FGN DISBURSES N43,416,000,000.00 (USD120.6 MILLION) AS PERFORMANCE-BASED GRANTS TO 24 STATES

FGN DISBURSES N43,416,000,000.00 (USD120.6 MILLION) AS PERFORMANCE-BASED GRANTS TO 24 STATES UNDER THE WORLD BANK-ASSISTED STATES FISCAL TRANSPARENCY, ACCOUNTABILITY AND SUSTAINABILITY PROGRAM-FOR-RESULTS       The Federal Government of Nigeria has disbursed the sum of N43,416,000,000.00 (USD120.6 million) as performance-based grants to 24 eligible States on the basis of the results achieved in 2018 under […]

Minister of Finance inaugurates 17-member committee for fiscal sustainability

Mrs. Zainab Ahmed, Minister of Finance, Budget and National Planning, has inaugurated a 17-member National Steering Committee for the States Fiscal Transparency, Accountability, and Sustainability (SFTAS) Programme-For-Results. The minister inaugurated the committee on Tuesday in Abuja, charging members to consider the assignment as a call to national duty and ensure results were achieved within specified[…..]

SFTAS: OAuGF Signs MoU with Ministry of Finance

Mr. Anthony Mkpe Ayine, presenting a copy of the signed MoU to the representative of the National Programme Coordinator for SFTAS from the Ministry of Finance, Mr. Bello Abdulmajeed, on Wednesday 27th November, 2019, at the Audit House in Abuja.

The Independent Verification Agent, the APA Process and Dealing with Potential Issues

1.1 The Independent Verification Agent Arrangements The Office of the Auditor-General for the Federation has formally accepted the IVA role. A third-party/external firm will be engaged to work with the IVA to conduct the Annual Performance Assessments (APAs). During the APAs, the IVA and the third-party/external firm will work together in joint teams in the[…..]