Fayemi asks states to share details of LG budgets, financial statements

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Fayemi asks states to share details of LG budgets, financial statements
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The Fiscal Responsibility Commission says 32 ministries, departments and agencies have failed to remit over N1.2 trillion of their operating surplus to the consolidated revenue fund of...David Umahi, governor of Ebonyi state, says the south-east region does not want to secede from Nigeria.Advertisement The proscribed Indigenous People of Biafra and the Movement for the Actualisation...

The NGF also pledged to put the necessary legal framework and institutions in place for the states fiscal transparency accountability and sustainability .The SFTAS, launched in 22018, is supported by the World Bank to incentivise states to properly achieve the nine disbursement linked indicators under the programme.

The Bank called for governors’ support on adoption and institutionalisation of protocols for reporting, management and investigation of fraud and corruption in MDAs implementing CARES. “The Bank also urged the support of governors to ensure that their ministries of finance and ministries of justice fast track the execution of subsidiary agreements for the CARES programme,” the communique read.NGF said updates on the SFTAS programme showed that targets for results and disbursements on the 2018 and 2019 annual performance assessments and new COVID-19 2020 disbursement linked indicators had been exceeded.

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