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National Consultant to Conduct the Development Finance Assessment
|Location :||Abuja, NIGERIA|
|Application Deadline :||19-Feb-20 (Midnight New York, USA)|
|Additional Category :||Sustainable Development and Poverty Reduction|
|Type of Contract :||Individual Contract|
|Post Level :||National Consultant|
|Languages Required :||English|
|Starting Date :|
(date when the selected candidate is expected to start)
|Duration of Initial Contract :||Forty (40) Days|
|Expected Duration of Assignment :||Forty (40) Days|
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:
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.
A DFA helps Nigerian government to understand and adapt its policies, institutions and strategies for the financing challenges they will face in realizing results across the economic, environmental and social dimensions of the 2030 Agenda. It supports government to establish and strengthen an integrated national financing framework. The analysis for the DFA is guided by an analytical framework composed of five dimensions based on the following logic:
The DFA analyses these dimensions, considering key aspects of each and using them to build a picture about a government’s approach towards integrated financing for sustainable development. It highlights the strengths of current systems and identifies opportunities to further enhance the ability for government and its partners to finance sustainable development. These form the basis of the DFA roadmap. Further details can be found in the DFA guidebook.
The team of experts will drive the process under the guidance of the Nigeria oversight team, Nigeria UNDP country office, Delegation of the EU to Nigeria and Africa Finance Sector Hub advisor, including but not limited to the following activities throughout the various phases of the DFA process:
Please see the DFA process module in the DFA guidebook for further details on the DFA process.
Expected Outputs/Deliverables for the Team of Experts
Review and Approvals will be Required by the Economic advisor
The Team of consultants will work under the close guidance of the UNDP Country Office (CO), Delegation of the EU to Nigeria and the Africa Finance Sector Hub throughout the assignment period.
Duration of the Work
The expected duration of this assignment is 40 working days starting from 16th March 2020 and planned to be completed by 11th May 2020. The timeframe and expected deliverables are shown in the table under section D above.
The selected team of consultant will be home based with an anticipated two missions to Nigeria.
Qualifications of the Successful Team of Experts
The team will include a team leader and two experts who collectively demonstrate expertise as required for the DFA including:
Required Skills and Experience
The required skills and experience for consultants are:
UNDP is committed to achieving workforce diversity in terms of gender, nationality and culture. Individuals from minority groups, indigenous groups and persons with disabilities are equally encouraged to apply. All applications will be treated with the strictest confidence.
UNDP does not tolerate sexual exploitation and abuse, any kind of harassment, including sexual harassment, and discrimination. All selected candidates will, therefore, undergo rigorous reference and background checks.