Implementation of the Fiscal Sustainability Plan in Nigeria

The Federal Government of Nigeria developed this plan to assist the states that were overwhelmed by debts. Several States in 2016 accessed the N90 billion bailout and subsequent credit facilities from the Federal Government. The plan is attached to certain implementation conditions and seeks to guide states to a more sustainable fiscal management of their resources and to introduce greater transparency and accountability in the fiscal process.

The research assesses to what degrees these states have fulfilled the strategic objectives and the twenty-two action points attached to the FSP. The study equally examined the effect the potential fulfilment of these conditions has in establishing a systematic and sustainable impact for a transparent and responsible budget management in the states.

A report with the findings and recommendations was launched in Abuja. The documented findings are in the public domain for citizens’ consumption. It is expected to improve accountability, perception of state institutions and citizens’ participation in the process.