Home  |   About us   |   Consulting    |  Training  |  Local Funding Agency   |   Events    |   Social Responsibility  |  Contact us

 
 

 



 


 
  

Local Funding Agency


With more than $200 Billion annually in international aid aimed at nearly every economic sector including e-government, agro-industry, health, education, infrastructure, environment, energy, and much more, we seek to partner with International Development Finance Organizations to ensure transparent and adequate linkage between the beneficiaries.
SPEED Consulting believes that the key to economic and social progress in Africa is effective participation and engagement of the private sector and non-government organizations. The economics of this progress rely on healthy relationships with international funding organizations, who seek out the thought leadership of the private sector to create growth and advance emerging markets.
The opportunities for the private sector in the developing world are immense, but navigating this terrain requires experience, market intelligence, and dedicated resources. To be truly effective, initiatives must be led by strategic partnerships between thought leaders and donors inside the international development community. Our role is to bridge the existing gaps.

SPEED Consulting through its Local Funding Agency (LFA) will help Funding Agencies maintain a lean and efficient Secretariat, our LFA helps Donors who do not maintain local offices in Nigeria, Instead it relies on our LFA to provide oversight services at the country level.

The LFA will perform any or all of the following functions for the Funding Agency;

1. Fund Portfolio Management
2. Grant recipient assessment


The LFA is contracted to provide independent, professional and informed advice to the Funding Agencies at the country level, at various stages of the grant lifecycle.

The LFA is a crucial part of the Funding Agency’s system of oversight and risk management. Its principal role is to assess the capacity of Primary Recipients to manage the implementation of the activities funded under grants, (including the PR’s capacity to oversee implementation by Sub-recipients) and to provide the Secretariat on an ongoing basis with relevant information on issues or risks which might affect grant performance.

Through a special arrangement our LFA could be the Funding Agencies representative in-country and also make decisions on grants.

The LFA must not participate in implementation of the grant, nor provide technical assistance or capacity building to grant recipients.



 

 

 
   


Copyright ©  2009 Speed consulting Limited, All rights reserved