States to get $700m for public finance management reforms

President Muhammadu Buhari on Tuesday said the Federal Government would release $700m to states to improve the level of governance and public finance management. He said this at the annual conference of Auditors-General of Nigeria. The conference with theme “Nigeria’s drive towards the achievement of Sustainable Development Goals: The strategic roles of Auditors-General” was attended by Auditors-General from the 36 states of the federation. The amount is expected to come as a grant from the World Bank based on the ability of state governments to effectively implement the Fiscal Sustainability Programme. One of the objectives of the programme is to ensure the long term viability of states through implementation of sound financial management reforms. Read More