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Fri, Dec

President Buhari To Launch Financial Framework For SDGs

Africa News
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President Muhammadu Buhari is expected to launch Nigeria’s Integrated National Financing Framework (INFF) for Sustainable Development Goals (SDGs) on Friday on the margins of the 77th Session of the United Nations General Assembly taking place in New York, the United States of America. This was disclosed in a statement issued by the President’s spokesperson, Femi Adesina titled, ‘President Buhari to Launch Nigeria’s Integrated National Financing Framework for Sustainable Development in New York’.

The statement reads, “For Nigeria, the INFF is also expected to help in the recovery from the effects of the COVID-19 pandemic as well as help address the lack of an integrated approach to financing SDGs, which has been a key challenge to meeting the financing requirement, estimated at $100bn over the next 10 years.

“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 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 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”.

Some Heads of Government, the Deputy Secretary General of the United Nations, Amina Mohammed and representatives from countries and international organizations are expected to attend the launch.