Skeptics

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#002 Posted on 30th June 2020 The Federal Government had reportedly spent about NGN173b between January and April 2020 without giving a description of what the money was used for. According to the details on Open Treasury Portal, the payments was made in 1,353 transactions to various MDAs, security agencies, educational institutes, etc. For the purpose […]

Obaseki bags Fiscal Policy and Transparency Star of the Year award

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BENIN CITY – The Edo State Governor, Mr. Godwin Obaseki, has received the Fiscal Policy and Transparency Star of the Year award, following his administration’s reforms in management of scarce state resources and implementation of policy actions to promote transparency and accountability in governance. The award was received by the representative of the governor and […]

Nigerian govt not fiscally transparent, says U.S.

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The U.S. has classified the Nigerian government among those that are not fiscally transparent. The classification, contained in a report released Thursday by the U.S Department Of State, means Nigeria’s budgeting process, including its contracting and licensing processes in the extractive industry, did not meet the standards required of the American government. The report, called […]

Fiscal Transparency: 24 states get N43.4bn World Bank performance grants

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The federal government says it has disbursed N43.42 billion (about $120.6 million) to 24 eligible states based on their achievements under the performance-based grant component of the World Bank-assisted States Fiscal Transparency, Accountability and Sustainability (SFTAS) programme in 2018. The 24 benefiting states who met the eligibility criteria are Abia, Adamawa, Bauchi, Benue, Delta, Edo, […]

FG Launches Financial Transparency Policy Portal

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The Federal Government, in its effort at deepening accountability in the public sector, recently launched the Financial Transparency Policy & Portal in Abuja. The Minister of Finance, Budget and National Planning, Mrs. Zainab Ahmed, speaking at the event,  said the launch marked a turning point in the government’s effort at promoting accountability in public financial […]

Nigeria Fails US Fiscal Transparency Assessment in 2019 Report

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The United States has described Nigeria as one of the countries lacking fiscal transparency. A report released last Thursday by the US Department of State, said Nigeria’s budgeting process, including its contracting and licensing processes in the extractive industry, did not meet the standards required of the American government. The report, called the 2019 Fiscal […]

You are a suspect if you fail to make public all COVID-19 Fund transactions – AGF to MDAs

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…Vow to publish names of MDAs who contravenes guidelines … Culprits will be prosecuted – ICPC assures The Accountant General of the Federation (AGF), Ahmed Idris has informed all participating Ministry and Department Agencies (MDAs) that failure to publish a timely report of COVID-19 activities as provided in the framework for the management of funds […]