Katsina gets N1.7bn from World Bank for passing transparency, accountability test
Katsina State has joined other 29 states of the Federation in accessing a grant of over N1.7bn from World Bank for passing transparency and accountability test.
The total amount of the money up for grab is N123.348 billion and Rivers, Zamfara, Bayelsa and Imo states did not get a kobo from it, Katsina Post learned.
Sokoto got the highest grant of N8.4 billion because it led others in meeting the criteria for the grant while Kano got the least among the winners with a grant of N1.7 billion.
The remaining 30 states shared N113.2 billion based on their performance. It means each of them got more than N1.7 bn.
“Bayelsa, Imo, Rivers and Zamfara 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,” a statement from the Ministry of Finance, Budget and National Planning said.
Recall that the federal government on Wednesday announced the disbursement of another round of performance-based grants to states totalling N123.348 billion ($324.6 million) under its States Fiscal Transparency Accountability and Sustainability (SFTAS) Programme for Results.
The Minister of Finance, Budget and National Planning, Mrs Zainab Shamsuna Ahmed, who disclosed this in the statement signed by Hassan Dodo, the ministry’s Director of Press and Public Relations on Wednesday in Abuja, explained that the disbursement followed the achievement of results by the states in the just concluded 2019 Annual Performance Assessment (APA).