By: Rakiya Garba Karaye, Maiduguri
President Muhammadu Buhari will on Friday, 23rd September 2022, 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 Integrated National Financing Framework (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.
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 billon over the next 10 years.