The Ebonyi State Government shone like a million stars in an award ceremony packaged by the World Bank and her partners in the country Monday. The award held in Transcorp Hilton, Abuja saw the Governors of Ebonyi State, Edo State, Jigawa state, Sokoto State and Kebbi State in attendance, a former Governor of Ekiti State was also there.
Explaining the awards, Minister of Finance Zainab Ahmed noted that the awards were for fiscal responsibility, transparency in managing public funds and responsible debt management
The World Bank had designed the State Fiscal Transparency, Accountability and Sustainability (SFTAs) as a support and intervention programme for states to implement a fiscal and sustainability plan. It is the evaluation of the implementation of the SFTAs that led to the awards.
In the Excellence award given to the top 10% among the states, Ebonyi also came tops in the efficiency in Public Expenditure category. The state was also judged very good in Domestic Revenue Mobilization, very good in Debt sustainability and improvement in the overall template of SFTAs.
Receiving the Five awards, an elated Governor Umahi noted that the state had a well thought out Fiscal plan with an appropriate implementation framework that has aided very high budget performances. He stated that the state also made sure the debt repayment plans are followed judiciously thereby achieving a consistent rating of the state as the least indebted in the South east and the fourth least indebted in the country.
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