The World Bank has revealed plans to restructure the Innovation Development and Effectiveness in the Acquisition of Skills (IDEAS) Project in Nigeria, following challenges in achieving its objectives.
Launched with a $200 million fund, the project has faced setbacks, prompting a comprehensive revamp for enhanced effectiveness.
According to the implementation status & results report disclosed by our source the project, initiated on February 18, 2020, aimed to bolster the Nigerian skills development system. However, only about $34.88 million has been disbursed due to underperformance, leading to withheld funds contingent on meeting project criteria.
Reasons for Restructuring:
The IDEAS Project, designed to advance skills acquisition in Nigeria, exhibited limited progress in key areas over the past two years. Component 1, providing grants to federal and state colleges, faced challenges such as incomplete workshop renovations and delayed equipment procurement. Component 2, targeting master craftspersons and apprentices, also experienced slow progress.
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The Mid-Term Review mission highlighted these issues and identified necessary adjustments for relevance and effectiveness.
Restructuring Initiatives:
The restructuring involves completing certain activities, canceling others, and introducing a results-based contracting fund. This fund aims to provide scalable and cost-effective skills training, linking trainees with employers for wage employment or self-employment opportunities. Notable changes include the introduction of private and public service providers for large-scale training and job placements, addressing scalability and sustainability concerns.
Timeline for Restructuring:
Expected to conclude by March 2024, the restructuring process includes revising the results framework, modifying indicators and targets. The restructured project will emphasize results-based contracting, involving both private and public service providers. New indicators and targets will align with the revised approach, signaling a critical step toward addressing scalability and sustainability challenges.
The World Bank’s commitment to results-based solutions underscores its dedication to ensuring tangible outcomes from the significant investment in Nigeria’s skills development.
Source: Nairametrics