Nigeria: Govt Appoints Firms to Audit States' Utilisation of Bailout Funds

10 January 2017

Six months after the federal government provided about N510 billion to states to enable them meet their financial obligations, private accounting firms have been hired to monitor the expenses.

The federal government, in a statement by the Salisu Danbatta, a director in the finance ministry, said the audit firms will "monitor and evaluate the implementation of the 22-point Fiscal Sustainability Plan, FSP, which specified the conditions under which 35 State Governments in June 2016 started accessing the N510 billion budget support facility (BSF)."

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