Request for services of a local consultancy firm on Public Finance

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Introduction

Resource mobilization within Africa's public sector is often impeded by duplication of efforts and the inefficient use of resources. These issues stem primarily from coordination challenges among institutions, alongside inefficiencies in national budgeting processes. When roles overlap, or resource planning is misaligned, decision-making becomes fragmented, leading to suboptimal use of funds. This results in unnecessary expenditure, resource leakage, and a failure to maximize the potential of domestic resources, ultimately increasing dependence on external borrowing. Addressing this challenge requires extensive examination of resource planning and utilization across public institutions. Such an analysis should evaluate the effectiveness of current financial management systems, identify inefficiencies, and quantify potential savings that could be reallocated toward development programs. Improving public financial management efficiency is key to optimizing resource allocation, minimizing waste, and strengthening the capacity to finance critical development initiatives. In recent years, Nigeria has undertaken several strategic initiatives to integrate more robust planning and coordination mechanisms. The country has integrated the Sustainable Development Goals (SDGs) into national and sub-national planning frameworks. To enhance financing for the SDGs, Nigeria has also operationalized the Integrated National Financing Framework (INFF), which provides a coordinated approach to leveraging public and private resources for sustainable development. The Government has also implemented significant public financial reforms to create a more resilient fiscal environment. These include tax reforms to expand the revenue base, the removal of fuel subsidies to alleviate fiscal pressures, and exchange rate reforms to improve the efficiency of foreign exchange markets and stabilize the economy. These measures are part of broader efforts to ensure long-term financial sustainability and support the country’s development goals. As part of efforts to enhance public financial management in Nigeria, the United Nations Development Programme (UNDP), in partnership with the Office of the Special Assistant to the President on the SDGs (OSSAP-SDGs), seeks the services of a reputable national thinktank to undertake an assessment under the European Union (EU)-funded Integrated National Financing Framework (INFF). The assessment seeks to articulate the necessary multi-institutional

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UNDP OFFICE NIGERIA
PROCUREMENT UNIT

Documents :

Negotiation Document(s) (Before Accessing other negotiations Document(s), please click on this link)