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 […]

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 […]

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, […]

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 […]

In our recent assessment of the revised budget benchmark oil price and cut to expenditure by the Minister of Finance (Published 27 March, see report: Fiscal Position Getting Critical), we concluded that for the FG to finance a large chunk of the deficit and implement required stimulus, a massive bailout funds from both IMF and […]

Introduction The rapid spread of Coronavirus and the resulting high fatality rate due to absence of a vaccine and cure have created a global health emergency never seen in generations. COVID-19, the disease caused by Coronavirus, has been classified as a pandemic by the World Health Organization (WHO). It is now both a public health […]

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 […]

…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 […]