Buhari to launch Nigeria’s INFF in New York on Friday
By MUNACHIMSO OBIENYI
PRESIDENT Muhammadu Buhari will on Friday, 23rd September 2022, launch Nigeria’s Integrated National Financing Framework, INFF, for Sustainable Development.
The ceremony will take place on the margins of the 77th session of the United Nations General Assembly (UNGA77) in New York.
This was disclosed via a statement by the Special Adviser to the President on Media and Publicity, Chief Femi Adesina.
Proposed within the broader Addis Ababa Action Agenda, the Integrated National Financing Framework (INFF) is a planning and delivery tool to finance sustainable development at the national level.
According to the statement, “The INFF helps policymakers lay out a 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”.
The statement further noted that for Nigeria, the INFF is also expected to help in the recovery from the effects of COVID-19 pandemic as well as help address lack of an integrated approach to financing SDGs, which has been a key challenge to meeting the financing requirement, estimated at $100 billion 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. Realizing this vision will require mobilization of a diverse range of public and private resources.
The INFF is a tool to help countries strengthen planning processes and overcome existing impediments to financing sustainable development at the national level. It helps governments and their partners to build more integrated approaches to financing, that strengthen the alignment between public and private investments and longer-term sustainable development objectives and build greater coherency across the governance of public and private financing policies”, the statement said.
