Planning commission holds summit on finance development
Nigeria is set to host the 12th plenary session of the 63 member countries on innovative financing for development in Abuja.
Nigeria, through the National Planning Commission (NPC), was elected presidency of the Leading Group at the end of the 11th plenary held in Helsinki, Finland Republic on 6th February, 2013.
The 12th plenary which will be held on February 17th is in line with the tradition of the group, that the holder of the Presidency should host the plenary to signify the end of its tenure which ends in December, 2013.
In a statement from the commission, the Supervising Minister, NPC Bashir Yuguda stated that the Leading Group, was founded in 2006 as a platform with 63 member countries at differing levels of development, alongside international organisations and NGOs, which seeks to promote the implementation and definition of innovative financing mechanisms around the world.
“The aim of the group is to raise funds to fill the widening gap between the financial mobilisation towards the achievement of the MDGs and the actual resources available through the traditional funding sources,” he stated.