President Muhammadu Buhari will, on Friday, launch Nigeria’s Integrated National Financing Framework (INFF) for Sustainable Development, on the margins of the 77th session of the United Nations General Assembly (UNGA77) in New York.
Proposed within the broader Addis Ababa Action Agenda, the INFF is a planning and delivery tool to finance sustainable development at the national level.
The INFF helps policymakers put out strategy to increase investments for sustainable development, manage financial and non-financial risks, and ultimately achieve sustainable development priorities.
While a country’s national development plan spells out what needs to be financed, the INFF shows how it will be financed and implemented.
For Nigeria, the INFF is also expected to help in recovery from effects of the COVID-19 pandemic as well address lack of an integrated approach to financing Sustainable Development Goals, which has been a key challenge to meeting the financing requirement estimated at $100 billon over the next 10 years.
The 2030 Agenda for Sustainable Development presents an ambitious, complex and interconnected vision that countries around the world have committed to working towards.
Source: Guardian.ng
