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    MarketForces Africa » MarketForces News » Reps to Investigate Alleged Mismanagement of N350bn ANRiN Fund

    Reps to Investigate Alleged Mismanagement of N350bn ANRiN Fund

    Ogochukwu NdubuisiBy Ogochukwu NdubuisiDecember 12, 2024 News No Comments2 Mins Read
    Reps to Investigate Alleged Mismanagement of N350bn ANRiN Fund
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    Reps to Investigate Alleged Mismanagement of N350bn ANRiN Fund

    The House of Representatives has resolved to investigate alleged mismanagement of N350 billion in the implementation of Accelerating Nutrition Results in Nigeria (ANRiN).

    The resolution was a sequel to the adoption of a motion by Rep. Chike Okafor (APC-Imo) at plenary on Thursday.

    Moving the motion, Okafor said that there was an alleged mismanagement and misapplication of $232 million loan intervention in the ANRiN programme in the country.

    According to him, ANRiN is a World Bank-funded, performance-based project that uses loans to address nutritional challenges in Nigeria.

    He said that the project was aimed at providing improved nutrition for vulnerable communities.

    This, he said, was through increasing access to quality, cost-effective nutrition services for pregnant and lactating women, adolescent girls and children under five years of age in 12 states.

    The lawmaker listed the states to include: Abia, Akwa Ibom, Gombe, Kaduna, Kano, Kogi, Kwara, Nasarawa, Niger, Oyo and Plateau, all cutting across the six geo-political zones.

    He recalled that the ANRIN programme was entered into by the Federal Government in 2018 to achieve a balance between the urgent need to protect Nigerian children from the devastating and life-long effects of malnutrition.

    He said that it was expected to improve nutritional interventions and outcomes before December 2024.

    “Concerned that the programme so far has been alleged to be ‘water, water everywhere but no water to drink’, a beautiful programme for solving malnutrition challenges, but it has appeared to produce miraculous and obviously ineffective outcomes.

    “This is cognizant of the reports and current indicators of Nigeria amidst such a huge and humongous loan from the World Bank.

    “Worried that the recently-released Nigerian Demographic Health Survey 2023/2024 indicated a worsening of nutrition specifics, with indices showing an increase in under-five stunting and malnutrition and the current realities, raising question about the 232 million US dollars spent for nutritional interventions and Nigeria’s poor global ranking.

    “An investigation will determine the extent of the alleged mismanagement of funds in the ANRiN programme, evaluate its impact, identify responsible parties and propose accountability measures for future $50 million interventions,” he said.

    In his ruling, the Speaker, Rep. Tajudeen Abbas, mandated the Committees on Nutrition and Food Security, Finance, Aids, Loan and Debt Management to investigate the matter and report back within four weeks.

    Fund House of Reps
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    Ogochukwu Ndubuisi
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    Ogochukwu Ndubuisi is an editorial content strategist and financial news writer at MarketForces Africa, covering a broad range of topics including Nigeria's equity markets, infrastructure development, energy, government policy, corporate finance, and digital economy.With over 2,400 published articles on MarketForces Africa, Ogochi brings depth and consistency to the publication's daily news coverage.Her reporting spans Nigerian Exchange Group market movements, Lagos State infrastructure projects, and federal government economic policies, oil and gas developments, and emerging sectors shaping Nigeria's economic landscape.She also covers Africa-wide stories, including East African market indices, continental investment trends, and cross-border economic developments.Ogochi works closely with MarketForces Africa's editorial and corporate communications teams to deliver accurate, timely, and well-researched content to the publication's professional readership.Ogochukwu Ndubuisi is based in Lagos, Nigeria.

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