FG releases N471.9 billion grant to states
The Federal Government has so far disbursed N471.9 billion in state grants.
The grant is part of the $1.5 billion Fiscal Transparency Accountability and Sustainability (SFTAS) program for the results achieved following various annual assessments carried out by the independent auditors.
Finance Minister Zainab Ahmed disclosed this during the launch of the State Charter on SFTAS by the Nigerian Governors Forum (NGF) on Wednesday.
The minister, who was represented by the permanent secretary of the ministry, Aliyu Ahmed, said that in addition to benefiting from the grants, the 36 states have fully integrated the tax reforms into their public financial management system.
They have achieved this "through the adoption of appropriate processes and legal and regulatory frameworks that are already yielding positive results".
The Minister recognized NGF Chairman, Kayode Fayemi, his Deputy, Aminu Tambuwal, and Edo State Governor, Godwin Obaseki – who chairs the NGF SFTAS Committee.
The trio, she said, played a major role in the institutionalization of the SFTAS program in their states, where they recorded outstanding achievements and in all states of the federation.
"The rapid passage of this Charter is a testament to their tireless efforts to entrench the ideals of SFTAS in state-level government processes," she said.
The Minister also hoped that current and future state administrations would continue to uphold the ideals of SFTAS as enshrined in the Charter and build on the successes already achieved.
The SFTAS charter
The State Charter for Results of the SFTAS program that was launched is primarily aimed at tracking the level of policy implementation, fiscal transparency and accountability in the states.
Through the charter, FNG governors have committed to support and participate in the annual SFTAS assessment dashboard and support mechanisms for coordinating and implementing resource management reforms. public finance (PFM) in all states.
Governors also pledged to support the adoption and integration of courses offered on the NGF's online learning management system (LMS) with the continuous learning and evaluation of government officials. 'State.
Other commitments made by governors include supporting the sustainability of reforms to increase fiscal transparency and accountability, domestic revenue mobilization, public spending efficiency, and debt sustainability; and encourage the domestication of similar PFM reforms at the local government level.
How the program will be verified – DMOFor her part, the Director General of the Debt Management Office (DMO), Patience Oniha, said that at the federal level, states will be controlled using the Public Procurement Act.
This, she said, will allow states to not only deliver, but also be transparent and compliant in how they deliver services.
The Federal Government has so far disbursed N471.9 billion in state grants.
The grant is part of the $1.5 billion Fiscal Transparency Accountability and Sustainability (SFTAS) program for the results achieved following various annual assessments carried out by the independent auditors.
Finance Minister Zainab Ahmed disclosed this during the launch of the State Charter on SFTAS by the Nigerian Governors Forum (NGF) on Wednesday.
The minister, who was represented by the permanent secretary of the ministry, Aliyu Ahmed, said that in addition to benefiting from the grants, the 36 states have fully integrated the tax reforms into their public financial management system.
They have achieved this "through the adoption of appropriate processes and legal and regulatory frameworks that are already yielding positive results".
The Minister recognized NGF Chairman, Kayode Fayemi, his Deputy, Aminu Tambuwal, and Edo State Governor, Godwin Obaseki – who chairs the NGF SFTAS Committee.
The trio, she said, played a major role in the institutionalization of the SFTAS program in their states, where they recorded outstanding achievements and in all states of the federation.
"The rapid passage of this Charter is a testament to their tireless efforts to entrench the ideals of SFTAS in state-level government processes," she said.
The Minister also hoped that current and future state administrations would continue to uphold the ideals of SFTAS as enshrined in the Charter and build on the successes already achieved.
The SFTAS charter
The State Charter for Results of the SFTAS program that was launched is primarily aimed at tracking the level of policy implementation, fiscal transparency and accountability in the states.
Through the charter, FNG governors have committed to support and participate in the annual SFTAS assessment dashboard and support mechanisms for coordinating and implementing resource management reforms. public finance (PFM) in all states.
Governors also pledged to support the adoption and integration of courses offered on the NGF's online learning management system (LMS) with the continuous learning and evaluation of government officials. 'State.
Other commitments made by governors include supporting the sustainability of reforms to increase fiscal transparency and accountability, domestic revenue mobilization, public spending efficiency, and debt sustainability; and encourage the domestication of similar PFM reforms at the local government level.
How the program will be verified – DMOFor her part, the Director General of the Debt Management Office (DMO), Patience Oniha, said that at the federal level, states will be controlled using the Public Procurement Act.
This, she said, will allow states to not only deliver, but also be transparent and compliant in how they deliver services.
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