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  • keyboard_arrow_right FG Disburses N123bn World Bank Fiscal Transparency Grant To States

Business

FG Disburses N123bn World Bank Fiscal Transparency Grant To States

Oluwaseye Ogunsanya January 14, 2021 12


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The federal government under the World Bank supported states fiscal transparency, accountability and sustainability (SFTAS) Programme-for-Results has disbursed N123.34 billion performance-based grant to eligible states.

The minister of finance, budget and national planning, Zainab Ahmed, said Sokoto state received the highest amount of N6.612 billion while Kano state got the lowest amount of N1.710 billion.

A statement by Hassan Dodo, director of press at the finance ministry quoted Ahmed to have said “Bayelsa, Imo, Rivers and Zamfara States got zero allocation due to their inability to meet the 2019 eligibility criteria which required States to publish online approved annual budgets and audited financial statements within a specific timeframe”.

Ahmed explained that states were awarded for results achieved across disbursements linked indicators (DLIs) such as fiscal transparency, accountability, expenditure efficiency, revenue mobilization and debt sustainability, in the 2019 annual performance assessment (APA).

She said the assessment was carried out by the office of the auditor general for the federation (OAuGF) as the independent verification agent (IVA) and granted approval by the programme coordination unit (PCU) of the federal ministry of finance, budget and national planning.

The minister also said that the disbursement included N91.048 billion of performance-based grants for the 2019 APA results achieved by 32 eligible states adding that states have improved on fiscal reforms as only 24 states received N43.4 billion performance- based grants for 2018 APA results.

According to Ahmed, the FG has disbursed N233 billion to states under SFTAS since the first disbursement in April 2020.

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