Jigawa secures 13.5 billion naira from the World Bank’s $750 million loan

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Jigawa state finance commissioner Ibrahim Umar said the state had secured a 13.5 billion naira grant from the $750 million World Bank loan made available to the federal government for state governments through the State Fiscal Transparency, Accountability and Sustainability Program.

Umar revealed this while speaking to reporters on the implementation of the Federal Government’s SFTAS program supported by the World Bank.

According to the Commissioner, Jigawa State has performed well under the SFTAS scheme and has benefited from a N13.5 billion grant so far in the 2018 and 2019 assessments.

He added that the 2020 assessment would be on February 26 this year, while the 2021 assessment would be in June.

Jigawa State Governor Mohammed Badaru attributed the state’s low debt stock to fiscal discipline, transparency and accountability in the use of resources.

The governor said his administration decided not to borrow but to cover leaks and increase internally generated revenue.

“We have the lowest debt profile in the whole country. We don’t borrow. We are trying to maintain the sustainability of the country,” he said.

Badaru said that the SFTAS program has further helped the state to enthrone a fiscally transparent, accountable and sustainable governance structure.

National Program Coordinator, SFTAS, Federal Ministry of Finance, Budget and National Planning, Mr. Stephen Okon, described Jigawa as one of the top three states in the implementation of the SFTAS program.

Okon, who was represented by the Deputy National Coordinator, SFTAS, Mr. Ali Mohammed, said that before the introduction of the program, the Badaru administration launched a number of programs which enshrine fiscal discipline.

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