HMS ADDRESS AT NSC INAUGURAL MEETING

 

WELCOME ADDRESS

 BY

 PRINCE CLEM IKANADE AGBA

HON. MINISTER OF STATE FOR BUDGET AND NATIONAL PLANNING OF THE FEDERAL REPUBLIC OF NIGERIA 

 AT THE

 INAUGURAL MEETING OF THE  NATIONAL STEERING COMMITTEE (NSC) FOR THE PREPARATION OF MEDIUM TERM NATIONAL DEVELOPMENT (MTNDP) 2021 – 2025 & 2026 - 2030 AND AGENDA 2050

 HELD AT THE

 LAGOS-OSUN HALL, TRANSCORP HILTON HOTEL, ABUJA

 ON

WEDNESDAY, SEPTEMBER 9, 2020

 PROTOCOL

 

  1. It is my pleasure to welcome you to the inaugural meeting of the members of the National Steering Committee (NSC) for the preparation of the Medium Term National Development Plan (MTNDP) 2021 – 2025 & 2026 – 2030 and Agenda 2050. I will also be giving you an update on the steps we have taken so far towards the development of the plan. Today marks a great day in the process with the calibre of people that will chart a new course for this great nation.

 

  1. As you are aware, Government policies in the outgoing decade had been predicated on the Nigeria Vision (NV) 20:2020, which is being implemented through the Economic Recovery and Growth Plan (ERGP) 2017 – 2020. NV20:2020 was envisaged to place Nigeria among the top 20 economies in the world with a minimum GDP of US$900 billion and a per capita income of not less than US$4,000 per annum at the end of 2020 while ERGP came as a child of necessity to pull Nigeria out of recession with negative GDP growth rate of 1.5% in 2016 to the path of positive and sustainable economic growth.

 

  1. Clearly, the terminal date for the plans is December 31st, 2020. Although, Nigeria has yet to attain the 20th position in the World economy and the economy is not growing at double digit, it is however safe to state that implementation of ERGP pulled the economy out of recession unto the path of economic growth as the economy experienced eleven quarters of consecutive GDP growth since exiting recession. The GDP grew from 1.91% in 2018 to 2.27% in 2019 but declined to 1.87% and 6.10% in first and second quarter 2020 respectively due to the impact of COVID-19.

 

  1. On the development of the new plan, we have made some significant progress. On May 4, 2020, we inaugurated a key Technical Working Group, the “Macroeconomic Framework and Growth Diagnostic” group to identify the policies and provide macroeconomic projections for the new Plans, while taking into consideration the performance of the outgoing plans and sector policy documents in the past periods. The Macroeconomic Framework is expected to provide guidance to the work of the remaining 25 Technical Working Groups as the information provided by the Macroeconomic Framework would have revealed the behaviour of the macroeconomic variables and human development indicators considered by the 25 TWGs in relation to the 46 sectors of the Nigeria National Accounts Statistics.

 

  1. The other 25 Technical Working Groups were inaugurated on June 11, 2020 and they commenced work immediately while the Central Working Group was inaugurated on the 7th of July, 2020. The following Technical Working Groups were inaugurated on the 11th of June, 2020:

a. Agriculture, Food Security and Rural Development;

b. Manufacturing and Industrialization;

c. Transportation;

d. Housing and Urban Development;

e. Cross Cutting Issues (Employment, Gender and  People with Special Needs);

f. Education and Manpower Development;

g. Health and Nutrition;

h. Environment, Social and Regional Development and Disaster Management;

i. Digital Economy, Bioeconomy, Science, Technology and Innovation;

j. Culture, Tourism, Creative Industry and Hospitality;

k. Defence, Peace and Security;

l. Governance, Institutions, Administration of Justice,  Anti-Corruption and National Orientation;

m. Business Environment, Trade and Competitiveness and Product Space Mapping;

n. Water Resources and Sanitation;

o. Infrastructure;

p. Power and Alternative Energy;

q. Oil and Gas;

r. Finance Sector and Capital Market;

s. Foreign Policy and International Relations;

t. Population and Identity Management;

u. Solid Minerals, Mining and Steel Development;

v. Implementation, Communication, Engagement, Financing, Monitoring and Evaluation;

w. Youths and Sport Development;

x. Women Affairs; and

y. Poverty Alleviation and Social Protection.

 

  1. At the inauguration, the TWGs were charged among others to review existing plans, policies, programmes and projects in their thematic areas; conduct SWOT Analysis of their thematic areas/sectors; review the assumptions, parameters and forecasts used in the previous sectoral plans and align them with the current realities; consult relevant Ministries, Departments and Agencies (MDAs) in their thematic areas for the relevant data; oversee public consultations where feasible and facilitate discussions to assess and review memoranda received from the public; provide accurate, evidence-based information, programmatic implications and make recommendations on key areas; review existing research reports and share findings/reports; consider the advantages and disadvantages of the approaches for policy topics being explored; and address any other critical issue(s) to facilitate the delivery of the task.

 

  1. I am happy to announce to you that the Macroeconomic Framework and Growth Diagnostic TWG, after three months and two weeks of tedious and rigorous work, has produced a Macroeconomic Framework report, which had been shared with the Central Working Group and presented to the remaining 25 TWGs on Wednesday, 19th August, 2020 to guide the ongoing work on their thematic areas. This Macroeconomic Framework report will be shared with you today and also the Presidential Economic Advisory Council (PEAC) after your endorsement.

 

  1. In formulating and coming up with the Macroeconomic Framework for the Medium Term National Development Plans 2021 – 2025 & 2026-2030, the Ministry, in conjunction with the members of the TWG agreed on the economic models to be adopted for the exercise. The Econometric Model and Input-Output Table were combined and used together for the analysis and projections for economic and development variables using the 46 sectors of the National Accounts with 7 blocks (including development block) while employing the tools of ISLM analysis. Development blocks followed World Bank and International Monetary Fund (IMF) RMSM-X+P and Sustainable Development Goals (SDGs) inspired models. Statistics are computed for 102 endogenous variables while the Ordinary Least Square (OLS) methods were used for estimation of the equations and identities.

 

  1. However, for the Perspective Plan, which is the Agenda 2050, the Computable General Equilibrium (CGE) and System Dynamics models were considered as best for it as the period under consideration is beyond the predictive ability of econometric and input-output models (short and medium term dynamics), that is considering the dynamic nature of economic variable and economic agents over a long period. To this end, and in view of the dynamic nature of the economy, the Dynamic Computable General Equilibrium (DCGE) and integrated Sustainable Development Goals (iSDGs) Simulation model, a system dynamic model developed for global use by the United Nations (UN) System for the Sustainable Development Goals (SDGs), were used. Work has reached an advanced stage on the finalisation of the long term models and it is hoped that it will be used for projections for macroeconomic and development blocks of the perspective plan - the Agenda 2050.

 

  1. I am equally happy to inform you that the other 25 TWGs and the Central Working Group have been working assiduously since they were inaugurated. The 25 TWGs, for instance, have produced a diagnostic analysis of the sectors covered in their thematic areas. In conducting the diagnostic analysis, the teams used the PESTLE and SWOT analysis tools to analyse the status of the sectors, including reviewing of existing policies and legislations; plans and strategies; strategic analysis of drivers; and assignment of roles and responsibilities matrix as well as conduct of baselines and assumptions assessments. The Macroeconomic Framework report was presented to the TWGs on Wednesday, 19th August, 2020. The 25 TWGs are expected to use the information provided by the Framework to finalise the diagnostic analysis and produce the draft chapters of the thematic areas covered by them in the days ahead.

 

  1. Most importantly, we are concerned with deepening participation of all stakeholders in the development of the new plans. We are indeed committed to producing truly Nigerian national development plans and not just Federal Government of Nigeria Plans. At the moment, we are in the process of engaging the grassroots through the states and the local government in the planning process which shall take place via town hall meetings where memoranda from town development associations and traditional rulers shall be received. All these efforts are to deepen engagement, participation and ownership.

 

  1. In addition, we are looking forward to developing an inclusive and participatory national Plan that is sufficiently comprehensive with the capacity to accelerate the attainment of various regional and global Agendas, including the AU Agenda 2063, ECOWAS integration Agenda and the Sustainable Development Goals 2030. In line with this thinking, the TWGs are already incorporating and applying the concept of Futurology in their work. We expect that the final document would not only postulate possible, probable and preferable futures for the citizens of Nigeria, but also come up with measures for creation of the future we desire. We also desire to play a sizeable role in the product complexity space internationally and thus work towards adopting measures to easing constraints that have hindered the economy from attaining its potential, particularly on the product mapping space.  

 

  1. The deadline given to the TWGs to submit their work on the MTNDP, 2021 – 2025 to CWG is 30th September, 2020, while CWG is to turn in its report at the end of October, 2020 with the launching of the Plan in December by Mr. President. This is to ensure that annual budgets, including that of year 2021 is derived from the medium term plans. To this end, in preparing the MTEF being used for the preparation of the 2021 Budget, which was approved by the National Assembly, the fundamentals of the Macroeconomic Framework for the Medium Term Plan 2021 – 2025 were brought into focus and incorporated so that the implementation of the Plan begins in effect from the 2021 Budget. Similarly, the macroeconomic indices used for the development of the Economic Sustainability Plan of N2.3 trillion stimulus package to hedge the economy from sliding into recession due to the impact of COVID-19 have been integrated into the Medium-Term National Development Plan.

 

  1. These steps were all taken in the beginning to ensure that, henceforth, annual budgets are derived from National Development Plans, thereby fostering plan discipline in successive years. We intend to deepen consultations with sub-national governments to ensure that plan discipline is entrenched in the system if we are to make the desired changes in the economy.

 

  1. In the Democracy Day speech of 2019, His Excellency, President Muhammadu Buhari, GCFR, announced the desire of Government to lift 100 million Nigerians out of poverty on to the path of prosperity in the next 10 years, implying an average of 10 million people annually. This remains one of the cardinal focuses of the MTNDP 2021 – 2025 & 2026 – 2030. The new Plans will also focus on creating jobs, deepening economic activities and providing enabling environment for thriving of private sector.

 

  1. Consultations are currently on-going with the TWGs and key MDAs and other managers of the key sectors of the economy. In the days ahead, we will continue to solicit input and memoranda from all stakeholders for purposes of incorporation into the Plan. We are currently planning webinar programmes as part of sensitization and engagement process on the new Plans.

 

  1. Finally, the second MTNDP (2026 – 2030) report is due in February 2021; while final report for the Nigeria Agenda 2050 is due in July 2021.

 

  1. It is therefore my pleasure on behalf of the Ministry to welcome you to this Inaugural Meeting of the steering Committee.

 

  1. I thank you all for your kind attention.

 

  1. Good morning!

HMS ADDRESS AT PRESS CONFERENCE

 

ADDRESS DELIVERED

 BY

 PRINCE CLEM IKANADE AGBA

HON. MINISTER OF STATE FOR BUDGET AND NATIONAL PLANNING OF THE FEDERAL REPUBLIC OF NIGERIA 

 AT

 THE PRESS CONFERENCE ON THE

MEDIUM-TERM NATIONAL DEVELOPMENT PLANS (MTNDPs) 2021 – 2025 & 2026 - 2030 AND PERSPECTIVE PLAN, NIGERIA AGENDA 2050

  ON

THURSDAY, SEPTEMBER 3, 2020

 

       Good afternoon members of the Fourth Estate of the Realm, Distinguished Ladies and Gentlemen,

  1. It is my pleasure to address you today on the steps we have taken so far towards the development of Medium Term National Development Plans (MTNDPs) 2021 – 2025 & 2026 – 2030 and the Perspective Plan, tagged “Nigeria Agenda 2050”. As you are aware, Government policies in the outgoing decade had been predicated on the Nigeria Vision (NV) 20:2020, which is being implemented through the Economic Recovery and Growth Plan (ERGP) 2017 – 2020. NV20:2020 was envisaged to place Nigeria among the top 20 economies in the world with a minimum GDP of US$900 billion and a per capita income of not less than US$4,000 per annum at the end of 2020 while ERGP came as a child of necessity to pull Nigeria out of recession with negative GDP growth rate of 1.5% in 2016 to the path of positive and sustainable economic growth.

 

  1. Clearly, the terminal date for the plans is December 31st, 2020. Although, Nigeria has yet to attain the 20th position in the World economy and the economy is not growing at double digit, it is however safe to state that implementation of ERGP pulled the economy out of recession unto the path of economic growth as the economy experienced eleven quarters of consecutive GDP growth since exiting recession. The GDP grew from 1.91% in 2018 to 2.27% in 2019 but declined to 1.87% in the first quarter of 2020 and -6.1% in the 2nd quarter due to the impact of COVID-19.

 

  1. We have four months to the end of the implementation of the two plans. His Excellency, President Muhammadu Buhari, GCFR, aware of the terminal dates and to avoid a vacuum, approved and directed the Federal Ministry of Finance, Budget and National Planning to prepare successor plans from which Government could derive its policies going forward. The new Plans – Medium Term National Development Plan 2021 – 2025 & 2026-2030 and Agenda 2050 are therefore successor plans to ERGP and NV20:2020 respectively. I am therefore very pleased to brief the Gentlemen of the Press today, Thursday, 3rd September, 2020 on how far we have gone in carrying out the Presidential directive regarding the preparation of the new National Development Plans.

 

  1. Ladies and Gentlemen, we want to develop an acceptable national development plan and this requires the involvement of critical stakeholders in the process. The process we have adopted is therefore participatory and inclusive. The arms of Government at all levels of Governments, Private Sector (formal and informal), Civil Society Organisations (CSOs), Non-Governmental Organisations (NGOs), Opinion Leaders, Public Commentators, Religious Organisations, Traditional Leaders and various Pressure Groups like Labour, Youths, etc are involved. Mindful of the diversity of the Country, His Excellency, President Muhammadu Buhari, GCFR approved the setting up of a governance structure to ensure well-coordinated approach to the eventual midwifing of the two Plans.

 

  1. Top on the ladder of the governance structure is the Steering Committee (SC), which is co-chaired by well-respected Nigerians representing the Organised Private Sector in the person of economist and investment banker, Mr. Atedo Peterside and the Honourable Minister of Finance, Budget and National Planning, Dr. (Mrs.) Zainab S. Ahmed for the Public Sector. Also in the Governance structure are the Central Working Group (CWG), headed by a former Deputy Governor of the Central Bank of Nigeria and currently Special Adviser to the President on Finance and Economy, Dr. (Mrs.) Sarah Alade and 26 Technical Working Groups (TWGs), comprising experts with diverse experiences on identified thematic areas for the plans.

 

  1. Ladies and Gentlemen, I am pleased to announce to you that we have made some significant progress. On May 4, 2020, to be precise, we inaugurated a key Technical Working Group, the “Macroeconomic Framework and Growth Diagnostic” group to identify the policies and provide macroeconomic projections for the new Plans, while taking into consideration the performance of the outgoing plans and sector policy documents in the past periods. The Macroeconomic Framework is expected to provide guidance to the work of the remaining 25 Technical Working Groups as the information provided by the Macroeconomic Framework would have revealed the behaviour of the macroeconomic variables and human development indicators considered by the 25 TWGs in relation to the 46 sectors of the Nigeria National Accounts Statistics.

 

  1. The other 25 Technical Working Groups were inaugurated on June 11, 2020 and they commenced work immediately while the Central Working Group was inaugurated on the 7th of July, 2020. The following Technical Working Groups were inaugurated on the 11th of June, 2020:

a. Agriculture, Food Security and Rural Development;

b. Manufacturing and Industrialization;

c. Transportation;

d. Housing and Urban Development;

e. Cross Cutting Issues (Employment, Gender and People with Special Needs);

f. Education and Manpower Development;

g. Health and Nutrition;

h. Environment, Social and Regional Development and Disaster Management                                                                                    

i. Digital Economy, Bioeconomy, Science, Technology and Innovation;

j. Culture, Tourism, Creative Industry and Hospitality;

k. Defence, Peace and Security;

l. Governance, Institutions, Administration of Justice, Anti-Corruption and National Orientation;

m. Business Environment, Trade Competitiveness and Product Space Mapping;

n. Water Resources and Sanitation;

o. Infrastructure;

p. Power and Alternative Energy;

q. Oil and Gas;

r. Finance Sector and Capital Market;

s. Foreign Policy and International Relations;

t. Population and Identity Management;

u. Solid Minerals, Mining and Steel Development;

v. Implementation, Communication, Engagement, Financing, Monitoring and Evaluation;

w. Youths and Sport Development;

x. Women Affairs; and

y. Poverty Alleviation and Social Protection 

  1. At the inauguration, the TWGs were charged among others to review existing plans, policies, programmes and projects in their thematic areas; conduct SWOT Analysis of their thematic areas/sectors; review the assumptions, parameters and forecasts used in the previous sectoral plans and align them with the current realities; consult relevant Ministries, Departments and Agencies (MDAs) in their thematic areas for the relevant data; oversee public consultations where feasible and facilitate discussions to assess and review memoranda received from the public; provide accurate, evidence-based information, programmatic implications and make recommendations on key areas; review existing research reports and share findings/reports; consider the advantages and disadvantages of the approaches for policy topics being explored; and address any other critical issue(s) to facilitate the delivery of the task.

 

  1. I am happy to announce to you gentlemen of the Press that the Macroeconomic Framework and Growth Diagnostic TWG, after three months and two weeks of tedious and rigorous work, has produced a Macroeconomic Framework report, which had been shared with the Central Working Group and presented to the remaining 25 TWGs on Wednesday, 19th August, 2020 to guide the ongoing work on their thematic areas. The Macroeconomic Framework report would also be shared with the Steering Committee and Presidential Economic Advisory Council (PEAC) by the Central Working Group in due course.

 

  1. In formulating and coming up with the Macroeconomic Framework for the Medium Term National Development Plans 2021 – 2025 & 2026-2030, the Ministry, in conjunction with the members of the TWG agreed on the economic models to be adopted for the exercise. The Econometric Model and Input-Output Table were combined and used together for the analysis and projections for economic and development variables using the 46 sectors of the National Accounts with 7 blocks (including development block) while employing the tools of ISLM analysis. Development blocks followed World Bank and International Monetary Fund (IMF) RMSM-X+P and Sustainable Development Goals (SDGs) inspired models. Statistics are computed for 102 endogenous variables while the Ordinary Least Square (OLS) methods were used for estimation of the equations and identities.

 

  1. However, for the Perspective Plan, which is the Agenda 2050, the Computable General Equilibrium (CGE) and System Dynamics models were considered as best for it as the period under consideration is beyond the predictive ability of econometric and input-output models (short and medium term dynamics), that is considering the dynamic nature of economic variable and economic agents over a long period. To this end, and in view of the dynamic nature of the economy, the Dynamic Computable General Equilibrium (DCGE) and integrated Sustainable Development Goals (iSDGs) Simulation model, a system dynamic model developed for global use by the United Nations (UN) System for the Sustainable Development Goals (SDGs), were used. Work has reached an advanced stage on the finalisation of the long term models and it is hoped that it will be used for projections for macroeconomic and development blocks of the perspective plan - the Agenda 2050.

 

  1. Distinguished members of the Fourth Estate of the Realm, I am equally happy to inform you that the other 25 TWGs and the Central Working Group have been working assiduously since they were inaugurated. The 25 TWGs, for instance, have produced a diagnostic analysis of the sectors covered in their thematic areas. In conducting the diagnostic analysis, the teams used the PESTLE and SWOT analysis tools to analyse the status of the sectors, including reviewing of existing policies and legislations; plans and strategies; strategic analysis of drivers; and assignment of roles and responsibilities matrix as well as conduct of baselines and assumptions assessments. The Macroeconomic Framework report was presented to the TWGs on Wednesday, 19th August, 2020. The 25 TWGs are expected to use the information provided by the Framework to finalise the diagnostic analysis and produce the draft chapters of the thematic areas covered by them in the days ahead.

 

  1. The Central Working Group (CWG) that was inaugurated on the 7th of July 2020 has continued to provide the required and necessary guidance and direction for the TWGs. Recently, the CWG reviewed the economy-wide activities, clustering the 25 TWGs into 5 major thematic sectors as follows:Governance, Security and International Relations

                    i. Governance, Security and International Relations

                    ii. High Growth Sector

                    iii. Macroeconomic Reconstruction and Stability

                    iv. Social Development and Transformation

                    v. National Development Plans Writing, Communications, Implementation, Monitoring and Continuity

  1. The Central Working Group has also divided its members in line with the identified clusters and in the up-coming days, would be working directly and in cooperation and collaboration with the TWGs to deepen the process and provide additional guidance to ensure that there is proper integration with the thematic areas, policy priorities of government as well as the policy thrusts, growth drivers and revenue drivers.

 

  1. Most importantly Gentlemen of the Press, we are concerned with deepening participation of all stakeholders in the development of the new plans. We are indeed committed to producing truly national development plans and not just Federal Government Plans. For this reason, six state Governors, one from each of the six geopolitical zones, representative of major political parties are involved at the Steering Committee level for the development of the Plans. In fact, we have recently co-opted the Secretariat of the Governors Forum into the Central Working Group and requested for nomination of two people from each state of the Federation and FCT. At the moment, we are in the process of engaging the grassroots through the states and the local government in the planning process which shall take place via town hall meetings where memoranda from town development associations and traditional rulers shall be received. All these efforts are to deepen engagement, participation and ownership.

 

  1. In addition, we are looking forward to developing an inclusive and participatory national Plan that is sufficiently comprehensive with the capacity to accelerate the attainment of various regional and global Agendas, including the AU Agenda 2063, ECOWAS integration Agenda and the Sustainable Development Goals 2030. In line with this thinking, the TWGs are already incorporating and applying the concept of Futurology in their work. We expect that the final document would not only postulate possible, probable and preferable futures for the citizens of Nigeria, but also come up with measures for creation of the future we desire. We also desire to play a sizeable role in the product complexity space internationally and thus work towards adopting measures to easing constraints that have hindered the economy from attaining its potential, particularly on the product mapping space.  

 

  1. Gentlemen of the Press, ladies and gentlemen, the deadline given to the TWGs to submit their work on the MTNDP, 2021 – 2025 to CWG is 30th September, 2020, while CWG is to turn in its report at the end of October, 2020 with the launching of the Plan in December by Mr. President. This is to ensure that annual budgets, including that of year 2021 is derived from the medium term plans. To this end, in preparing the MTEF being used for the preparation of the 2021 Budget, which was approved by the National Assembly, the fundamentals of the Macroeconomic Framework for the Medium Term Plan 2021 – 2025 were brought into focus and incorporated so that the implementation of the Plan begins in effect from the 2021 Budget. Similarly, the macroeconomic indices used for the development of the Economic Sustainability Plan of N2.3 trillion stimulus package to hedge the economy from sliding into deep and prolonged recession due to the impact of COVID-19 have been integrated into the Medium-Term National Development Plan.

 

  1. These steps were all taken in the beginning to ensure that, henceforth, annual budgets are derived from National Development Plans, thereby fostering plan discipline in successive years. We intend to deepen consultations with sub-national governments to ensure that plan discipline is entrenched in the system if we are to make the desired changes in the economy.

 

  1. In the Democracy Day speech of 2019, His Excellency, President Muhammadu Buhari, GCFR, announced the desire of Government to lift 100 million Nigerians out of poverty on to the path of prosperity in the next 10 years, literally implying an average of 10 million people annually. This remains one of the cardinal focuses of the MTNDP 2021 – 2025 & 2026 – 2030. The new Plans will also focus on creating jobs, deepening economic activities and providing enabling environment for thriving of private sector.

 

  1. Consultations are currently on-going with the TWGs and key MDAs and other managers of the key sectors of the economy. In the days ahead, we will continue to solicit input and memoranda from all stakeholders for purposes of incorporation into the Plan. We are currently planning webinar programmes as part of sensitization and engagement process on the new Plans. We therefore seek your cooperation in propagating the development of the Medium-Term National Development Plan 2021 -2025 & 2026-2030 and Perspective Plan, Nigeria Agenda 2050 - to Nigerians both at home and abroad as well as the International Community.

 

  1. Finally, the second MTNDP (2026 – 2030) report is due in February 2021; while final report for the Nigeria Agenda 2050 is due in July 2021

 

  1. I thank you all for your kind attention.

 

 

IDOWU INAUGURATES LOC FOR 23rd SUMMIT OF INTER-GOVERNMENTAL COMMITTEE OF EXPERTS AND SENIOR OFFICIALS

 

 

The Permanent Secretary, Budget and National Planning, Mrs. Olusola Idowu, has formally inaugurated the Local Organising Committee (LOC) for the hosting of the 23rd regular Inter-Governmental Committee of Experts (ICE) and Senior Officials meeting in Nigeria.

Idowu, while addressing the LOC said “The committee will be responsible for planning, organizing and executing all approved activities for the hosting of the ICE, co-opt any organization(s), person(s) relevant to the successful hosting of the event and carry out any assignment as may be required towards the success of the event”.

According to the Permanent Secretary, the ICE is a body established by the United Nations General Assembly for West Africa. 

She informed that the committee met annually to discuss Economic and Social issues and made recommendations based on the working documents prepared by the Sub-Regional Office for West Africa (ECA/SRO-WA). 

Idowu stated that the recommendations were subsequently considered by the Annual Conference of African Ministers of Finance, Planning and Economic Development.

She noted that the meeting was initially scheduled for May, 2020 but was postponed due to the COVID-19 pandemic.

In her words, “With several meetings held between officials of the UNECA and the Federal Ministry of Finance, Budget and National Planning, the new date for the ICE meeting will be November, 2020, depending on the COVID-19 situation” 

She charged the LOC to be committed and bring their wealth of experience to bear, towards a successful hosting of the conference while assuring them of the Ministry’s maximum support to enable the committee succeed in the onerous task.

Responding on behalf of the Committee, a Deputy Director in the Ministry, Dr. Sanjo Faniron, said the Committee would put in its best to ensure adequate preparation and a successful hosting of the meeting.

The last edition of the Inter-Governmental Committee of Experts and Senior Officials meeting was held in Robersfield, Republic of Liberia, in 2019.   

 

Victoria Agba-Attah

D (Information) BNP

14/08/2020.

 

 

TWGs ANCHORS CRITICAL IN THE DEVELOPMENT OF MTNDP, AGENDA 2050- AGBA

TWGs ANCHORS CRITICAL IN THE DEVELOPMENT OF MTNDP, AGENDA 2050- AGBA

      

The Minister of State, Budget and National Planning, Prince Clem Ikanade  Agba, has stated that the Technical Working Groups (TWGs) Anchors and Heads of Secretariat are critical to the development of the Medium and Long-Term National Development Plans, especially in liaising with other stakeholders such as coordinators and deputy coordinators drawn from state and non state actors.

The Minister stated this in Abuja, while declaring open a 3-day Capacity Building workshop organized for TWGs Anchors and Heads of Secretariat constituted for the development of the Medium Term National Development Plans (2021 - 2025 & 2026 - 2030) and Long-Term National Development Plans (Agenda 2050).

He noted that the history of development planning in Nigeria showed a general lack of coordination and harmonization of programmes/policies, which he stated had also not benefited from a bottom-up approach, which negatively affected implementation.

"As a responsible government desirous of changing the fortune of Nigerians and the future of generations yet unborn, the administration of President Muhammadu Buhari desires that we periodically draw comprehensive plans through which the welfare of citizens can be enhanced economically, socially and politically among others," he added.

Agba said that the new plans being articulated were expected to address development challenges in all aspects of the country’s national life within the agreed timeframe. 

According to him, "the planning process is also inclusive and participatory with the full involvement of the Sub-National governments (States and Local Governments), the Organized Private Sector, the major political parties, the National Assembly, youth and women organizations, the physically challenged, and other relevant stakeholders."

"This way, we would have a truly Nigerian National Development Plan and not a federal government plan," he explained.

​Agba further expressed satisfaction with the various topics selected for the workshop, which included the history and trajectory of development planning in Nigeria; development planning process, Institutional Arrangements for Effective Plan Implementation, Understanding the Macroeconomic Framework for the MTNDP 2021-2025, MTNDP 2026-2030 and National Agenda 2050, Institutional Arrangements for Effective Plan Implementation. 

The Minister commended Konrad Adenauer Stiftung (KAS) of Germany, co-organizers, its Nigerian Country Representative, Dr. Vladimir Kreck for their continuous support to the Ministry and especially in organizing and funding the programme. 

He recalled that just recently, KAS partnered the Ministry in organizing a similar capacity building programme for Special Advisers of the Ministers, stressing that the training was timely and impact-full as attested to by the participants.

Earlier, KAS Country Representative said the organization decided to support Nigeria in organizing the workshop given "the manifold social and economic problems COVID-19 had entailed."

"This seminar will empower the participants to contribute efficiently and successfully to the process of creating a substantial Medium-Term National Development Plan for Nigeria", he added.

 

Imaobong Udoh

For: Director (Information) BNP

26th August, 2020.

 

STATEMENT BY HMS ON CAMA 2020

 

The signing of the Companies and Allied Matters Amendment Act (CAMA) 2020 into law is a journey that began in May 2016 at the London Anti-Corruption Summit where President Buhari committed to tackling corruption head on by ‘taking steps to ensure transparency of the ownership and control of all companies involved in property purchase and public contracting’.

The new law expressly requires companies operating in Nigeria to disclose beneficial owners above a certain threshold and gives legal backing to the implementation of Nigeria's commitment to establish a public register of beneficial owners of corporate entities in its Open Government Partnership (OGP) 2019 - 2021 National Action Plan.

 While the signing of the law is a milestone, it is only the beginning of a long journey to building a technologically viable structure of tackling corruption. The fight against corruption will require building capacities in our institutions and processes, as well as collaboration between government, citizens, and bilateral partners to ensure that the needs of all stakeholders are captured and met.

 On our part, we will continue to provide policy and legal framework that will help Nigeria meet the commitments contained in our National Action Plan.

 Nigeria welcomes the support of the OGP Support Unit through the OGP Multi-Donor Trust Fund Grant of $500,000 to the Corporate Affairs Commission (CAC) for the development of an electronic register of beneficial owners.

 I want to renew the commitment of Nigeria's OGP Multi-Stakeholder Forum - National Steering Committee - to ensure full implementation of the register using this grant and I look forward to working with the CAC in the building of the register.

 Signed

Prince Clem Ikanade Agba

Minister of State, Budget and National Planning

 

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