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 […]

SFTAS: OAuGF Signs MoU with Ministry of Finance

The Office of the Auditor-General for the Federation (OAuGF) has signed a Memorandum of Understanding (MoU) with the Federal Ministry of Finance Budget and National Planning to signal the official launch of the State Fiscal Transparency, Accountability and Sustainability (SFTAS) programme. Delegates from the World Bank and others from the Ministry of Finance and JK[…..]

Institutional and Implementation Arrangements

States will be responsible for achieving the program results and thus will be leading the implementation of the PforR component. To support the implementation of the Program in each state, a state steering committee will be established in each of the participating states. The membership of the committee shall include representation from the key MDAs[…..]

SFTAS Program Scope and Components

The proposed Program is a hybrid with two components of activities that support Nigerian states to achieve the key result areas of the Program: (1) a performance-based financing component for state governments, which will be implemented as a PforR; and (2) a technical assistance (TA) component for states and selected national-level institutions, which will be[…..]