Kaduna Gets Highest, Benue and Katsina Lowest as FG Shares N43.416bn Among 24 States

A total amount of N43.416 billion has been distributed by the Federal Government as performance-based grants to 24 eligible states on the basis of the results achieved in 2018.

The 24 beneficiary states that 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 States.
The Director of Press and Public Relations in the Ministry of Finance, Budget and National Planning, Mr. Hassan Dodo, made this known in a statement issued in Abuja on Wednesday.

According to Dodo, the Minister of Finance, Mrs Zainab Ahmed pointed out that the fund was under the performance-based grant component of the World Bank-Assisted States Fiscal Transparency, Accountability and Sustainability (SFTAS) Programme-for-Results.

“The DLIs are derived from the country’s 22-Point Fiscal Sustainability Plan and the 14 Open Government Partnership (OGP) commitments aimed at strengthening fiscal transparency, accountability and sustainability across all States of the Federation.

“The Eligibility Criteria (EC) that States have to meet in order to qualify to receive any grants include the online publication of the approved annual budget and audited financial statement for the previous year.

“And the DLIs that eligible States receive grants for achieving improved financial reporting and budget reliability; increased openness and citizens’ engagement in the budget process; improved cash management and reduced revenue leakages through implementation of State Treasury Single Account (TSA).

“Also strengthening Internally Generated Revenue (IGR) collection; biometric registration and Bank Verification Number (BVN) used to reduce payroll fraud.

“Others are improved procurement practices for increased transparency and value for money; strengthened public debt management and fiscal responsibility framework; improved clearance and reduction of stock of domestic expenditure arrears and improved debt sustainability,” she added.

Categories: News