Nigeria's Subnational Fiscal Reform Supported by World Bank Boosts Financial Governance
The article discusses Nigeria's Subnational Fiscal Transparency, Accountability, and Sustainability (SFTAS) program, implemented from 2018 to 2022 with World Bank support. The program focused on improving public financial management in Nigerian states, emphasizing fiscal transparency, domestic revenue mobilization, efficient public expenditure, and debt management.
By meeting specific milestones, states received grants totaling $159.9 million, showcasing improved financial governance. The program aimed to instill good practices and foster healthy competition among states beyond its duration.
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