The Federal Executive Council has approved a new policy for the institutionalization of the practice of monitoring and evaluation in Nigeria.
The program is to be known as the National Monitoring and Evaluation Policy.
Minister of Finance, Budget and National Planning, Zainab Ahmed revealed this while briefing State House Correspondents at the end of this week’s cabinet meeting chaired by President Muhammadu Buhari.
“Today, the Federal Ministry of Finance, Budget and National Planning presented a policy memo to Council and the memo is on the National Monitoring and Evaluation policy for the country.”
Ahmed said the policy would go a long way to help improve the well-being of citizens and the socio-economic development of the country.
“The policy defines a framework for the institutionalization of the practice of monitoring and evaluation (M&E) to promote good governance, learning and accountability for results that will contribute to improve the socio-economic development of the country and enhance the wellbeing of citizens.
“The policy clarifies how M&E should be conducted in the country; specify the position, institutional and financial arrangements and the modalities for feedback, especially from citizens so that decision-makers can make effective use of evidence by government and stakeholders to inform policy strategies and investment,” she said.
The Finance Minister added that the approved policy was developed in close collaboration with the States of the Federation, development partners, academia and several experts as well as associations of monitoring and evaluation in Nigeria.
She also confirmed reports that Nigeria recently assisted the Niger Republic with vehicles worth over a billion naira for security purposes.
“Over time, Nigeria has had to support its immediate neighbours to enhance their capacity to secure their countries as it relates to us. This is not the first time that Nigeria is supporting Niger, Cameroun or Chad.
“The President makes an assessment as to what is required based on the request of their Presidents, as such, the requests are approved and the interventions are provided, to enhance their capacity to protect their own territory as it relates to security also in Nigeria,” the Minister explained.