programme
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