States Fiscal Transparency, Accountability and Sustainability PforR (WB-P162009)

Countries
  • Nigeria
Where the impacts of the investment may be experienced.
Financial Institutions
  • World Bank (WB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Active
Bank Risk Rating
C
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Voting Date
Jun 27, 2018
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower
FEDERAL REPUBLIC OF NIGERIA
The holder of the loan, grant, or other investment.
Sectors
  • Finance
The service or industry focus of the investment. A project can have several sectors.
Investment Amount (USD)
$ 750.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Project Cost (USD)
$ 750.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Primary Source

Original disclosure @ WB website

Updated in EWS Sep 13, 2018

Disclosed by Bank Jun 21, 2017


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Project Description

The development objective of the States Fiscal Transparency, Accountability, and Sustainability - Program-for-Results (PforR) Project for Nigeria is to strengthen the fiscal transparency, accountability, and sustainability in the participating states. The program is a hybrid with two components of activities that support Nigerian states to achieve the key result areas of the program: (1) a performance-based financing component for state governments, which will be implemented as a PforR; and (2) a technical assistance (TA) component for states and selected national-level institutions, which will be implemented as an investment project financing (IPF). The program will support the full and sustained implementation of a strategic subset of reforms from the FSP and the open government partnership (OGP) commitments that are implemented at the state-level. The PforR will cover the fiscal performance of states over four fiscal years: 2018-2021. The program will provide performance-based financing on an annual basis to states which have been verified through the annual performance assessments (APA) as having: (1) complied with the annual eligibility criteria; and (2) achieved the annual disbursement linked results (DLRs).

Investment Description
  • World Bank (WB)
Contact Information
Federal Ministry of Finance
Contact
:
Mr. Aliyu Ahmed
Title: Director, International Economic Relation Department
Tel: +2358055231816
Email: aliyu.ahmed@finance.gov.ng

ACCOUNTABILITY MECHANISM OF WORLD BANK

The World Bank Inspection Panel is the independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by a World Bank-financed project. If you submit a complaint to the Inspection Panel, they may investigate to assess whether the World Bank is following its own policies and procedures for preventing harm to people or the environment. You can contact the Inspection Panel or submit a complaint by emailing ipanel@worldbank.org. You can learn more about the Inspection Panel and how to file a complaint at: http://ewebapps.worldbank.org/apps/ip/Pages/Home.aspx.