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🇳🇬 Nigeria /Economy & Trade

Nigeria Takes Chair of UN Budget Committee, Jimoh Ibrahim Promises Reforms

From ThisDay · () English

Translated from English and summarized by DistantNews. Read the original for the full story.

At a glance

News Named sources New plan
  • Nigeria has assumed the chairmanship of the UN General Assembly’s Fifth Committee, which handles the organisation’s budgets, administration and financial governance.
  • Ambassador Jimoh Ibrahim said he would pursue reforms requiring clearer justification for spending and stronger evidence of benefits for the UN’s 193 member states.
  • He identified the UN Joint Staff Pension Fund, valued at about $110 billion, as an area requiring careful attention.

Nigeria’s new chair of the United Nations General Assembly’s Fifth Committee says the committee will not operate on a “business as usual” basis, with budget reform and administrative accountability at the centre of his tenure.

Ambassador Jimoh Ibrahim, Nigeria’s permanent representative to the UN, said the country would push for transparency, accountability and far-reaching reforms in the management of the global organisation. The Fifth Committee oversees the UN’s financial and administrative affairs, including budgets, human resources, institutional efficiency and oversight.

Nigeria’s priority is to ensure that we have reforms around the budget and administration that will showcase transparency and accountability.

· Jimoh IbrahimNigeria’s permanent representative outlined his priorities after taking the chair of the UN General Assembly’s Fifth Committee.

“Nigeria’s priority is to ensure that we have reforms around the budget and administration that will showcase transparency and accountability,” Ibrahim said. “We will insist that the United Nations should impact Member States and not just the Secretariat. For us, every dollar is important. There must be justification for the utilisation of funds, because every dollar is key to UN reform.”

We will insist that the United Nations should impact Member States and not just the Secretariat. For us, every dollar is important. There must be justification for the utilisation of funds, because every dollar is key to UN reform.

· Jimoh IbrahimHe said UN spending should produce demonstrable benefits for member states.

He said the committee would promote a results-oriented approach, asking whether UN resources produced tangible benefits for its 193 member states. Efficiency would also be a priority. Ibrahim said the committee would examine whether the organisation’s institutional structures delivered sufficient value and whether its administrative arrangements and spending patterns matched member states’ priorities.

“The approximately $110-billion staff pension fund will be a focus of attention. It cannot simply be business as usual,” he said. The United Nations Joint Staff Pension Fund will be assessed with an emphasis on sound governance, sustainability and transparency, while protecting the interests for which the money is administered.

The approximately $110-billion staff pension fund will be a focus of attention. It cannot simply be business as usual.

· Jimoh IbrahimIbrahim identified the UN Joint Staff Pension Fund as a major area for review.
About this summary

Originally published by ThisDay in English. Translated, summarized, and contextualized automatically by DistantNews, with a note on how the source frames the story. Not individually reviewed before publishing. How this works.

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