Sokoto State government has bagged three awards of excellence from the World Bank sequel to the diligent implementation of World Bank-assisted States Fiscal Transparency, Accountability and Sustainability Project (SFTAS).
Acting Commissioner for Finance in the state, Dr Mohammed Inname, disclosed this to newsmen on Thursday in Abuja, according to the News Agency of Nigeria (NAN).
Inname said that SFTAS was being run by the World Bank for the past four to five years in the 36 states and the FCT.
He said: “It is aimed at strengthening the financial and accountability systems in the states and the Federal Capital Territory (FCT).
“The project ends by the end of this year and the states that have performed well were rewarded with awards.”
Inname said that the 2022 edition of the awards was held on Monday, November 14, at the Transcorp Hilton, Abuja.
According to Inname, who is also the state Commissioner for Health, the state was able to perform wonderfully in all the three categories.
“The bank has been rigorously assessing the states on some key Direct Link Indicators (DLIs). They are indicators that have been identified and assessed from time to time,” he said.
Inname added that one of the awards was on domestic resource mobilisation or domestic revenues mobilisation.
He said, “we have rebranded and restructured the state Internal Revenue Board Service.
“The board has been appointed, with an Executive Chairman and they were given full autonomy to mobilise and generate revenues.
He said that the indicators were parameters that were being tracked and assessed, saying they include debt management and ensuring a level of transparency.
Inname added that the budget of the state has been online and people can access it globally.
“Similarly, all the expenditures of the state were on the website of the ministry on ‘sokotostate.gov.ng‘; they are open for the world to see.
Inname, among other impacts of the awards, said that it was the strengthening of the financial systems in the state.
He said “we have put up structures in the ministry and the BIR to be able to financially sustain the state and make it very healthy to develop.”
Inname congratulated Governor Aminu Tambuwal and appreciated his unrelenting support to the ministry for it to achieve the enviable feat.
He also lauded his team in the ministry for their sustained support and cooperation and dedicated the awards to them.
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