Senate passes bill on foreign aid management for second reading

The bill also provides for mandatory registration and a national database for all foreign aid, integration of donor-funded projects into national development plans and budgets, public disclosure of funding agreements, project implementation and audit reports, as well as sanctions for non-registration, diversion, misuse of funds, false disclosures and execution of unapproved projects.…Seeks mandatory registration, national database for all foreign aid By Henry Umoru ABUJA — The Senate on Wednesday passed for second reading a bill seeking to strengthen transparency, accountability and coordination in the management of foreign aid, grants, donations, humanitarian support and concessional financing in Nigeria.

The bill seeks to establish a legal framework for the coordinated management of foreign assistance, including the mandatory registration of all foreign aid and the creation of a national database to track donor-funded interventions.