ACBF Approves Extra $1.4m for WAIFEM

Thu, Mar 16, 2017 | By publisher


Business Briefs

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THE African Capacity Building Foundation has approved a grant of 1.4 million dollars for the West African Institute for Financial and Economic Management to help it improve the training of financial and economic professionals in Nigeria and West Africa.

“The grant will help the Institute to train a new cadre of experts locally, thereby saving the amount previously spent on sending them overseas,” said Prof. Emmanuel Nnadozie, ACBF’s executive secretary in Abuja, recently. The grant will also enable WAIFEM to conduct research in critical areas, including infrastructure and trade financing,” he said.

The latest assistance brings to 8.4 million dollars the total amount WAIFEM has received from ACBF since 2005, the executive secretary said. For more than 10 years, ACBF has supported WAIFEM in training more than a 1,000 officials from West African central banks, ministries of finance and planning, and private sector organisations. It has equally assisted it to establish a video conferencing and training facility to expand access to the Institute’s programmes.

Based in Lagos, Nigeria, WAIFEM partners with major global bodies such as the World Bank, IMF and other regional organisations to deliver quality education to Nigerians and other West African nationals.

—  Mar 16, 2017 @ 18:00 GMT

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