ECOWAS unveils platform to strengthen regional development
The Economic Community of West African States has launched an automated community development programme platform in Nigeria to strengthen regional development and investment peogramming.
ECOWAS in a statement on Wednesday in Abuja said its vice president, Anthony Ogunjimi, launched the platform, adding that its operationalisaton commenced with the population of the platform by the regional body’s institutions and technical entities.
The statement read, “The Platform was officially launched by His Excellency Anthony O. OGUNJIMI, Vice President of the ECOWAS Commission, in the presence of representatives from ECOWAS Directorates, Institutions and Specialized Agencies. The event promoted a harmonized and integrated approach to regional development investment programming.
“The platform will facilitate the collection, consolidation and analysis of regional development projects, providing a centralized database to support strategic prioritisation, investment planning and resource mobilisation. It will enable ECOWAS to translate regional priorities into investment-ready projects.
“Its operationalization has commenced with the population of the platform by ECOWAS institutions and technical entities. Subsequent phases will strengthen monitoring and evaluation functionalities, facilitate the establishment of a consolidated pipeline of investment-ready regional development projects, and support the assessment of financing needs.”
The regional bloc said the initiative was a significant step towards translating ECOWAS Vision 2050, the Community Strategic Framework and Management Strategic Priorities into concrete regional development investments.
ECOWAS reaffirmed its commitment to enhanced institutional coordination, evidence-based regional investment programming, effective resource mobilisation and accelerated regional integration for the benefit of citizens in the region.
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