Nigeria has officially assumed the chairmanship of the United Nations General Assembly’s Fifth Committee, responsible for the organisation’s budget and administrative affairs.

Ibrahim said Nigeria’s chairmanship would not be approached as “business as usual,” as resources must be utilised responsibly and produce tangible benefits for the organisation’s 193 Member States.

According to the Nigerian envoy, every dollar spent by the United Nations must be properly accounted for and justified.

As chairman of the fifth committee, Nigeria will oversee deliberations on the organisation’s budgets, financial governance, human resources, institutional efficiency, oversight and the resources required to implement mandates approved by Member States.

The Nigerian envoy pledged to promote an inclusive process in which every member state has a stake in the work of the committee, with decisions guided by transparency, accountability and collective responsibility.

He said Nigeria would rely on consultation, dialogue and consensus-building to bridge differences among delegations and advance the collective interests of the UN membership.

Ibrahim stressed that Nigeria’s leadership of the committee would be exercised in the interest of the entire membership rather than in pursuit of narrow national interests.

He identified the United Nations Joint Staff Pension Fund, with assets of about $110 billion, as another area requiring careful attention.

The Fifth Committee occupies a strategic position within the General Assembly, as decisions relating to peace and security, development, human rights, humanitarian operations and other areas of the UN system ultimately require financial and administrative support.

Its recommendations therefore have direct implications for how mandates approved by the General Assembly are financed and implemented.