National Planning Commission minister, Shamsuddin Usman has announced that Nigeria has succeeded Republic of Finland to assume the management of the Leading Group on Innovative Financing for Development during the just ended 11th Plenary of the 65 – member international body in Helsinki, Finland last week.
With this development, Nigeria is now the central country for initiation of innovative financing for development as part of the broad global development financing framework for the attainment of internationally agreed goals on poverty reduction and protection of public good.
The Minister, who led the Nigerian delegation to the meeting in Helsinki, stated that as the President, Nigeria will guide the affairs of the Group until December 2013 when the country will host the 12th Plenary in Abuja. Usman stated that the Nigeria – led organization would focus on a broad range of issues including proper prioritisation of development financing, deploying innovative resources to address food security and nutrition, strengthening measures against illicit capital flight and tax avoidance, refocusing the Leading Group to strongly influence the post-2015 millennium development activities of the United Nations
The Minister further said that as the president of the Leading Group Nigeria would become the spokesperson of the body as well as the leader in the promotion of innovative financing for development within the United Nations.
“The country is also required to design a work programme for the next semester and to ensure successful organisation of the 12th plenary session, which it will host at the end of 2013.”