Nigerian government’s policy to restrict access to hard currency for commodities which could be produced in Nigeria is creating major opportunities for local production.
Nigerian government’s policy to restrict access to hard currency for commodities which could be produced in Nigeria is creating major opportunities for local production.
We worked with MADE on improving access to finance and the provision of technology adoption grants (TAG) across project beneficiaries, as well as on the development of the common initiative on co-facilitator development. We also leveraged Nigeria Agricultural Enterprise curriculum (NAEC) trainings and good agricultural practice demonstration models. Our partnership with them has helped increase outreach and engagement of the market actors.
We saw in 2016 a stronger interest by local non-governmental organizations (NGOs) to apply the Making Markets Work for the Poor (M4P) approach to help organizations design pro-poor economic development interventions for sustainability by taking on a facilitatory role and not directly influencing the market.
Through the Capacity for Local Empowerment (CAPABLE) project, we help open up a strong, sustainable market for capacity building services for local organizations in the Niger Delta
Through our strengthening Advocacy for Civic Empowerment (SACE) project, we support increased engagement and efficacy of civil society to influence public institutions whose function it is to serve citizens interests
Through our Leadership, Empowerment and Development (LEAD) program we boost local government service delivery and improving services in participating local government councils in Rivers State
The Foundation's financial statements have been prepared using the going concern basis of accounting. The use of this basis of accounting is appropriate unless management either intends to liquidate the Foundation or to cease operations, or has no realistic alternative but to do so.
We conducted our audit in accordance with the Nigerian Standards on Auditing (NSAs) issued by the Institute of Chartered Accountants of Nigeria (ICAN). Our responsibilities under those standards are further described in the Auditor's Responsibilities for the Audit of the Financial Statements section of our report.
We have audited the financial statements of the Foundation, which comprise the statement of financial position as at December 31, 2016, the statement of operating activities, statement of changes in equity, statement of cash flows for the year then ended, and notes to the financial statements, including a summary of significant accounting policies.
In our opinion, the accompanying financial statements give a true and fair view of the financial position of Foundation for Partnership Initiatives in the Niger Delta as at December 31, 2016, its financial performance and its cash flows for the year then ended in accordance with the provisions of the Companies and Allied Matters Act CAP C20 LFN 2004 and the Financial Reporting Council of Nigeria (FRCN) Act No.6 of 2011.
The Directors are responsible for the preparation and fair presentation of these financial statements which are in compliance with the requirements of both Financial Reporting Council of Nigeria Act, No. 6 of 2011 and the Companies and Allied Matters Act, Cap C20 LFN, 2004.
Writer: Saratu Abiola
Editor: Chichi Nnoham-Onyejekwe
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