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    Naija247news is an investigative news platform that tracks news on Nigerian Economy, Business, Politics, Financial and Africa and Global Economy.

    By Chijioke Okoronkwo
    Abuja, March 18, 2021 The National Economic Council (NEC), chaired by Vice President Yemi Osinbajo, has backed a memorandum for consideration and endorsement of the National Monitoring and Evaluation (M & E) Policy.

    Gov. Abdullahi Sule of Nasarawa State, told State House correspondents that the memorandum was presented by Minister of Finance, Budget and National Planning, Hajia Zainab Ahmed, on Thursday to the virtual NEC anchored from the Presidential Villa, Abuja.

    Sule said that the national M& E policy would serves as a source of credible information to guide government’s decisions, planning, resource allocation and expenditure.

    He said it would also strengthen accountability and feedback by the government to Nigerians and provide effective guide for the MDAs in their M& E functions.

    “The policy will also enhance coordination and of monitoring and evaluation processes within the Nigerian public sector for standardisation in practice of M& E.’’
    Sule said some benefits of the policy include “reducing waste and leakages in the public sector and improving the quality of public spending.

    “(It will also) providing independent objective assessment of the merit of public policy strategies, programme as well as projects and providing a source of reliable meaningful information for the citizens in order to assess government policy.’’

    He said that the national M& E National monitoring and Evaluation Policy Document was developed in consultation with the states and other relevant stakeholders as mandated by the stakeholders’ workshop in Abuja.

    According to him, the policy is subject to review every five years to update and validate our projections.

    “We also noted that the policy recommends that policies by our key programmes and projects must be evaluated and summary of evaluation shall be presented to the Federal Executive Council (FEC) and the State Executive Council (SEC) at the state levels.

    “ We also noted that there will be need to establish a National Council on Evaluation under the chairmanship of the minister of finance who is responsible for the M& E.

    “The state governments are expected to domesticate the National Monitoring and Evaluation Policy for effective performance tracking as well as continuous monitoring.

    “So, this was part of the discussion we had and we believe that it is going to assist both the federal and regional governments in reducing wastages and then closing most of the leakages we have,’’ he said.

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