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SMEs, Power, Environmental Sustainability and Economic Growth in Nigeria
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FG borrowed N1 3tn in four years to subsidise power consumers, firms – W Bank
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FG borrowed N1 3tn in four years to subsidise power consumers, firms – World Bank
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By Emmanuel Oloniruha
Abuja, May 20, 2021 The Nigeria Governorsâ Forum (NGF) has resolved to put the necessary legal frameworks and institutions in place for States Fiscal Transparency Accountability, and Sustainability (SFTAS).
SFTAS is a World Bank support and intervention designed to support Nigerian states implement a Fiscal Sustainability Plan.
The forum said this in a communiqué issued on Wednesday night after its 30th teleconference.
It also agreed on the need for states to meet their SFTAS obligations.
It noted that the governors at the meeting received presentations from the World Bank team led by the Country Director for Nigeria, Shubham Chaudhuri, on the Nigeria Covid-19 Action Recovery and Economic Stimulus â Programme for Results (Nigeria CARES) and SFTAS.