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Oyo, 23 Other States Receive N43.4 Billion Grant From FG

by InsideOyo
April 29, 2020
in Political News
0
Oyo SPN Fires Makinde Over N22.5bn Loan, Says Governor Has Now Borrowed Over N40Bn In Less Than A Year
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The Federal Government said it has disbursed N43.4 billion as performance-based grants to Oyo and 23 other eligible states.
Minister of Finance, Budget and National Planning, Mrs Zainab Shamsuna Ahmed disclosed this on Wednesday.
In a statement signed by ministry’s Director of Press and Public Relations, Mr Hassan Dodo, the Minister explained that the disbursement followed the participation of the eligible states in the recent Annual Performance Assessment (APA) carried out by the Office of the Auditor-General for the Federation (OAuGF) as the Independent Verification Agent (IVA) in collaboration with a third-party firm, JK Consulting Limited and the SFTAS Programme Coordination Unit (PCU).
Out of the 24 states, Kaduna emerged as the highest beneficiary with N3,960,000,000.00, while Katsina and Benue got the lowest amount of N540,000,000.00 each.
Other beneficiary states are Abia, Adamawa, Bauchi, Benue, Delta, Edo, Ekiti, Enugu, Gombe, Jigawa, Kaduna, Kano, Katsina, Kebbi, Kogi, Kwara, Niger, Ondo, Ogun, Osun, Sokoto, Taraba and Yobe States.
The 12 that missed out on the 2018 grants are Akwa Ibom, Anambra, Bayelsa, Borno, Cross River, Ebonyi, Imo, Lagos, Nasarawa, Plateau, Rivers and Zamfara states, the statement stated while adding that they can participate in 2019, 2020 and 2021 respective performance years by meeting the EC and DLIs in the said years.
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Tags: Accountability and Sustainabilityoyo state newsSFTAS programmeStates Fiscal TransparencyZainab Shamsuna Ahmed
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InsideOyo is an independent news medium for up-to-date events and happenings within and around Oyo state, Nigeria.

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