Business

Harmonization Of APRM, 2ND NPoA Will boost MSME growth in Nigeria

Published

3 years ago

April 25, 2022

Finance Minister

By Joel Ajayi

The Minister of Minister of State of Finance, Budget and National planning Prince Clem Agba has disclosed that, Harmonization and Finalization of Monitoring and Evaluation Framework For implementation of 2^nd National Programme of Action NPoA) will help build a strong foundation for a concentrically diversified economy with robust MSME growth.

Minister who was represented at the occasion by the Mr. Peter Adeosun stated this on Monday in Abuja at the 5 days African Peer Review Mechanism APRM capacity building workshop for stakeholders for Harmonization and Finalization of Monitoring and Evaluation Framework for implementation of 2^nd National Programme of Action NPoA).

According to him, the Plan is to ensure that Nigeria unlocks its potential in all sectors of the economy for a sustainable, holistic and inclusive national development.

“It seeks to, among others; invest massively in social infrastructure and services to alleviate poverty; establish a strong foundation for a concentrically diversified economy with robust MSME growth and a more resilient business environment; invest in critical physical, financial, digital and innovation infrastructure; and build a solid framework and enhance capacities to strengthen security and ensure good governance.

“Specifically, the Plan aims to generate 21 million full time jobs and lift 35 million people out of poverty by 2025, thus, setting the stage for achieving the current Administration’s commitment to lifting 100 million Nigerians out of poverty in 10 years.”

He added that: “the Ministry, in line with its mandate and Presidential approval, is in the process of finalizing the development of the Nigeria Agenda 2050, which is the country’s Perspective Development Plan to replace the Nigeria Vision 20:2020.

“The approach to the development process of these Plans is very unique and home-grown and took into account Nigeria’s international and regional economic commitments.

“The National Development Plan 2021-2025 for the first in our history has three volumes, which included the Policies and Strategies, coasted programs and projects as well as legal and legislatives imperatives, with the enabling laws that will be passed or amended for effective implementation of the Plans.”

“It is important to note that the APRM National Programme of Action’s (NPOA) Monitoring and Evaluation Framework is aligned with the national M&E framework in the National Development Plan, 2021-2025. I urge other stakeholders, Development Partners and MDAS to mainstream and harmonize their sectorial Plans and country strategies in line with the priorities of government as embedded in the Plan to ensure full implementation of the Plan.”

He assured that, the Ministry will continued support African Peer Review Mechanism to ensure that Nigeria delivers on her development aspirations including, bilateral, multilateral and regional economic commitments.

In her welcome addressed, the CEO, AUDA -NEPAD/APRM Nigeria Princess Gloria Akobundu commended the collaborative efforts of all stakeholders which she believe will leave a milestone in the implementation of the new (NPoA)

She said: “This program is geared towards the “Harmonization and Finalization” of the NPoA framework to address the challenges identified in the Second County Review Report (CRR) and carry out national capacity building on “Monitoring and Evaluation framework” for the effective implementation of the National Programme of Action (NPoA).

“It is, therefore, critical to engage the Implementers for better information, understating and ownership of the NPoA for effective implementation hence, the need for public sectors, MDAs, Civil Society organizations, organized private sectors, states and local government’s participation in this timely workshop.

“The primary objective of NPoA is to guide and mobilize the country’s efforts in implementing needed changes to improve its state of governance and accelerate its economic development.”

“Its therefore atmost importance that significant issues are addressed to enable full realization of the goal of the NPoA framework. Having successfully conducted the country self-assessment which produced the Country Self Assessment Report and the Country Review Report (CRR) prior to the successful validation by the Country Review Mission (CRM) led by APRM Panel of Eminent Person and Continental Secretariat, Nigeria is currently drafting its National Programme of Action taking into consideration all the APRM Panel of Eminent Person’s recommendations as well as all the overarching issues.

“The document consequently, is expected to be harmonized in line with the global SDGs 2030, AU-Agenda 2063 and Nigeria’s National Development Plan for smooth implementation in line with global best practices”

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Business

Democracy Day: Fiscal Discipline Key To Nigeria’s Sustainable Devt – Auditor-General

Published

5 days ago

June 12, 2025

The Gleamer

…Urges National Assembly to Pass Audit Bill 2022

Joseph Bisi

As Nigerians commemorated a historic milestone in their collective pursuit of a more socio-economically robust nation, the Auditor-General for the Federation (AuGF), Shaakaa Kanyitor Chira, has implored the nation’s leaders and citizenry to intensify their efforts in championing the cause of fiscal discipline and accountability within the public finance system. In a brief conversation with journalists to mark the 2025 ‘Democracy Day’ on Thursday, the AuGF commended President Bola Tinubu’s administration for its ongoing fiscal and tax reform initiatives, describing these measures as essential for enhancing the nation’s revenue generation and budgetary expenditures. Chira explained that transforming the potential benefits of these reforms into tangible gains for the citizenry required more transparent fiscal mechanisms for the monitoring and evaluation of government expenditures, including the auditing processes and the timely appraisal of the Audit report by his Office, free from political interferences. He said: “Today’s Democracy Day is worthy of celebration, given the political history of the country and the prospects for sustainable development. Over the past few years, we have witnessed a series of reform initiatives by both past and present administrations aimed at improving the nation’s fiscal system, particularly under President Bola Tinubu, based on the current Tax Reforms and Fiscal Policy Bills that are being finalized by the National Assembly. “Let me emphasize that these measures are not merely desirable for Nigeria’s sustainable development; the enactment of the four pivotal bills will significantly contribute to stabilizing the financial system while also promoting transparency in public finance and prudent governance at all levels of government throughout the country. “It is imperative to underscore, however, that the role of the Office of the Auditor-General of the Federation (OAuGF) in achieving these laudable objectives may be impeded if the Audit Bill currently before the National Assembly is not enacted into law. “The passage of the Bill, which seeks to augment the AuGF’s role in ensuring accountability, transparency and value for money in government expenditure while empowering the AuGF with administrative and financial autonomy, is crucial for enhancing transparency and accountability within Nigeria’s public finance system that aligns with International Standards of Supreme Audit Institutions (ISSAIs). “Therefore, I seize this opportunity to appeal to our lawmakers in the National Assembly to prioritize the passage of the Audit Bill as a strategic legislative initiative to achieve the commendable goals of the Tax Reforms and Fiscal Policy Bills they are presently finalizing,” the AuGF added.Experts are of the view that the Auditor-General’s call for the passage of the Audit Bill 2022 aligns with the OAuGF Strategic Plan 2024-2028, which encapsulates the objectives of the Office being the Supreme Audit Institution(SAI) of Nigeria, aimed at enhancing public sector governance and accountability. The four principal objectives of the Strategic Plan include Goal 1: Focusing on the enhanced independence and mandate of the OAuGF; Goal 2: to mitigate mismanagement of public funds through more robust follow-up on audit recommendations; Goal 3: to ensure improved financial reporting within the public sector; and Goal 4: to establish the OAuGF as a model institution not only in Nigeria but on a global scale.

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