President Muhammadu Buhari, GCFR, Officially Unveils a Digital Performance Management System in Abuja, FCT Photo: VON

Digital Economy: Nigeria launches digital Performance Management System to track projects

*President Muhammadu Buhari officially unveils the Federal Government’s digital Performance Management System (PMS) to help the government to track projects and programmes, and ensure accountability across the country in real-time

*Vice-President Yemi Osinbajo urges the Central Bank of Nigeria to move the country’s foreign exchange rates to be more reflective of market realities

Gbenga Kayode | ConsumerConnect

In line with the Federal Government’s digital economy agenda, President Muhammadu Buhari has officially unveiled a digital Performance Management System (PMS) that would help to track government projects across the country in real-time.

ConsumerConnect reports President Buhari launched the PMS Monday, October 11, 2021, at the Mid-Term Ministerial Performance Review Retreat in the Banquet Hall of the Presidential Villa, Abuja, FCT.

RELATED: NCC Committed To Growth Of E-Governance, Other Internet-Driven Services In Nigeria ─Danbatta

Buhari, accompanied by Vice-President (Prof.) Yemi Osinbajo and Mr. Boss Mustapha, Secretary to the Government of the Federation (SGF) as well as the leadership of the National Assembly (NASS) graced the annual retreat.

President Buhari (2nd right),Vice-President Yemi Osinbajo, and other top government officials at the event

The Nigerian President, at the retreat, inaugurated the Performance Management System and Dashboard to track projects performance of all government ministries in real-time with live data.

In his remarks on the development at the event, Buhari disclosed that the digital dashboard would enable his administration to monitor the implementation of projects and programmes, using live data.

RELATED: NCC Urges Stakeholders To Activate Digital Economy For Diversification, Transformation

According to President Buhari, the PMS has been in effect since January 2021, and has helped him to monitor the performance of ministries and by extension, monitor the progress of his administration.

He further noted that it is in the continued drive of the government to ensure accountability that his administration “incorporated performance management framework into the functions of the Central Delivery Coordination Unit”.

The President also stressed the Midterm Ministerial review is aimed that reviewing each Minister’s programme, identifying key impediments to implantation, and re-planning strategies on how to accelerate delivery of results in regard to the current economic situation in the country.

The retreat, he stated, will effectively evaluate the activities of the ministries over the last two years in order to ascertain how well they have helped to deliver on the promise made to Nigerians, said he.

RELATED: NCC Chief Highlights Benefits Of Digital Literacy In Socio-Economic Transformation

Buhari, therefore, urged Ministers in his cabinet to work closely with their Permanent Secretaries to ensure accelerated and effective delivery of projects and programmes in their respective primary areas of focus.

The President further noted that SGF Mustapha has been directed to consolidate efforts at strengthening the work of the delivery unit, in a bid to attain effective implementation of government policies and plans within the remaining period of the administration.

Osinbajo urges CBN to ensure Forex rates reflect market realities

In a related development, Vice-President Osinbajo has stated that Nigeria’s official foreign exchange (Forex) rate is “artificially low”.

The Vice-President said this Monday in his address at the Presidency’s Midterm Ministerial Performance Review Retreat at the Presidential Villa, Abuja.

Osinbajo stated: “As for the exchange rate, I think we need to move our rates to be more reflective of the market as possible.

RELATED: MAN Urges CBN To Reduce Lending Rates To Real Sector For Competitiveness

“This, in my own respectful view, is the only way to improve supply. We can’t get new Dollars into the system when the exchange rate is artificially low.”

The Vice-President also noted: “And everyone knows by how much our reserves can grow.

“So I’m convinced that the demand management strategy currently being adopted by the CBN needs a rethink.

“All those are issues, I’m sure, that when the CBN Governor has time to address, he will be able to address in full.”

While the CBN’s official rate is N410 to a Dollar, rates in the parallel market go as high as N570, a report said.

Kindly Share This Story