16 October 2018

Nigeria Demands Elimination of Safe Havens for Stolen Asset

Nigeria has called for the elimination of safe havens for stolen assets and illicit financial flows to free up resources for sustainable development, Permanent Representative to the UN, Tijjani Bande, said

Mr Bande made this known at an 'Interactive Dialogue for Sustainable Development' at the Economic and Financial Committee of the UN General Assembly in New York.

He called for unconditional return of such assets and funds to their countries of origin.

The Nigerian envoy said: "In this regard, it is important that safe havens that create incentives for the transfer of stolen assets and illicit financial flows abroad are eliminated.

"The return of such assets and funds will certainly aid our ongoing sustainable development efforts."

He said Nigeria believed that sustainable development required the galvanisation of urgent common efforts, a reinvigorated global partnership, and an enabling environment at all levels.

He called for the creation of appropriate global partnership for development, balanced against the increased emphasis on domestic resource mobilisation.

Mr Bande noted the concerns expressed in the report of the UN Secretary-General, Antonio Guterres, particularly in relation to the slow pace of Sustainable Development Goals (SDGs) progress in Sub-Saharan Africa.

According to him, Nigeria is fully committed to translating the SDGs into reality, in a balanced and integrated manner.

He added that "As a show of commitment, the Government of Nigeria has developed a comprehensive multi-layer and multi-cluster national accountability institutional framework for enhanced coordination of SDGs mainstreaming in the country.

"An Inter-Ministerial Committee on the SDGs has also been established and the operational guideline for coordinated engagement of Government intervention programmes has been adopted, at both the national and sub-national levels.

"The Office of the Senior Special Assistant to the President on SDGs has been empowered to ensure horizontal and vertical coherence of SDGs development policies, plans and strategies in the country.

"To fully harness Nigeria's rich human and material resources and to more effectively engage other stakeholders, a Private Sector Advisory Group and a Donors' Forum on the SDGs have recently been inaugurated."

To enhance the legislative oversight on the SDGs implementation processes, he said, two committees on SDGs had been established in both the Nigerian Senate and House of Representatives.

The ambassador explained that Nigeria's Economic Recovery and Growth Plan aligned, to a large extent, with SDGs targets.

To ensure proper monitoring and evaluation of SDGs implementation in Nigeria, an SDG data mapping exercise was recently concluded and a data supply responsibility framework, agreed upon, he said.

He said Nigeria was currently upscaling Conditional Grants Scheme, to become one of the best practices in counterpart contributory mechanism that incentivises sub-national governments to accelerate progress in SDGs core targets.

"In line with the Sendai Framework for disaster risk reduction and the workings of the United Nations International Disaster Reduction, Nigeria has established the National Emergency Management Agency as the focal point for all disaster management efforts of the Government.

"As a practical and pro-active approach to disaster reduction, Nigeria has also established the National Centre for Flood Early Warning Systems.

"The devastating impacts of climate change are increasing, posing fundamental threat for the existence of humanity. Nigeria has since taken steps in integrating and implementing the Paris Agreement.

"We urge States Parties to ensure compliance to the Paris Agreement on the basis of common but differentiated responsibilities," the Nigerian envoy said.

(NAN)

Nigeria

World Bank - Nigeria, Others to Face Challenges If Inflation Rises

Further upward acceleration of global inflation from record low levels may impair efforts in emerging and developing… Read more »

See What Everyone is Watching

Copyright © 2018 Premium Times. All rights reserved. Distributed by AllAfrica Global Media (allAfrica.com). To contact the copyright holder directly for corrections — or for permission to republish or make other authorized use of this material, click here.