program, state Governors assembled in Abuja to celebrate the success of the 4-year project which has come to an end . The program focuses on strengthening the fiscal conditions of Nigerian states and explores ways to domesticate best practices in planning, budgeting, accounting, and reporting government finances and expenditures.
The other expectation from the project, which is to reduce the opportunities for corruption and misuse of public resources, “thereby increasing the efficiency of public expenditures,” cannot be categorically said to have been achieved given the nation’s perennial struggle with corruption at national and subnational levels.
You may want to recall that an order of the Federal High Court sitting in Abuja has, in 2021, compelled the federal government to pay the Niger Delta states who are beneficiaries of the 13% oil derivative these arrears in “sixty equal months installments”. It is therefore pleasing that the government in compliance with the judgment has begun the payment to the nine concerned states.
It is against this backdrop that the performance of the 36 states in the 2022 Transparency and Integrity Index , an Index developed by the Center for Fiscal Transparency and Integrity Watch has plummeted. In the assessment, only nine states scored above average, with Ekiti scoring the highest and emerging top at 58.74%, while the least performing state in the year’s Index is Ogun with a cumulative score of 21.25%.
Source: News Formal (newsformal.com)
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