The Federal Government has disclosed that state governments have received N471.9 billion of the $1.5 billion World Bank-assisted States Fiscal Transparency, Accountability and Sustainability Programme for Results.
It said in addition to the grant, all the 36 states had domesticated the fiscal reforms in their public financial management systems by adopting the appropriate processes and practices as well as legal and regulatory frameworks which were already yielding positive outcomes
Minister of Finance, Budget and National Planning, Dr Zainab Ahmed, disclosed this at the launch of the States Charter to sustain fiscal transparency, accountability and sustainability reforms.
The minister, who was represented by the Permanent Secretary in the ministry, Aliyu Ahmed, said the state governments had demonstrated high level of ownership, active peer learning and peer competition which culminated in strong performance by most states in all the Key Results Areas of the SFTAS Programme.
The areas, as listed by Ahmed, include. increasing fiscal transparency and accountability; strengthening domestic revenue mobilisation; increasing efficiency in public expenditure and strengthening debt transparency and sustainability.
The minister commended the high level of political visibility and implementation structures created across the 36 states, saying they had contributed largely to the successful implementation of the Programme over the period 2018 to 2022.
