[{"bbox": [136, 131, 752, 165], "category": "Section-header", "text": "# 4. IMPLEMENTATION ARRANGEMENTS"}, {"bbox": [174, 193, 457, 224], "category": "Section-header", "text": "## 4.1. Financing Agreement"}, {"bbox": [148, 237, 1103, 289], "category": "Text", "text": "In order to implement this action, it is envisaged to conclude a financing agreement with the partner country."}, {"bbox": [174, 307, 582, 338], "category": "Section-header", "text": "## 4.2. Indicative Implementation Period"}, {"bbox": [148, 351, 1103, 482], "category": "Text", "text": "The indicative operational implementation period of this action, during which the activities described in section 3 will be carried out and the corresponding contracts and agreements implemented, is 48 months from the date of entry into force of the financing agreement. Extensions of the implementation period may be agreed by the Commission's responsible authorising officer by amending this Financing Decision and the relevant contracts and agreements."}, {"bbox": [174, 501, 774, 532], "category": "Section-header", "text": "## 4.3. Implementation of the Budget Support Component"}, {"bbox": [219, 548, 267, 574], "category": "Text", "text": "N.A"}, {"bbox": [174, 595, 514, 626], "category": "Section-header", "text": "## 4.4. Implementation Modalities"}, {"bbox": [148, 639, 1103, 715], "category": "Text", "text": "The Commission will ensure that the EU appropriate rules and procedures for providing financing to third parties are respected, including review procedures, where appropriate, and compliance of the action with EU restrictive measures¹⁴."}, {"bbox": [195, 728, 779, 757], "category": "Section-header", "text": "### 4.4.1. Indirect Management with a pillar assessed entity"}, {"bbox": [148, 798, 1103, 1113], "category": "Text", "text": "This action may be implemented in indirect management with GIZ, which was selected by the Commission's services using the following criteria: demonstrated capacity in the implementation of agricultural value chain projects, global experience and best practices, operational capacity, country experience, value added consideration in terms of technical expertise and resources. The implementation by this entity entails a partial co-funding of the EU Support to Agriculture Value Chain Development Facility project (EU VACE) NG, which is to support Nigeria in boosting sustainable climate smart agricultural production and increasing agricultural exports, and job creation/entrepreneurship for women and young people. This implementation modality is justified on the basis of GIZ's global reputation for transparency and accountability and support of stakeholders to effectively translate policy reform commitments and national programmes into practice, GIZ's extensive experience in agriculture and MSME sectors, presence in the country, as well as GIZ's partnership with the EU on numerous projects in Nigeria."}, {"bbox": [148, 1125, 1103, 1230], "category": "Text", "text": "In case the envisaged entity would need to be replaced, the Commission's services may select a replacement entity using the same criteria. In particular, a number of UN \"family\" organisations operate in Nigeria providing the same level of transparency, accountability and support of stakeholders to effectively translate policy reform commitments and programmes into practice."}, {"bbox": [174, 1260, 414, 1291], "category": "Section-header", "text": "## 4.5. Indicative Budget"}, {"bbox": [136, 1300, 1123, 1440], "category": "Table", "text": "<table><thead><tr><td>Indicative Budget components¹⁵</td><td>EU contribution (amount in EUR)</td><td>Third-party contribution, in currency identified</td></tr></thead></table>"}, {"bbox": [136, 1497, 1116, 1571], "category": "Footnote", "text": "¹⁴ www.sanctionsmap.eu. Please note that the sanctions map is an IT tool for identifying the sanctions regimes. The source of the sanctions stems from legal acts published in the Official Journal (OJ). In case of discrepancy between the published legal acts and the updates on the website it is the OJ version that prevails."}, {"bbox": [136, 1571, 1116, 1645], "category": "Footnote", "text": "¹⁵ N.B: The final text on audit/verification depends on the outcome of ongoing discussions on pooling of funding in (one or a limited number of) Decision(s) and the subsequent financial management, i.e. for the conclusion of audit contracts and payments."}, {"bbox": [998, 1668, 1116, 1692], "category": "Page-footer", "text": "Page 19 of 23"}]