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Wed, Jul 12, 2023 5:00 PM

The Nigeria Joint Market Monitoring Initiative (JMMI): Promoting Transparency in Cash and Voucher Assistance

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The Nigeria Joint Market Monitoring Initiative (JMMI): Promoting Transparency in Cash and Voucher Assistance
The Nigeria Cash Working Group (CWG) and partners, in collaboration with iMMAP Nigeria, have launched the Nigeria Joint Market Monitoring Initiative (JMMI). This initiative aims to provide regular updates on prices of key items and market functionality in Northeastern Nigeria to inform Cash and Voucher Assistance (CVA). Data from the recent round of JMMI was collected in three states and sixteen Local Government Areas (LGAs).

The Nigeria Cash Working Group (CWG) and partners, in collaboration with iMMAP Nigeria, have launched the Nigeria Joint Market Monitoring Initiative (JMMI) to promote transparency and inform Cash and Voucher Assistance (CVA). This initiative aims to provide regular updates on prices of key items and market functionality in Northeastern Nigeria.

The JMMI collects data to monitor market prices and evaluate market functionality, ensuring efficient and effective distribution of cash and vouchers to those in need. The recent round of the JMMI was conducted from 12th to 16th December in three states - Borno, Adamawa, and Yobe - covering sixteen Local Government Areas (LGAs) in Northeastern Nigeria.

The primary objective of the JMMI is to gather data on the prices of key items in local markets. This information helps stakeholders make informed decisions regarding the amount of cash or vouchers to provide to affected households and ensures that the assistance adequately covers their basic needs.

By regularly tracking market functionality, the JMMI plays a crucial role in identifying any challenges or gaps that may exist in the distribution of assistance. This data-driven approach allows for timely adjustments and targeted interventions to overcome operational barriers and enhance the overall effectiveness of Cash and Voucher Assistance programs.

The collaboration between the Nigeria CWG, iMMAP Nigeria, and other partners ensures that the JMMI is implemented using a coordinated and standardized methodology. Trained enumerators collect data on key indicators, such as the average prices of food items, non-food items, and transportation costs.

The collected data is then analyzed and shared with relevant stakeholders, including humanitarian organizations, government agencies, and implementing partners. This transparent sharing of information enables all actors to have a comprehensive understanding of the market situation, fostering coordination and better decision-making.

Moreover, the JMMI not only provides insight into market prices but also assesses market functionality. It examines factors such as availability, quality, and supply chain constraints to ensure that assistance programs can effectively meet the needs of affected communities.

For instance, if the JMMI identifies a shortage of certain food items or an increase in transportation costs, organizations can take necessary measures to mitigate the impact on beneficiaries. This proactive approach empowers humanitarian actors to respond promptly and adjust their programs to address emerging challenges.

In conclusion, the Nigeria Joint Market Monitoring Initiative (JMMI) is a valuable tool that promotes transparency, accountability, and effectiveness in Cash and Voucher Assistance (CVA) programs. By collecting and sharing data on market prices and functionality, the JMMI enables stakeholders to make informed decisions and respond promptly to the needs of affected communities in Northeastern Nigeria.

Source of content: OOO News 2023-07-12 News

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