• Privacy Policy
  • Terms
  • About us
  • Contact Us
  • Staff Email
Thursday, June 26, 2025
  • Login
TheMattersPress
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us
No Result
View All Result
TheMattersPress
No Result
View All Result
Home Economy/Technology

Stakeholders commit to strengthen financial management of IFAD’s projects

IFAD

The Matters Press by The Matters Press
August 18, 2023
Reading Time: 2 mins read
0
IFAD invests US$459m in Nigeria to reduce poverty

Abuja, Aug. 18, 2023: Stakeholders in agriculture and financial institutions, have pledged commitment to strengthen financial management of the International Fund for Agricultural Development (IFAD) projects in West and Central Africa (WCA).

RELATED POSTS

N1.5trn recapitalisation of Agric bank will herald food security – TMV

ECOWAS, Sahel states in deal to confront terrorism

Tinubu’s decision to press ahead with ongoing reforms, commendable-TMSG

They made the pledge in a communiqué issued on Friday in Abuja at the end of a three-day Regional Training Workshop on Financial Management for IFAD-funded projects.

The participants included Coordinators, Finance Managers, Accountants, Internal and external Auditors from Supreme Audit Institutions, as well as ministries experts drawn from Gambia, Ghana, Liberia, Nigeria and Sierra Leone.

The 130 participants at the workshop were drawn from five Anglophone countries from WCA.

They pledged their commitment to implement the financial management best practices, and tools shared during the workshop to enhance project efficiency, reporting and value for money.

The communiqué noted that the training was to support the effective implementation of major financial management, and fiduciary reforms for the projects.

“These reforms aim to enhance the efficiency and effectiveness of projects for greater impact on the livelihood of small-scale farmers, women, young people and other vulnerable groups living in rural areas.

“The primary aim of the training workshop was to strengthen the capacity of stakeholders with a view to improving the quality of financial management of IFAD-financed projects and programmes,’’it said.

Mr Radu Damianov, IFAD WCA Senior Regional Financial Management Department (FMD) Officer appreciated the active participation of all stakeholders, describing it as critical for achieving the workshop objectives.

Daminanov said that the FMD in partnership with the Regional and Country offices would provide continuous technical advice to participants to accelerate the implementation of the financial reforms.

Dr Ernest Umakhihe, Permanent Secretary, Federal Ministry of Agriculture and Rural Development lauded IFAD for the workshop.

He said that it would contribute to scaling up the impact of projects funded by IFAD, and government on agriculture and food system transformation.

Umakhihe was represented by Mr Bukar Musa, Director Projects Coordinating Unit.

He urged all participants to continue to collaborate and network within and across West and Central Africa countries, for continued exchange of knowledge and best practices.

“I solicit the support of IFAD to pursue this south-south cooperation in financial management,’’ he said.

The highpoint of the event was the presentation of certificates to the 130 participants.

Tags: IFAD
ShareTweetPin
The Matters Press

The Matters Press

Related Posts

ActionAid, SWOFON call for urgent completion of BOA recapitalisation
Agriculture

N1.5trn recapitalisation of Agric bank will herald food security – TMV

June 26, 2025
ECOWAS, Sahel states in deal to  confront terrorism
Foreign

ECOWAS, Sahel states in deal to confront terrorism

June 20, 2025
Tinubu denies manipulating NASS
Economy/Technology

Tinubu’s decision to press ahead with ongoing reforms, commendable-TMSG

June 20, 2025
Buhari urges Nigerians to maintain peace as he promises free, fair polls
Economy/Technology

TDF extols Buhari for supporting Tinubu’s reforms

June 19, 2025
Nigerians to own brand new vehicles, goods through new credit scheme initiative
News

Tinubu’s mid-term scorecard, a glimpse of coming dividends – TMSG

June 19, 2025
Commission plans to liberate 38% illiterate Nigerians
Economy/Technology

Nigeria’s talent export initistive a game changer

June 15, 2025
Next Post
Maritime sector critical to economic growth — Shippers

AMES, MAN collaborate on maritime manpower development

Nigerian firms to handle $4b gas project

Female engineers seek Tinubu’s approval to fix moribund refineries

Recommended Stories

Trading in Nigerian stock market dips further N83bn

Equity market rebounds with N9bn gain

December 19, 2023

Global economic slowing down; U.S remains strong – IMF

October 11, 2023
SON sure to certify 75% products in Enugu, Ebonyi states by 2023

SON tasks staff on ethics, efficient service delivery

October 5, 2022

Popular Stories

  • Rising prices of goods cause protests in Morocco

    Rising prices of goods cause protests in Morocco

    0 shares
    Share 0 Tweet 0
  • NLNG not responsible for gas supply shortfall, price hike

    0 shares
    Share 0 Tweet 0
  • NCC sets fresh operational fees, spectrum prices for telecom operators

    0 shares
    Share 0 Tweet 0
  • Hoarding causes hike in prices of grains

    0 shares
    Share 0 Tweet 0
  • Prices of Petrol, diesel increase in November

    0 shares
    Share 0 Tweet 0
TheMattersPress

We bring you the best news update in Nigeria

LEARN MORE »

Recent Posts

  • N1.5trn recapitalisation of Agric bank will herald food security – TMV
  • Lamido Wrong on Tinubu’s June 12 Role, haunted by his anti-democratic past- TDF
  • Tinubu’s Visit to Benue, Mark of True Leadership, Renewed Hope

Categories

  • Agriculture
  • Economy/Technology
  • Energy
  • Entertainment/sports
  • Features
  • Foreign
  • Multimedia
  • Natural Resources
  • News
  • Oil and Gas
  • Photo
  • Politics
  • Security
  • Thematterspress
  • Uncategorized
  • Video

© 2025 Domo Tech World - Powered by Thematterspress.

No Result
View All Result
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us

© 2025 Domo Tech World - Powered by Thematterspress.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Call Us