The federal government has so far disbursed N471.9 billion as grants to states.
The grant is part of the $1.5 billion World Bank-Assisted States Fiscal Transparency Accountability and Sustainability (SFTAS) Programme for the results achieved following various annual assessments carried out by the Independent Verification Agents.
The Minister of Finance, Zainab Ahmed, disclosed this at the launch of the state charter on the SFTAS by the Nigerian Governors Forum (NGF) .
The minister, who was represented by the ministry’s Permanent Secretary, Aliyu Ahmed, said beyond benefitting from the grants, all the 36 states have fully domesticated the fiscal reforms in their public financial management system.
They achieved this “through the adoption of appropriate processes and legal and regulatory frameworks which are already yielding positive outcomes.”
The minister recognised the 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 major roles in institutionalising the SFTAS Programme in their states, where they recorded outstanding achievements and in all the states of the federation.
“The speedy adoption of this Charter bears great testimony to their unrelenting efforts in entrenching SFTAS ideals in government processes at the State level,” she said.