24 states get N43.4bn World Bank performance grants

April 29, 2020
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The federal government on Wednesday disclosed that it has disbursed N43.42 billion (about $120.6 million) to 24 eligible states based on their achievements under the performance-based grant component of the World Bank-assisted States Fiscal Transparency, Accountability and Sustainability (SFTAS) programme in 2018.

The 24 benefiting states who met the eligibility criteria are Abia, Adamawa, Bauchi, Benue, Delta, Edo, Ekiti, Enugu, Gombe, Jigawa, Kaduna, Kano, Katsina, Kebbi, Kogi, Kwara, Niger, Ondo, Ogun,Oyo, Osun, Sokoto, Taraba and Yobe .

Kaduna State, which achieved the highest results, got the highest share of the grant N3.96 billion, while Katsina and Benue got the lowest amount of N540 million each.

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The programme, a $750 million wholly-financed loan facility by the World Bank Group affiliate, the International Development Association (IDA), was aimed at promoting the culture of fiscal transparency, accountability and sustainable development by sub-national entities in the country.

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The programme, a $750 million wholly-financed loan facility by the World Bank Group affiliate, the International Development Association (IDA), was aimed at promoting the culture of fiscal transparency, accountability and sustainable development by sub-national entities in the country.

The Minister of Finance, Budget and National Planning, Zainab Ahmed, said these on Wednesday through the ministry’s spokesperson, Hassan Dodo.

She said the disbursement followed the participation of the 24 eligible states in the recent Annual Performance Assessment (APA) exercise.



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