The federal government has disbursed the sum of N351.6 billion to the 36 state governments under the States’ Fiscal Transparency Accountability and Sustainability (SFTAS), a program of the world bank that was initiated in 2018.
The National Programme Coordinator, Mr. Stephen Okon, disclosed this while briefing Civil Society Organizations (CSOs), on SFTAS programme sustainability, in Abuja, on Saturday, he said the program was created to encourage state governments to adopt fiscal measures that conform with openness and accountability in public finance administration.
Mr. Okon said “SFTAS had started disbursing the second tranche of the $750 million long ago and in fact it might interest you to note that up till now about N262 billion naira have being disbursed to states as grants for achievements made in respect of the what we call the Disbursement Linked Indicators (DLIs)”.
He added that SFTAS was “in the process of making more disbursement for the 2020 Annual Performance Assessment (APA) and the 2021 APA. The 2021 APA which we expect to disburse in October will be the last of this disbursement”.
Mr Okon said further that World Bank had made $1. 5 billion available to the federal government with which to encourage the state governments to be more accountable and that all states now publish their budget and their end of year account on a timely basis.