Nigeria and Ethiopia Launch INFF for Development Financing

Nigeria and Ethiopia are focusing on the Integrated National Financing Framework (INFF) to address development financing challenges in Africa. Professor Taiwo Oyedele, the Minister of Finance, stated that Africa's future depends not solely on resource volume but on effective mobilization and alignment of resources to support national priorities.

The INFF aims to rethink financing strategies to achieve sustainable growth and meet the aspirations of the people. Princess Adejok Orelop Adefulir, Senior Special Assistant to the President on Sustainable Development Goals, emphasized the importance of sub-national governments in delivering essential public services and highlighted the need to strengthen fiscal capacity at the state level.

Ms. Elsi Attafuah from UNDP Nigeria reinforced that development financing should not rely solely on national lending but require a coordinated approach to enhance domestic resource mobilization and improve public financial management.