- Lagos, Rivers, Anambra miss out
Federal Government will share the sum of $120.6 million (about N43.416 billion) as grant to 24 states whose financial records have been adjudged by the World Bank as transparent.
This was revealed through a statement released by the Ministry of Finance, Budget and National Planning and signed by its Director in charge of Information and Press, Hassan Dodo.
The said grant was provided by the World Bank under the Assisted States Fiscal Transparency, Accountability and Sustainability Programme-for-Results.
Kaduna State, having scored highest point in the exercise undertaken by the office of the Auditor-General for the Federation on behalf of the global financial institution was awarded the highest amount of N3.96 billion.
Other states that will share in this grant are Abia, Adamawa, Bauchi, Benue, Delta, Edo, Ekiti, Enugu, Gombe, Jigawa, Kaduna, Kano, Katsina, Kebbi, Kogi, Kwara, Niger and Ondo.
Completing the list are Ogun, Oyo, Osun, Sokoto, Taraba and Yobe.
Part of the statement from the ministry reads:
“The Federal Government of Nigeria has disbursed the sum of N43,416,000,000.00 ($120.6 million) as performance-based grants to 24 eligible states on the basis of the results achieved in 2018 under the performance-based grant component of the World Bank-Assisted States Fiscal Transparency, Accountability and Sustainability (SFTAS) Programme-for-Results, which is wholly-financed with a loan amount of $750 million from the International Development Association (IDA), a member of the World Bank Gro”
Lagos, Akwa Ibom, Cross River, Rivers and Bayelsa were omitted from the list sparking speculations that they not meet Fisical Transparency benchmark.
Other states that did not make the cut are Ebonyi, Imo, Anambra, Nasarawa, Plateau and Zamfara.