Cross River State Government says the implementation of its 2021 budget will be assisted by the $20.4million recently secured in grants from the World Bank funded SFTAS programme of the Federal Government of Nigeria
SFTAS is State’s Fiscal Transparency, Accountability and Sustainability, a product of mutual agreement between the Federal Government of Nigeria and the World Bank designed to strengthen the fiscal transparency, accountability, and sustainability in Nigerian states as a way of improving their revenue base and increasing fiscal efficiency in public expenditure and reducing debt overhang.
Asuquo Ekpeyong Jnr, the commissioner for finance in Cross River State, made the disclosure in a press briefing on Friday, January 15, 2021, in Calabar organized to announce the achievement of the state government in SFTAS.
He disclosed “that Cross River State government has achieved a total of $20.4milliom in grant from the World Bank funded SFTAS programme of the Federal Government of Nigeria.”
Source: The Nation
