Nigeria has received a total of N2.08 trillion ($13 billion) from international donor agencies under the Country Assistance Framework, CAF, as at the end of 2012, according to a report on CAF programme for the Federal Republic of Nigeria.
According to the report made available to E-BIZ247 the fund was invested in key sectors of the economy, ranging from agriculture, water and sanitation, governance, environment, infrastructure, human development among others.
The international donor agencies which constitute CAF are: World Bank, African Development Bank, International Monetary Fund, United States Agency for International Development,Canadian International Development Agency, Embassy of Japan.
Others are Embassy of China, European Union, High Commission of India, Japan International Cooperation Agency, United Nations System and Agence Francaise de Development.
A breakdown of the distribution of the funds shows that Agriculture received $1.33 billion, water sanitation — $1.795 billion, governance-$1.89 billion, infrastructure-$3.72 billion, human development -$3.131billion, multi-sector $15.74 million, private $553.15 million and environment -$540 million.
According to the report, the lack of official data at state level, with harmonized definitions and classifications comparable to those for the federal government is an issue which the country needs to tackle.
This further complicates the formulation of fiscal policy and the monitoring of its implementation at different levels of government.
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