November 29, 2022

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FGN seeks CSOs partnership on sustaining fiscal reforms 


 

The Federal Authorities of Nigeria has sought the partnership of Civil Society Organisations throughout the nation on sustaining fiscal reforms initiated below the $1.5 billion World Financial institution-Assisted States Fiscal Transparency Accountability and Sustainability (SFTAS) Programme for outcomes which seeks to deepen fiscal transparency and accountability in Public Monetary Administration (PFM) system as a manner of enhancing good fiscal governance at sub-national stage.

Based on a press release signed by the SFTAS Programme Communication Specialist, Mr. Ibrahim Mohammed, the SFTAS Nationwide Programme Coordinator, Federal Ministry of Finance, Finances and Nationwide Planning, Mr. Stephen Okon made this name throughout a sensitization workshop organized for Civil Society Organizations (CSOs) which held weekend in Lagos.

Mr. Okon defined that as a part of its methods to make sure the sustainability of fiscal reforms at sub-national stage, the SFTAS Programme Coordination Unit (PCU) was participating stakeholders on the demand aspect just like the CSOs who can be certain that fiscal transparency and accountability are sustained in state PFM actions.

He additional disclosed that the goals of the workshop had been to deepen the understanding of CSOs on the most important programme components of the SFTAS Programme for outcomes; improve programme visibility and buy-in; create and maintain mutual traces of communication, contact and understanding between the PCU and the CSOs; improve group mobilization for programme beliefs’ sustainability; and engender possession and participation by CSOs post-SFTAS.

“At this juncture, I want to stress that this programme now in its fourth and last 12 months of implementation must be sustained if the complete beliefs are to be realized. I due to this fact name on CSOs and the media to proceed to advertise these beliefs and take full possession of the programme past its life span”.

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“A few of these beliefs already entrenched within the States’ PFM system embody on-line publication of authorized Residents’ finances, Audited Monetary Statements, improved procurement practices for elevated transparency and worth for cash; strengthened public debt administration and monetary accountability framework; improved clearance/discount of inventory of home expenditure arrears; and improved debt sustainability”.

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