• Home
  • Anti-Corruption
  • Fact-Check
  • Economy
  • National
    • Government
  • Security
  • Features
  • State
  • Event
    • PR Nigeria Award
  • E-Paper
Search
  • Home
  • About
  • Adverts
  • Contact
Sign in
Welcome! Log into your account
Forgot your password? Get help
Password recovery
Recover your password
A password will be e-mailed to you.
PRNIGERIA PRNigeria News
PRNIGERIA PRNIGERIA
  • Home
  • Anti-Corruption
    • Chinese nationals jailed in Lagos

      Court Jails Nine Chinese Nationals for Cybercrime in Lagos

      ASUU

      Tackle Corruption, Institutional Decay – ASUU Charges FG

      EFCC Arraigns Bauchi Accountant General Over N8bn Fraud as Court Sentences…

      PRNigeria logo fearured image

      EFCC Arraigns Ex-Convict, Other for Naira Abuse in Lagos

      EFCC Arrests 37 Suspected Internet Fraudsters in Ilorin

  • Fact-Check
  • Economy
    • Customs Diplomacy: Nigeria, Saudi Arabia Ink Mutual Assistance Deal

      Comptroller General Nigerian Customs Bashir Adewale

      Nigeria, Belarus Forge Alliance to Combat Smuggling, Facilitate Trade

      President Bola Ahmed Tinubu and CG Customs, Bashir Adewale Adeniyi

      Tinubu Hails Customs Boss Wale Adeniyi on Historic Election as WCO…

      WTO Lauds Nigeria Customs for Embracing Global Trade Standards

      Nigeria, Rwanda Sign Landmark Tax Treaty to Boost Cross-Border Investment

  • National
    • NELFUND

      NELFUND Warns Students Against Fake Loan Application Portal

      Chief of Defence Staff (CDS), General Christopher Gwabin Musa, National Security Adviser (NSA), Mallam Nuhu Ribadu, and the Major General Olufemi Olatubosun Oluyede,

      Security Watchdog Hails NSA, Military for Anti-Terrorism Successes

      IGP Kayode Egbetokun Police Boss

      IGP Egbetokun: Leading the Charge for a Safer Nigeria By Danjuma…

      Police Officer

      Police Rescue 29 Captives, Arrest 3 Suspects in Kogi, Lagos, Katsina

      NDLEA arrests ex-footballer for drug trafficking

      NDLEA Arrest Ex-Nigerian Footballer, 72-Year-Old Grandma, Others Over Illicit Drugs Trafficking

    • Government
      • Tinubu Seeks Visa Waivers, Scholarships as Nigeria Establishes Diplomatic Ties with…

        Malam Yusuf Abubakar Dingyadi

        Dingyadi, PDP Chair’s Vocal Spokesperson, Resigns

        Ambassador Yusuf Maitama Tuggar

        Ambassador Tuggar’s Doctrine of Calm in a World on Fire By…

        A brief travelogue by Fredrick Nwabufo

        Mrs. Didi Esther Walson-Jack

        18 Workers, Two MDAs Honoured as Federal Civil Service Week Ends

  • Security
    • Police Officer

      Kano Police Confirm Death of Armed Robber After Foiled Attack on…

      Nigerian Navy Personnel

      Navy Arrests Suspected Militant, Recovers Machine Gun in Bayelsa

      Police Nab Two for Cement Diversion Across Four States

      Chief of Defence Staff (CDS), General Christopher Gwabin Musa, National Security Adviser (NSA), Mallam Nuhu Ribadu, and the Major General Olufemi Olatubosun Oluyede,

      Security Watchdog Hails NSA, Military for Anti-Terrorism Successes

      IGP Kayode Egbetokun Police Boss

      IGP Egbetokun: Leading the Charge for a Safer Nigeria By Danjuma…

  • Features
    • IGP Kayode Egbetokun Police Boss

      IGP Egbetokun: Leading the Charge for a Safer Nigeria By Danjuma…

      NDLEA Logo

      Drug Culture in Nigerian Music: When Art Imitates Harm By Arafat…

      Ambassador Yusuf Maitama Tuggar

      Ambassador Tuggar’s Doctrine of Calm in a World on Fire By…

      A brief travelogue by Fredrick Nwabufo

      WTO Lauds Nigeria Customs for Embracing Global Trade Standards

  • State
    • Police Officer

      Kano Police Confirm Death of Armed Robber After Foiled Attack on…

      Nigerian Navy Personnel

      Navy Arrests Suspected Militant, Recovers Machine Gun in Bayelsa

      Tinubu Seeks Visa Waivers, Scholarships as Nigeria Establishes Diplomatic Ties with…

      Plateau Delegation Visits Zaria Over Mangu Killings

      Anambra Police Arrest Man for Masterminding Friend’s Abduction, Collection of N5.3m…

  • Event
    • NELFUND

      NELFUND Warns Students Against Fake Loan Application Portal

      EFCC Witness: Yahaya Bello Had No Property Dealings With EFAB

      Hon. Rukayat Motunrayo Shittu (RMS), with PRNigeria Ladies in PR I'm Abuja

      Rukayat Shittu Set to Publish Inspirational Book “Cracking the Glass Ceiling”,…

      Chief Cornelius Olatunji Adebayo

      Former Kwara Governor, Chief Adebayo, Dies at 84

      Managing Editor of Image Merchants, Mr Abdulrahman Abdulraheem, PR Expert, Celestine Achi and the Editor-in-chief, Yushau Shuaib presenting the book to PRNigeria center

      PRNigeria Commends New Book on Artificial Intelligence in Public Relations

    • PR Nigeria Award
  • E-Paper
Home National Governors Meet on Fiscal Sustainability Plan- NGFS
  • National
  • State

Governors Meet on Fiscal Sustainability Plan- NGFS

By
Abulrazque B. Barkindo
-
September 10, 2017
Ahead of its forthcoming NGF conference on fiscal sustainability scheduled to hold in November 2017, the Nigeria Governors’ Forum Secretariat, NGFS, has disclosed that state governors’ contribution to the nation’s economic recovery has been tremendous.
Thanks to governors and their reforms at the sub-national level, there is a 69% success in Public Expenditure Reforms being implemented by governments at the sub-national level. This, economists say, may have contributed immensely to the quick turnaround of the national economy which wriggled itself out of recession much faster than the public had expected.
The disclosure was made in a presentation by an Economist at the NGFS Mr. David Nabena when the FSP technical committee met at the Federal Ministry of Finance in Abuja.
The FSP committee comprises of officials of the Nigeria Governors’ Forum and the Federal Ministry of Finance.
The Fiscal Sustainability Plan, the framework for the sustenance of state governments in Nigeria, which is a product of an agreement between federal and state governments, has been hailed as a strategic game-changer for fiscal governance at the state level. The FSP seeks to improve transparency and accountability, increase public revenue, rationalize public expenditure, improve public finance management and facilitate sustainable debt management.
The meeting was to review the 22 core action points of the FSP from its last workshop held in April.
According to the NGFS findings, “the action point with the highest percentage of implementation is that of Public Expenditure Reform, which recorded 69% success, the NGFS Economist, Nabena disclosed. Several economists have argued that since most economic activities take place in the states, they might have indirectly assisted the economic recovery that the nation is now celebrating.
However, Nabena still believes more can be done by states to get the country out of the doldrums. Others with encouraging results according to him were public revenue reforms 63% and 54% for debt management reforms.
These are laudable goals, according to many economists, but above all it shares a very special affinity with the Open Government Partnership OGP which carries with it huge financial relief for governments that are able to meet its conditions.
A consultant at the Kaduna Business School concludes that the first point to note is that states are in dire financial straits today because of poor management of fiscal and other resources that occurred in the years preceding the report. Funds meant for development have been stolen outright and laws and policies, where they exist, have been ignored. In some states, there is an absence of good fiscal laws, according to the findings.
Nabena noted that the purpose of the meeting was to share findings of the 22 core action points of the FSP from the workshop held in April, as well as acquaint the ministry of the plans of the NGF Secretariat going forward.
During his presentation, Nabena noted that around 15 out of the 22 action points of the FSP have been implemented by most States, stating however that, this finding was contained in the states’ self-assessment reports.
He also highlighted the actions with the weakest implementation status, among which Nabena lamented were those targeted at accountability and transparency. Even here, Nabena explained, there is light at the end of the tunnel because there is a 44% success in implementation despite the fact that many states find the adoption of IPSAS cumbersome, expensive and challenging.
In conclusion, the NGF Economist regretted that the picture is not all rosy for governance at the subnational level. In many states that work was conducted Nabena stated that there is no consolidated debt service account or sinking fund, 9 states do not have an active and functional website, seven states have not yet concluded their biometric staff audit, and up to 31 states have recorded success in the internal audit of their accounts. “Only sixteen states” Nabena added, “have an efficiency unit.”
Responding, the Director, Home Finance at the Finance Ministry Mrs. Olubunmi Siyanbola congratulated the Forum for the brilliant and thorough work that they had done and also added that the figures given by the Forum is not far from that of the Consultants they deployed for the same reason.
Olubunmi Siyanbola also disclosed that 6 Consultants have been sent to the different geo-political zones to make a report on the activities of the states around the 22 action points of the FSP and their success stories so far.
She added that the way forward will be determined when all the consultants are back from the field with the complete report.
However, at a glance, the consultants recorded a 42% level of implementation across the 36 states, other percentages are 60% for Public expenditure reforms as against 69% from the NGF, 56% for PFM which is the same with what the Forum recorded and 35% level of implementation for public debt as against 54% recorded by the NGF.
Abulrazque B. barkindo
Head, media & public affairs
Nigeria Governors’ Forum Secretariat
VISIT OUR OTHER WEBSITES
PRNigeria.com EconomicConfidential.com PRNigeria.com/Hausa/
EmergencyDigest.com PoliticsDigest.ng TechDigest.ng
HealthDigest.ng SpokesPersonsdigest.com TeensDigest.ng
ArewaAgenda.com Hausa.ArewaAgenda.com YAShuaib.com
  • TAGS
  • IPSAS
  • NGF
  • Open Government Partnership
Previous articleAnambra Elections: YIAGA Urges Observers to Respect Rules
Next articleBoko Haram: Wounded Chibok boy Flies to Dubai for Treatment
Abulrazque B. Barkindo
Abulrazque B. Barkindo

RELATED ARTICLESMORE FROM AUTHOR

NELFUND

NELFUND Warns Students Against Fake Loan Application Portal

Police Officer

Kano Police Confirm Death of Armed Robber After Foiled Attack on Household

Nigerian Navy Personnel

Navy Arrests Suspected Militant, Recovers Machine Gun in Bayelsa

Tinubu Seeks Visa Waivers, Scholarships as Nigeria Establishes Diplomatic Ties with Saint Lucia, OECS

Chief of Defence Staff (CDS), General Christopher Gwabin Musa, National Security Adviser (NSA), Mallam Nuhu Ribadu, and the Major General Olufemi Olatubosun Oluyede,

Security Watchdog Hails NSA, Military for Anti-Terrorism Successes

IGP Kayode Egbetokun Police Boss

IGP Egbetokun: Leading the Charge for a Safer Nigeria By Danjuma S. Musa

Police Officer

Police Rescue 29 Captives, Arrest 3 Suspects in Kogi, Lagos, Katsina

Plateau Delegation Visits Zaria Over Mangu Killings

Anambra Police Arrest Man for Masterminding Friend’s Abduction, Collection of N5.3m Ransom

Police Officer

FCT Police Arrest Notorious Robbery, Kidnapping Kingpin in Abuja

Military Troops during operations

No Place for Drugs in the Barracks — Army Commander Declares

Delta police warn against indecent dressing, roll out punishments for offenders

LEAVE A REPLY Cancel reply

Log in to leave a comment

Recent Posts

  • NELFUND Warns Students Against Fake Loan Application Portal
  • Kano Police Confirm Death of Armed Robber After Foiled Attack on Household
  • Navy Arrests Suspected Militant, Recovers Machine Gun in Bayelsa
  • Tinubu Seeks Visa Waivers, Scholarships as Nigeria Establishes Diplomatic Ties with Saint Lucia, OECS
  • Police Nab Two for Cement Diversion Across Four States
  • Home
  • About
  • Adverts
  • Contact
© 2020 PRNigeria. All Rights Reserved.
Latest News
NELFUND Warns Students Against Fake Loan Application PortalKano Police Confirm Death of Armed Robber After Foiled Attack on HouseholdNavy Arrests Suspected Militant, Recovers Machine Gun in BayelsaTinubu Seeks Visa Waivers, Scholarships as Nigeria Establishes Diplomatic Ties with Saint Lucia, OECSPolice Nab Two for Cement Diversion Across Four StatesFACT-CHECK: Are Travelers in Kogi Under Attack by Armed Fulani Herdsmen?FACT-CHECK: Did Borno Governor Zulum's Wife Lift Primary School Mate Out of Poverty in Viral Video?Fact-Check: Did Saudi 'Sleeping Prince' Wake Up After 20 Years in a Coma?Fact Check: Does Rat Faeces Cure Appendicitis as Claimed in Viral Video?Security Watchdog Hails NSA, Military for Anti-Terrorism SuccessesIGP Egbetokun: Leading the Charge for a Safer Nigeria By Danjuma S. MusaISWAP Terrorists Eliminated While Planting IEDs on Borno HighwayFG Officials Arrives S'Arabia for Business Mogul Aminu Dantata’s Burial in MadinahPolice Rescue 29 Captives, Arrest 3 Suspects in Kogi, Lagos, KatsinaCustoms Diplomacy: Nigeria, Saudi Arabia Ink Mutual Assistance Deal
X whatsapp