• About
  • Advertise
  • Contact
Saturday, August 2, 2025
  • Login
Vital News
  • Frontpage
  • Business
  • Economy
  • Politics
  • National
  • Opinion
  • Sports
  • More
    • Crime
    • Judiciary
    • Security
No Result
View All Result
  • Frontpage
  • Business
  • Economy
  • Politics
  • National
  • Opinion
  • Sports
  • More
    • Crime
    • Judiciary
    • Security
No Result
View All Result
Vital News
No Result
View All Result
Home Economy

FG Disburses N471billion SFTAS Funds To 36 States

Vital News by Vital News
August 18, 2022
in Economy
0
Share on FacebookShare on Twitter

Abuja – The Minister of Finance, Budget, and National Planning, Zainab Ahmed, said the Federal Government has released N471.9 billion out of the $1.5 billion approved by the World Bank for fiscal transparency, accountability, and sustainability (SFTAS) programme to the 36 states in the country.

Ahmed stated this at the launch of the state’s charter for the sustenance of fiscal transparency, accountability, and sustainability reforms in Abuja on Wednesday.

The minister, who was represented at the event by the Permanent Secretary in the ministry, Aliyu Ahmed, noted that all 36 states had domesticated the fiscal reforms in their public financial management system through the adoption of appropriate processes and practices.

She said: “Indeed, the very high level of political visibility and implementation structures created across the 36 states contributed largely to the successful implementation of the programme over the period 2018 to 2022.

“The programme has instilled fiscal behaviour and standards and facilitated the widespread adoption of good practices in fiscal and public financial management across the states while respecting their fiscal autonomy through preparation of citizen-based budgets, timely preparation and publication of annual budget and audited financial statements as well as adoption of national charts of account.

RelatedStories

Dangote Says Tinubu’s Economic Policies Working, Reviving Private Sector

FAAC Shares N1.818trillion June Revenue Among FG, States, LGs

Dangote Urges Wealthy Nigerians To Invest More In Nigeria To Aid Growth, Development

Africans In Position To Develop Africa, Dangote Tells Global CEOs

“To date, 28 states have passed their audit law in line with internationally acceptable standards and all 36 states have passed their 2020 audited financial statements before 31 July, 2021.

“Also, 32 states prepared and published local governments’ audited financial statements (AFSS) for FY2018, FY2019 and FY2020 , including all allocations and actual receipts of state-local government joint account allocation committee (SLJAAC) transfers for each LG.”

The minister revealed that 31 states had linked Bank Verification Number (BVN) to payroll while 13 had adopted the Treasury Single Account (TSA)

She added: “Also, many states have been able to increase their Internally Generated Revenue (IGR) significantly by reducing IGR leakages through the implementation of state-level treasury single account (TSA), and intensifying efforts in IGR collection.

“Twenty – seven states passed their consolidated state revenue code (CSRC) by 2020 and 18 states were able to record a nominal IGR collection in 2020 that was equal to or higher than their 2019 nominal IGR collection.”

Tags: bankdisburseprogrammeSFTAS
Previous Post

Lawyer Canvasses Speedy Trial Of Human Trafficking Cases

Next Post

NDLEA Arrests 18,940 Drug Traffickers in 18 Months – Marwa

Vital News

Vital News

RelatedStories

Dangote Says Tinubu’s Economic Policies Working, Reviving Private Sector
Business

Dangote Says Tinubu’s Economic Policies Working, Reviving Private Sector

July 27, 2025
FAAC Disburses N1.678trn February Revenue To FG, States, LGs
Economy

FAAC Shares N1.818trillion June Revenue Among FG, States, LGs

July 19, 2025
Dangote Urges Wealthy Nigerians To Invest More In Nigeria To Aid Growth, Development
Economy

Dangote Urges Wealthy Nigerians To Invest More In Nigeria To Aid Growth, Development

July 16, 2025
Africans In Position To Develop Africa, Dangote Tells Global CEOs
Business

Africans In Position To Develop Africa, Dangote Tells Global CEOs

July 14, 2025
Coordinator, Zero Hunger Nigeria, Arosanyin, Urges States, LGs To Invest More In Agriculture To Prevent Food Shortages
Agriculture/ Water/ Mineral

Coordinator, Zero Hunger Nigeria, Arosanyin, Urges States, LGs To Invest More In Agriculture To Prevent Food Shortages

July 14, 2025
Next Post

NDLEA Arrests 18,940 Drug Traffickers in 18 Months - Marwa

Breach Of Trust : Court Orders Arrest Of Kogi Philanthropist, Gabriel Enemona Over An Alleged N17.5 million Fraud

Insecurity : Ortom Suspends Mining Activities in Benue

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Follow Us

Recommended

Port Harcourt – Aba Train Service Takes Off With Free Ride

Free Train Ride In FCT Confirms President Tinubu’s Pro-people Mindset – TMSG

1 year ago
Col. Brice Nguema Is New Gabonese Leader, Replaces Ali Bong

Col. Brice Nguema Is New Gabonese Leader, Replaces Ali Bong

2 years ago
President Tinubu Approves N147bln For Completion Of Dualization Of Oyo-Ogbomoso Road

President Tinubu Approves N147bln For Completion Of Dualization Of Oyo-Ogbomoso Road

5 months ago
Six Drug Traffickers Sentenced To 156 years Imprisonment In Lagos, Ogun

Six Drug Traffickers Sentenced To 156 years Imprisonment In Lagos, Ogun

2 years ago

Instagram

    Please install/update and activate JNews Instagram plugin.

Categories

  • Agriculture/ Water/ Mineral
  • Aviation
  • Business
  • Crime
  • Culture
  • Economy
  • Education
  • Entertainment
  • Environment
  • Football
  • Foreign
  • Gender
  • Health
  • Judiciary
  • Labour
  • National
  • News
  • Oil & Gas
  • Opinion
  • Opinion
  • Politics
  • Power
  • Religion
  • Security
  • Sports
  • Transport
  • Uncategorized

Topics

Abiodun Abuja APC arrest Atiku Bandits Bello Benue Buhari CBN cement Court Dangote death dies drugs Economy EFCC Election elections FG gunmen Hajj INEC Kano kidnap Kill Kogi Kwara Lagos NDLEA Niger Nigeria Ododo Ogun Oyo PDP Police Power refinery rescue road Security students Tinubu
No Result
View All Result

Highlights

Hafsoh Killer, Abdulrhaman Bello To Die By Hanging, Court Discharges, Acquits 4 Others

FG Seeks Partnership With Dangote Cement To Bridge Housing Gap

Canada Announces Plan To Recognise Palestinian State By September

Governor Alia Dissolves Benue Executive Council, Appoints New Chief of Staff

Dangote Cement Set To Commission 3Mta Grinding Plant In Côte d’Ivoire

Abdulrahim Thanks Governor Ododo Over Appointment as Governing Council Chairman Of Kogi College Of Nursing

Trending

NUC Team Pays Revalidation Visit To FUOYE, Lauds Visible Transformation Of Distance Learning Institute
Education

NUC Team Pays Revalidation Visit To FUOYE, Lauds Visible Transformation Of Distance Learning Institute

by Vital News
August 1, 2025
0

A delegation from the National Universities Commission (NUC) has paid a revalidation visit to the Distance Learning...

Work Ongoing To Re-Erect Three Towers Along Kainji-Birnin Kebbi Transmission Line – TCN

FG Awards Contracts Worth N68.7bln For Power Projects In Universities, Teaching Hospitals

July 31, 2025
Ododo Applauds President  Tinubu, Minister Of Works Over Ongoing Reconstruction, Expansion Of Abuja–Lokoja Highway

Ododo Applauds President Tinubu, Minister Of Works Over Ongoing Reconstruction, Expansion Of Abuja–Lokoja Highway

July 31, 2025
Hafsoh Killer, Abdulrhaman Bello To Die By Hanging, Court Discharges, Acquits 4 Others

Hafsoh Killer, Abdulrhaman Bello To Die By Hanging, Court Discharges, Acquits 4 Others

July 31, 2025
FG Seeks Partnership With Dangote Cement To Bridge Housing Gap

FG Seeks Partnership With Dangote Cement To Bridge Housing Gap

July 31, 2025
ADVERTISEMENT
Vital News

Vital News is an online newspaper with a mission to uphold professional journalism by reporting and publishing only facts and figures-based news reports across Nigeria and beyond.

Recent News

  • NUC Team Pays Revalidation Visit To FUOYE, Lauds Visible Transformation Of Distance Learning Institute August 1, 2025
  • FG Awards Contracts Worth N68.7bln For Power Projects In Universities, Teaching Hospitals July 31, 2025
  • Ododo Applauds President Tinubu, Minister Of Works Over Ongoing Reconstruction, Expansion Of Abuja–Lokoja Highway July 31, 2025

Categories

  • Agriculture/ Water/ Mineral
  • Aviation
  • Business
  • Crime
  • Culture
  • Economy
  • Education
  • Entertainment
  • Environment
  • Football
  • Foreign
  • Gender
  • Health
  • Judiciary
  • Labour
  • National
  • News
  • Oil & Gas
  • Opinion
  • Opinion
  • Politics
  • Power
  • Religion
  • Security
  • Sports
  • Transport
  • Uncategorized

© 2022 Vital News - . All Rights Reserved.

No Result
View All Result
  • Frontpage
  • Business
  • Economy
  • Politics
  • National
  • Opinion
  • Sports
  • More
    • Crime
    • Judiciary
    • Security

© 2022 Vital News - Vital News by Vital News.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In