The Federal Government has disbursed N43.41bn ($120.6m) to 24 states under the performance-based grant component of the World Bank-Assisted States Fiscal Transparency, Accountability and Sustainability Programme-for-Results.
The Minister of Finance, Budget and National Planning, Mrs. Zainab Ahmed, said this in a statement issued on Wednesday.
The SFTAS is a $750m programme to reward states for meeting any or all of the nine indicators that demonstrate improvements in fiscal transparency, accountability and sustainability.
The SFTAS programme is part of efforts of the Federal Government to further enhance the transparency and accountability in the use of public resources through the implementation of the Open Government Partnership which Nigeria signed to in July 2016.
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