Due to audit deficiencies and delays in launching a national budget portal, the federal government is poised to forfeit a $10 million loan from the World Bank.
Moreover, the forfeiture is occurring in the context of a sluggish implementation of the revenue assurance system
Results from the document acquired by demonstrated that the fund is included in the $103 million fiscal governance and institutions project (FGIP).
The FGIP is an initiative in public financial management that is funded via a credit facility from the International Development Association, which is part of the World Bank’s lending operations.
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