Monitoring and Evaluation (M&E)

2.9 Monitoring and Evaluation (M&E) To achieve the objectives of the Fund, a robust M&E framework has been developed to monitor the operations and utilization of the Fund. The following shall apply: 

a) On-site verification and monitoring of projects under the Fund by the CBN and PFIs during the loan period. 

b) Off-site ICT based reporting system to provide up-to-date information on the Fund’s activities. 

c) Reports of the monitoring exercise shall be shared with the concerned PFIs. 

d) CBN shall leverage Apex Associations’ capacities and information in monitoring and evaluation 

e) CBN shall periodically evaluate the activities of the PFIs to ensure achievement of the objectives of the Fund. 

2.10 Discontinuation of the Facility All undisbursed funds or discontinued facilities shall be reported and repaid to the CBN within 5 working days.