Local Economic Development (LED) is a participatory development process that encourages both the private and public sector stakeholders of a Local Government to jointly design and implement a common development strategy by making use of local resources and competitive advantage, with the objective of creating decent jobs and sustainable economic development for all members of the community.
Local Economic Development (LED) is a participatory development process that encourages both the private and public sector stakeholders of a Local Government to jointly design and implement common development strategy by making use of local resources and competitive advantage, with the objective of creating descent jobs and sustainable economic development for all members of the community.
Approach
The Local Government is where the LED activities will be taking place and the LG Fora will be driving the process. GIZ-SEDIN will build the capacity of the LG Fora in the LED approach, advocacy and PPD. The programme can support the activities of the Fora by continuously giving technical assistance, advises and also follow-up with their activities and give additional capacity, e.g. Organisational Development, CD for virtual meetings, etc. where needed. Support the kick-off of LED activities mentioned below in any of the LGAs selected.
Objective
Ensure the integration of LED initiatives into the local government development plan, where it exists, or the development of such.
- Support local government to develop the LED strategy and its implementation.
- Facilitate analysis and promotion of local economic potential through the Participatory Appraisal of Competitive Advantage (PACA) tool
- Analyse economic trends within the Local Government Area (LGA) assess the impact of economic strategies of LGA.
- Identify priority interventions for the LGC in the area of economic development
- Support linkages and facilitate partnerships between the public and private sectors in implementing interventions
- Serve as a structured platform for dialogue between the various stakeholders in the LGA
- Support the monitoring mechanism of the LGA on the implementation of economic development Projects and Policies.
- Facilitate grant sourcing for LED projects
The relevance and importance of local markets and improved market services (including facilities) cannot be over-emphasized as they provide strategic institutions and economic hubs for the development of a local economy and the facilitation of business exchanges. In a market, boundaries segregation and barriers do not exist as it congregates people with a shared interest in commerce, exchange and livelihood aspirations. This is why SEDIN has taken an interest in market intervention, considering that markets play such a significant role in daily commerce, livelihoods (providing income and employment) and improved welfare (helping to lift people out of poverty) of our target groups.
42 markets have been selected in partner LGAs
Approach
- Provision of capacity-building sessions on strategic topics
- Project (including facilities) identification, action planning and implementation;
- Strengthening of the market information systems;
- Facilitating the improvement of access to finance and insurance services for market actors;
- Organisational Development;
- Exposure to the use of applicable digital solutions;
- Sustainable market meetings, advocacy sessions and PPDs
- Development of standardized learners and trainer manuals on core market development topics.