Integrated National Financing Framework Committee inaugurated

The Hon. Minister of Finance, Budget & National Planning, Mrs. Zainab Shamsuna Ahmed has reiterated Nigeria’s commitment to ensuring sustainable/inclusive growth; and achieving of the Sustainable Development Goals, 2030 Agenda.

“Our strategy is focused on early domestication, integration and implementation through sub-national mainstreaming, inter-agency coordination & institutional strengthening”, she said.

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The Minister stated this at the formal inauguration of the High-Level Steering Committee for the Nigeria Integrated National Financing Framework (INFF) on the 19th of February, 2021.

The committee will oversee the development of a roadmap for the implementation process in Nigeria.

INFF is a tool to help countries strengthen planning processes and overcome existing impediments to financing sustainable development at the national level. While a national development strategy details what needs to be financed, the INFF shows how it will be financed and implemented.

The High-Level Steering Committee under the leadership of the Government of Nigeria will comprise:

  1. Chair – Honourable Minister of Finance, Budget, and National Planning
  2. Members
    2.1. Government:
    a) Hon. Minister of State, Budget and National Planning
    b) Governor of the Central Bank of Nigeria
    c) Chairman, Nigeria Governors Forum (NGF)
    d) Director General (DG), Budget Office of the Federation
    e) Senior Special Assistant to the President (SSAP) on the Sustainable Development Goals (SDGs)
    2.2. Development Partners:
    a) United Nations (UN) Resident and Humanitarian Coordinator
    b) United Nations Development Programme (UNDP) Resident Representative
    c) Ambassador of the European Union (EU) to Nigeria
    d) World Bank (WB) Country Director
    e) International Monetary Fund (IMF) Resident Representative
    f) Africa Development Bank Group (ADB) Senior Director of the Nigeria Country Office
    g) Islamic Development Bank (IsDB) Director Abuja Regional Hub
    2.3. Others:
    a) Co-Chair Private Sector Advisory Group (PSAG) on SDGs

In her closing statement, the Minister added that “Through innovative financing, meaningful private sector engagement, strategic deployment of development funds and the strategic use of tools such as the Integrated National Financing Framework (INFF), Nigeria and other countries will be better positioned to grow back better, sustainably, and more inclusively”

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