Rivers State miss out on FG's N123.3bn Fiscal Accountability funds

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Rivers State has again lost out on benefiting from the States Fiscal Transparency Accountability and Sustainability Programme for Results of the Federal government.

 

This is as the Federal Government disbursed N123.3bn to states under its States Fiscal Transparency Accountability and Sustainability Programme for Results.

 

Minister of Finance, Budget and National Planning, Zainab Ahmed disclosed this in a statement signed by the Ministry’s Director of Press and Public Relations, Hassan Dodo.

 

The finance minister explained that the disbursement followed the achievement of results by the states in the just concluded 2019 Annual Performance Assessment.

 

Ahmed said the disbursement included N91.048bn of performance-based grants for the 2019 APA results achieved by thirty-two Eligible States across various Disbursement Linked Indicators covering fiscal transparency, accountability, expenditure efficiency, revenue mobilization and debt sustainability.

 

States received grants in line with the number of results achieved, with Sokoto State receiving the highest amount of N6.612bn while Kano State got the lowest amount of N1.710bn.

 

Bayelsa, Imo, Zamfara and Rivers States got zero allocation due to their inability to meet the 2019 eligibility criteria which required States to publish online approved annual budgets and audited financial statements within a specific timeframe.

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