United Nations Development Programme International Consultants - Development Finance Assessment Jobs in Nigeria

United Nations Development Programme International Consultants - Development Finance Assessment Jobs in Nigeria


United Nations Development Programme (UNDP), helps developing countries attract and use aid effectively. In all our activities, we encourage the protection of human rights, capacity development and the empowerment of women.

We are recruiting to fill the position below:

Job Title: International Consultant to Conduct the Development Finance Assessment

Location: Abuja, Nigeria

Additional Category: Sustainable Development and Poverty Reduction

Type of Contract: Individual Contract

Post Level: National Consultant

Starting Date: (date when the selected candidate is expected to start) 16-Mar-2020

Duration of Initial Contract: Forty (40) Days

Expected Duration of Assignment: Forty (40) Days

Background

Nigeria has made a commitment to implement the Sustainable Development Goals (SDGs). In this regard, it has undertaken several initiatives including efforts to integrating SDGs into national planning, developing baseline indicators, and domesticating the iSDG model as a tool for policy analysis.

Just like in other countries financing implementation of policies and programmes to achieve SDGs has been a challenge in Nigeria. Lack of an integrated approach to financing SDGs has been a key challenge.

Estimates using the iSDG model indicates a public finance gap of $100 billion in the next ten years to achieve SDGs.
While the government has made significant strides in strengthening public financial systems, including through tax reforms, the current state of public finance could make it a challenge.

A high debt level means a significant share of revenue (exceeding 50%) is spend on debt service payments, while being too dependent on oil revenue at a time of fluctuating oil prices in international markets.

Meanwhile, private sector is yet to fully exploit opportunities from investments relating to SDGs due to a combination of factors including rigid business environment, lack of institutional back-up and coordination issues, among others.

Mobilizing the scale of public and private financial resources required to achieve SDGs faces significant challenges ranging from managing complex financing instruments to designing and implementing policies and effective coordination of diverse stakeholders for a common goal.

The proposed technical assistance to undertake a Development Finance Assessment will build upon what already exists towards ensuring a more functional development financing system in Nigeria which will enable identification of opportunities to mobilize additional resources required to finance SDGs.

As the first step to roll-out the Integrated National Financing Frameworks (INFF) process in Nigeria, it is proposed to roll-out a Development Finance Assessment (DFA) process to provide the up to date overview of the current financing landscape in Nigeria (from public and private, but also domestic and international financing flows), which will also identify opportunities to mobilize additional sources of finance and use existing financial resources more efficiently towards the SDG achievement.

In this regard, a partnership has already been established between UNDP and Delegation of the EU to Nigeria.
The DFA is the tool to support governments to use the concept of the INFF to help strengthen policies and actions for mobilizing different types of finance for economic, environmental and social results into a single, coherent framework.

The DFA methodology was developed in collaboration with key stakeholders including the Delegation of the EU to Nigeria in response to demands from countries for support for policy and institutional reforms that help governments to more effectively manage financing policy for sustainable development results.

It assesses the framework that government uses to manage policy toward all resources, building on the call in the Addis Ababa Action Agenda for integrated national financing frameworks to be at the heart of our efforts to realize cohesive nationally owned sustainable development strategies.

An integrated national financing framework is the system of policies and institutional structures that government uses to mobilize the investments necessary to achieve the national sustainable development strategy.

The DFA offers support for governments and their partners in identifying and building consensus around solutions to address financing challenges. It makes finance issues accessible to policy and decision makers beyond the technical specialists in ministries of finance.

It follows a process of multi-stakeholder consultation informed by accessible analysis on finance policy issues and what they mean for a
wide range of actors and builds an agreed roadmap that can support progress across a range of areas, including:

  • Mainstreaming the national development plans with the SDGs. The preparation of the new national development plan is underway, and this would provide a perfect time for the government to ensure that the SDGs is mainstreamed into the national development plan to achieve SDGs.
  • Strengthening the link between planning and finance policy functions, for example by: strengthening the governance mechanisms that align policies and annual budgets to the national development plan; estimating the cost of national development plans; and developing holistic strategies for mobilizing the public and private resources that will be needed to realize the objectives of a national plan.
  • Strengthening multi-stakeholder dialogue on financing, for example by: supporting multi-stakeholder SDG financing platforms in Nigeria to identify financing opportunities and leveraging them; incorporating public and private finance into regular progress reporting on SDGs; and enhancing multi-stakeholder participation in finance policy processes.
  • Solutions and reforms for mobilizing resources, for example by: strengthening policy and capacity to attract sustainable, inclusive private investment; and accessing untapped sources of international finance.
  • Effectively managing finance for results, for example by: achieving better development outcomes with public finance, developing outcome-based incentives for private investment; broadening the mandate of revenue authorities; more effectively targeting vulnerable or excluded populations; strengthening parliamentary scrutiny over finance; and enhancing data collection systems.
  • The DFA is structured as a government-led process, with an oversight team led by the Ministry of Finance, Budget and National Planning to guide the DFA process. The DFA builds consensus for reform in the areas above under the leadership of the oversight team and through consultations that engender participation in, and ownership of, reforms from a wide spectrum of actors at the national level. It aims to demystify technical debate on public and private finance and brings together decision makers from across government, the private sector, International Financial Institutions (IFIs), NGOs, development partners and other actors.
  • By engaging this wide group of actors and making financing dialogue more accessible, the DFA aims both to build a broader base of support for reform agendas and to identify innovative solutions to the challenges of financing the SDGs.
  • The Development Finance Team of Experts will lead efforts to assist the government to undertake the Development Finance Assessment and be responsible for related analysis, capacity development of key ministry and policy makers on policy recommendations that emerge from the accompanying Integrated National Financing Framework roadmap.

    Duties and Responsibilities

  • The objective of this technical assistance (TA) is to deliver a Development Finance Assessment Report that would lead the way - through a proposed roadmap - for the establishment of an Integrated National Financing Framework at national level.
  • The Team of Experts will comprise a Team Leader (International) and two additional experts, one of which focusing on issues of public finance and the other on broader private finance (investment). The Team Leader of the Nigeria DFA will have overall responsibility for ensuring that the DFA process and DFA report reflects the 2019 DFA Guidebook. The team will have responsibility for delivering specific aspects of the Nigeria DFA, as outlined below, and under the overall guidance of the Team Leader.
  • Under the supervision of UNDP RR, the Senior Economic Advisor, the Africa Finance Sector Hub, Delegation of the EU to Nigeria, in close partnership with the oversight team led by the key ministry (Ministry of Finance, Budget and National Planning), the team of experts will support the Development Finance Assessment process, analysis and follow-up actions for financing solutions for Nigeria.
  • Map the financing landscape covering all types of finance.
  • Assess government’s existing financing strategies, policies and institutional structures to establish a baseline for the building blocks of an INFF building on the existing i-SDG modeling tool and the current government structures at national, but also state level, for the SDG implementation.

    Application Closing Date

    19th February, 2020.

    How to Apply

    Interested and qualified candidates should:
    Click here for more information and to apply online

    United Nations Development Programme International Consultants - Development Finance Assessment Jobs in Nigeria

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