Posted January 11, 2017 5:36 am by Comments

The Federal Government has appointed eight accounting firms to monitor and evaluate the implementation of the 22-point Fiscal Sustainability Plan (FSP) which specified the conditions under which 35 state governments in June last year started accessing the N510 billion Budget Support Facility (BSF).

A statement from the Federal Ministry of Finance yesterday explained that the BSF, a 12-month standby loan facility, was designed to bring immediate financial relief to state governments and enable them meet their financial obligations with a monthly N50billion in the first three months and N40billion for the remaining nine months to the states.

The post Govt hires firms to monitor N510b budget facility appeared first on The Nation Nigeria.

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