States have urged Federal Government to increase the Performance for Results grant from the current $750m to $1.5m to enable them to consolidate the fiscal reforms and ensure programme sustainability.
Also at the States’ Fiscal Transparency Accountability and Sustainability (SFTAS) Programme for Results meeting in Abuja, on Thursday, Director General of the Debt Management Office (DMO), Ms Patience Oniha, announced that half of all states achieved debt-to-revenue ratios below the debt sustainability threshold set by the Federal Government for both 2018 and 2019.
At the meeting, Federal Government urged the states to deepen fiscal transparency and accountability in the public financial…
Source: Nigerian Tribune
