Nigeria has become the latest partner country to join the International Aid Transparency Initiative (IATI). In joining IATI, Nigeria takes its place among the 25 partner countries that are leading the creation of a global standard for presenting data on development cooperation financing.
Dr. Abubakar Olanrewaju Sulaiman, Minister and Deputy Chairman of the National Planning Commission, said, “We are delighted to join the International Aid Transparency Initiative as part of steps towards achieving the Transformation Agenda of the present administration. We look forward to working together with other partners to bring greater transparency to development cooperation.”
IATI is a multi-stakeholder initiative that seeks to increase the transparency of development cooperation to maximize impact on poverty. IATI has developed an open data standard – the IATI Standard – which enables a wide range of organisations to publish information on their development cooperation in a common, open, electronic format. To date, over 300 organisations have published to IATI.
Once published to the IATI Standard, development funding data can be used in various formats and combined with other information for multiple purposes. Governments can use the timely, comprehensive data to generate budgets and national plans, and citizens can track and monitor use of development resources against reported allocations.
Nigeria is the 11th African country to become a member of IATI. It joins Ghana, which holds responsibility for IATI partner country outreach, as well as regional neighbours Burkina Faso, Democratic Republic of the Congo, Liberia, Madagascar, Malawi, Republic of Congo, Rwanda, Sierra Leone and Tanzania.
As a member, Nigeria will have the opportunity to contribute to the governance of IATI as part of its Steering Committee, and to learn from the experience of other members in managing data related to development cooperation financing.