The federal government of Nigeria has revealed its readiness and commitment to Sustainable Development Goals (SDGs) for 2030.
Nigeria’s finance, Budget, and National Planning minister Mrs. Zainab Ahmed disclosed this while speaking at the 77th United Nations General Assembly.
The Minister said: “This financing strategy is backed by a Medium-Term Revenue Strategy and a Medium-Term Expenditure Framework. It is further supported by a clear roadmap and monitoring framework and includes guidance on governance and coordination to provide a holistic approach with the necessary transparency and accountability measures to make this a successful initiative.
“What do we aim to achieve with the INGFF? We hope to improve on our revenue collection both at the national and sub-national levels. To this end, we plan to digitalize, optimize, and generally make our tax system much more effective, better coordinate the budget processes and generally make public spending much more effective.
“We also aim to make Nigeria a hub for private investment both at the international and local levels. We will work with banks and local investors – including institutional investors by creating a more conducive environment for them to operate.
“For international private investors, priority will be given to designing policies and instruments that could positively promote their interest in Nigeria. We are already working towards improving remittance flow, foreign direct investments, venture capital, and angel investment among others into the Nigerian economy.
“We would be relying on the continued support of our international partners such as donor organizations, International Financial Institutions (IFIs), multilateral development banks (MDBs), and Development finance institutions (DFIs) to provide grants and concessional loans that will enable us to build our infrastructure and generally improve our economy.”
Towards the actualization of the Sustainable Development Goals (SDGs) for 2030, it was reported that the President Buhari-led administration, launched Nigeria’s SDG financing framework with $100bn.
The president had disclosed that the various developmental plans and programs for Nigeria, have all been aligned with the SDG and are poised to improve the economy, despite the myriad of problems ravaging the country.
