Nigeria - Institutional Support for Economic Management and Delivery Project


Project Summary

Approval Date 03 Dec 2018
Signature Date 14 Feb 2019
Planned Completion Date 30 Jun 2022
Last Disbursement Planned Date 30 Jun 2022
Sovereign / Non-Sovereign Sovereign
Sector Multi-Sector
DAC Sector Code 15110
Commitment U.A 10,000,000
Status Implementation

Project General Description

The Institutional Support for Economic Management and Delivery Project is an institutional support operation designed to complement and build on the previous and ongoing operations (e.g. Debt Management Capacity Building Project; and Economic Governance, Diversification and Competitiveness Support Program), and other partners’ interventions. The Project also supplements the Federal Republic of Nigeria (FRN)’s interventions - the effort to accelerate ERGP implementation through the provision of technical assistance and developing critical skills in Government. It will thus play a role in building institutional capability critical for Nigeria’s macroeconomic stability, and economic recovery. The Project consists of four key components: (a) enhancing economic management, (b) enhancing performance management and delivery, (c) strengthening domestic revenue mobilization and effectiveness in public procurement, and (d) project management support.

Project Objectives

The project’s goal is to strengthen economic and financial governance for achieving a stable macroeconomic environment, inclusive and sustained growth, and effective implementation and delivery of the national development plan. The specific objective of the project is to develop institutional capacity in macroeconomic management, revenue mobilization, procurement, monitoring and evaluation, and performance and portfolio management and delivery.

Beneficiaries

The main beneficiaries are senior management and technical staff of key central government institutions responsible for policy making, development planning, budgeting, procurement, performance management and reporting, monitoring and evaluation. The direct project beneficiaries include the Ministry of Budget and National Planning, Federal Ministry of Finance, and Bureau of Public Procurement. Overall, the private sector and the Nigerian population will benefit from the improved capacity for implementation and delivery of the ERGP whose main objective is to address institutional bottlenecks for private sector investment, create jobs, and reduce poverty and inequality.

Participating Organization

Funding
African Development Fund
Extending
Government Of Nigeria

Information

IATI identifier 46002-P-NG-KA0-005
Last Update 31 Oct 2019

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Contact Details

Name GEBRE-SELASSIE Kalayu
Email k.gebre-selassie@afdb.org

Geographic Location

Country Nigeria