Minister of Budget and Economic Planning, Abubakar Bagudu, has revealed that the Programme-for-Results (PforR) instrument of the World Bank has enabled the National Assembly and state governments to approve funding and allocate more budgets to critical sectors of the economy.
Speaking in Abuja yesterday during a courtesy visit by a delegation from Senegal’s Ministry of Health and Social Action, Bagudu said the instrument has also demonstrated the value of government spending and strengthened delivery of social amenities to Nigerians.
“The Programme-for-Results instrument has enabled the National Assembly and the States to approve funding and allocate more budgets to critical sectors of the economy. It has equally shown the value of spending,” Bagudu said.
The Minister added that another significant advantage of the PforR initiative is that it has fostered collaboration across ministries, which has helped the government achieve the objectives of different result areas.
“Another benefit of this instrument is the enhanced cooperation between ministries, which has ensured that the objectives of the result areas are achieved and that services are delivered more effectively,” he stated.
