USAID/Nigeria: Economic Growth

Functional Objectives

Activity Name: Restructured Economic Framework for Openness , Reform and Macroeconomic Stability (REFORMS)
Activity Start Date: July 15, 2005
Activity Completion Date: July 15, 2009
Budget: $9,271, 033
Implementing Partners: Development Alternatives Inc.
 

Problem:

The activity is designed to support Nigeria 's economic reform agenda as laid out in the National Economic Empowerment and Development Strategy (NEEDS). The REFORMS program aims to improve the policy environment and address major impediments to economic growth in Nigeria . Program components include: 1) budgetary process and procurement oversight; 2) capacity building for Government of Nigeria (GON) institutions and civil society organizations (CSOs) involved in the policy process; and, 3) implementation of policy reforms in key sectors. The project will also seek to empower the private sector to become more commercially-oriented and competitive, and to foster broader participation and transparency in the public sector.

Approach:


REFORMS is employing a mix of technical assistance, training, and institutional capacity building to address core issues in fiscal planning and the budget process, poverty reduction, the business environment, policy reform advocacy, financial sector development and other policy areas that may be identified.

The project is also collaborating with civil society and private sector partners such as the Nigeria Economic Summit Group, Manufacturers Associations, Chambers of Commerce and the African Institute for Applied Economics to foster broader participation in public policy.

 

Anticipated Results:


REFORMS program will result in:
• Improved the formulation and implementation of selected policies in key sectors.
• Improved Public Expenditure Management
• Strengthened Institutional Capacity of GON, Civil society organizations and professional associations

 

Last Updated on: March 05, 2009