THE FISCAL GOVERNANCE AND INSTITUTIONS PROJECT

Abstract*

The development objective of Fiscal Governance and Institutions Project for Nigeria is to improve the credibility of public finance and national statistics. The project consists of the following four components. 1) The first component, Strengthening revenue management, aims at enhancing oversight of revenues accruing to the Federation account; and strengthening revenue analysis and forecasting to help retrieve unremitted revenues and improve revenue... Show More

Development Objective

To improve the credibility of public finance and national statistics.

Key Details

Project Details

Project ID
P163540
Status
Active
Team Leader
Maxwell Dapaah , Deborah Isser, Godstime Eigbiremolen
Borrower 2
Federal Ministry of Finance

Country
Nigeria
Disclosure Date
September 29, 2017
Approval Date
(as of board presentation)
June 27, 2018
Effective Date
May 7, 2019

Total Project Cost 1
US$ 125.00 million
Implementing Agency
Budget Office of the Federation,Office of the Accountant General of the Federation,Office of the Head of the Civil Service of the Federation,Corporate Affairs Commission,Office of the Auditor General of the Federation,National Bureau of Statistics,Bureau of Public Procurement
Region
Western and Central Africa
Fiscal Year 3
2018

Commitment Amount
US$ 125.00 million
Environmental Category
C
Last Update Date
December 6, 2023
Closing Date
June 30, 2025

Consultant Services required
TBD
Last Stage Reached
BANK APPROVED

Notes
1. Total project cost includes funding from World Bank and non-bank sources in US$ millions. Active and Closed projects show current commitments. Proposed (pipeline) and dropped projects show the forecast amount. The commitment amount for projects in the pipeline is indicative and may be modified during the project preparation.
2. Borrower refers to the Borrower of a Loan or Recipient of a Grant.
3. ”Fiscal Year” is the fiscal year in which the project was approved (or dropped if the status is dropped). The World Bank's fiscal year is from July 1 - June 30. For example, a fiscal year of 1996 corresponds to July 1, 1995 - June 30, 1996.

Sectors

Themes

FY17 - Public Sector Management

FY17 - Data Development and Capacity Building26%
- FY17 - Data production, accessibility and use26%
- FY17 - Institutional strengthening and capacity building5%
FY17 - Public Administration51%
- FY17 - E-Government, incl. e-services17%
- FY17 - Public Assets and Investment Management14%
- FY17 - Transparency, Accountability and Good Governance28%
FY17 - Public Finance Management55%
- FY17 - Domestic Revenue Administration31%
- FY17 - Public Expenditure Management28%

Project Map

Interactive Map

Finances

Financing Plan (US$ Millions)

Financier	Commitments
IDA Credit	125.00

Total Project Financing (US$ Millions)

Product Line	IBRD/IDA
IBRD Commitment	N/A
IDA Commitment	125.00
IBRD + IDA Commitment	125.00

Lending Instrument
Grant Amount	N/A
Total Project Cost**	125.00

Summary Status of World Bank Financing (US$ Millions) as of March 31, 2025

No data available.

Detailed Financial Activity as of March 31, 2025

Download:

Period	Financier	Transaction Type	Amount (US$)
Apr 7, 2023	IDA-62880	Loan Disb	501,000.00
Jul 1, 2020	IDA-62880	Int Charges	40,198.79
Jul 1, 2020	IDA-62880	Int Charges	25,060.47
Jul 1, 2020	IDA-62880	Int Charges	1,374.38
Jul 1, 2020	IDA-62880	Int Charges	1,374.38
Jul 1, 2020	IDA-62880	Int Charges	2,290.65
Jul 1, 2020	IDA-62880	Int Charges	25,060.47
May 19, 2020	IDA-62880	Loan Disb	500,000.00
May 18, 2021	IDA-62880	Loan Disb	500,000.00
Jan 1, 2021	IDA-62880	Int Charges	1,640.68
Jan 1, 2021	IDA-62880	Int Charges	30,080.76
Jan 1, 2021	IDA-62880	Int Charges	30,080.76
Jan 1, 2021	IDA-62880	Int Charges	48,507.42
Jul 29, 2020	IDA-62880	Loan Disb	200,000.00
Jul 1, 2021	IDA-62880	Int Charges	1,608.68
Jul 1, 2021	IDA-62880	Int Charges	31,228.02
Jul 1, 2021	IDA-62880	Int Charges	31,228.02
Apr 16, 2021	IDA-62880	Loan Disb	250,000.00
Jun 18, 2021	IDA-62880	Loan Disb	2,000,000.00
Mar 7, 2022	IDA-62880	Loan Disb	10,000,000.00
Jul 1, 2021	IDA-62880	Int Charges	50,126.11
Dec 20, 2019	IDA-62880	Loan Disb	6,000,000.00
Mar 26, 2020	IDA-62880	Loan Disb	500,000.00
Mar 12, 2020	IDA-62880	Loan Disb	500,000.00
Jun 27, 2018	IDA-62880	Loan Commitment	125,000,000.00
Jan 30, 2024	IDA-62880	Int Charges	158,391.34
Jan 30, 2024	IDA-62880	Int Charges	158,391.34
Jan 30, 2024	IDA-62880	Int Charges	226,044.69
Jul 10, 2024	IDA-62880	Int Charges	37,659.94
Jul 10, 2024	IDA-62880	Loan Repay	1,895,247.60
Jul 10, 2024	IDA-62880	Int Charges	1,131.35
Jul 10, 2024	IDA-62880	Int Charges	1,131.35
Jul 10, 2024	IDA-62880	Int Charges	1,885.60
Jul 10, 2024	IDA-62880	Int Charges	189,394.45
Jul 10, 2024	IDA-62880	Int Charges	189,394.45
Jul 10, 2024	IDA-62880	Int Charges	275,456.97
May 3, 2024	IDA-62880	Loan Disb	258,562.98
Jun 24, 2024	IDA-62880	Loan Cancel	21,853,800.00
May 14, 2024	IDA-62880	Loan Disb	11,000,000.00
Apr 7, 2023	IDA-62880	Loan Disb	495,000.00
Apr 7, 2023	IDA-62880	Loan Disb	500,000.00
Oct 24, 2022	IDA-62880	Loan Disb	2,000,000.00
Mar 20, 2023	IDA-62880	Loan Disb	3,641.74
May 8, 2023	IDA-62880	Loan Disb	1,000,000.00
May 15, 2023	IDA-62880	Loan Disb	116,270.58
Jul 5, 2023	IDA-62880	Int Charges	134,996.61
Jul 5, 2023	IDA-62880	Int Charges	134,996.61
Jul 5, 2023	IDA-62880	Int Charges	224,994.34
Jul 5, 2023	IDA-62880	Int Charges	18,434.07
Jul 5, 2023	IDA-62880	Loan Repay	1,912,387.50
Jun 22, 2023	IDA-62880	Loan Disb	500,000.00
Sep 22, 2023	IDA-62880	Loan Disb	2,000,000.00
Sep 28, 2023	IDA-62880	Loan Disb	1,900,000.00
Sep 15, 2023	IDA-62880	Loan Disb	1,000,000.00
Jan 1, 2024	IDA-62880	Loan Repay	23,029.92
Oct 24, 2023	IDA-62880	Loan Disb	1,000,000.00
Dec 26, 2023	IDA-62880	Loan Disb	3,200,000.00
Oct 4, 2023	IDA-62880	Loan Disb	2,900,000.00
Dec 21, 2023	IDA-62880	Loan Disb	23,680.00
Jun 10, 2024	IDA-62880	Loan Disb	500,000.00
Jan 30, 2024	IDA-62880	Loan Repay	1,886,562.60
Jan 30, 2024	IDA-62880	Int Charges	159.11
Jan 30, 2024	IDA-62880	Int Charges	159.11
Jan 30, 2024	IDA-62880	Int Charges	265.20
Jul 22, 2022	IDA-62880	Loan Disb	3,000,000.00
Mar 7, 2022	IDA-62880	Loan Disb	-9,936,151.00
Jul 13, 2022	IDA-62880	Int Charges	52,973.76
Jul 13, 2022	IDA-62880	Int Charges	52,973.76
Jul 13, 2022	IDA-62880	Int Charges	89,701.65
Jul 1, 2022	IDA-62880	Int Charges	858.79
Jul 1, 2022	IDA-62880	Int Charges	858.79
Jan 1, 2022	IDA-62880	Int Charges	1,887.74
Jan 1, 2022	IDA-62880	Int Charges	39,428.89
Jan 1, 2022	IDA-62880	Int Charges	39,428.89
Jan 1, 2022	IDA-62880	Int Charges	65,714.87
Apr 11, 2022	IDA-62880	Loan Disb	10,000,000.00
Nov 30, 2022	IDA-62880	Loan Disb	6,000,000.00
Jan 24, 2022	IDA-62880	Loan Disb	250,000.00
Jan 1, 2023	IDA-62880	Int Charges	64,825.48
Jan 1, 2023	IDA-62880	Int Charges	27,077.28
Jan 1, 2023	IDA-62880	Int Charges	27,077.28
Jan 1, 2023	IDA-62880	Int Charges	134,756.17
Jan 1, 2023	IDA-62880	Int Charges	64,825.48
Feb 27, 2023	IDA-62880	Loan Disb	458,550.60
Jan 12, 2023	IDA-62880	Loan Disb	349,180.66
May 11, 2023	IDA-62880	Loan Disb	25,092.08
Feb 27, 2023	IDA-62880	Loan Disb	4,457,953.50

Footnotes

Ratings

IMPLEMENTATION RATINGS

Name	Review	Date
Overall Implementation Progress (IP)	Moderately Satisfactory	2024-12-03
Progress towards achievement of PDO	Moderately Satisfactory	2024-12-03
Financial Management	Moderately Satisfactory	2024-12-03
Project Management	Moderately Satisfactory	2024-12-03
Procurement	Moderately Satisfactory	2024-12-03
Monitoring and Evaluation	Moderately Unsatisfactory	2024-12-03

COMPLETION RATINGS

No data available.

INDEPENDENT EVALUATION RATINGS

No data available.

Results Framework

PROJECT DEVELOPMENT OBJECTIVE INDICATORS

INDICATOR		BASELINE	CURRENT	TARGET

Non-oil revenue outturn Value 64.90 111.80 85.00
Date May 4, 2018 September 29, 2023 December 31, 2023
Comment
Capital expenditure execution rate Value 40.60 51.70 65.00
Date May 4, 2018 September 29, 2023 December 31, 2023
Comment
Publication of reconcilied fiscal and economic datasets Value 0.00 6.00 6.00
Date May 4, 2018 September 29, 2023 December 31, 2023
Comment

INTERMEDIATE RESULTS INDICATORS

INDICATOR		BASELINE	CURRENT	TARGET

Enhanced functionality of the financial management information systems (PBC /DLI 3)	Value	GIFMIS payment controls and cash management module	The bottom-up Cash Planning Policy was approved by	Approval of policy for bottom-up cash planning for
	Date	May 4, 2018	September 29, 2023	December 31, 2023
	Comment

Generated and updated statistical datasets (PBC /DLI 7)	Value	No agriculture and business census	NBS has published 6 datasets out of 6 set as targe	Sample censuses on agriculture and business comple
	Date	May 4, 2018	September 29, 2023	December 31, 2023
	Comment

Regular internal and external audit reports completed (PBC /DLI 1)	Value	No external revenue audits; occasional internal au	The last AFS of the FG was produced in FY19. Howe	Revenue assurance audit of Main Income Generating
	Date	May 4, 2018	September 29, 2023	December 31, 2023
	Comment

Enhanced public participation in the budget cycle Value 13.00 26.00 20.00
Date May 4, 2018 June 30, 2023 December 31, 2023
Comment
Gender-disaggregated data on land and business ownership collected and published Value No Yes Yes
Date May 4, 2018 September 29, 2023 December 31, 2023
Comment

Revenue analyses institutionalized at FMFBNP (PBC /DLI 2 )	Value	Occasional and inadequate revenue analysis; weak r	Tax Expenditure Analysis completed and disbursed.	FMFBNP formally sends the draft Tax Codification a
	Date	May 4, 2018	September 29, 2023	December 31, 2023
	Comment

Strengthened monitoring and evaluation of public investment projects (PBC /DLI 4)	Value	PIM guideline as an annex to the budget circular i	Revised PIM guidelines were annexed to the 2023 Bu	Compliance rate with PIM guidelines in at least tw
	Date	May 4, 2018	September 29, 2023	December 31, 2023
	Comment

MDAs in compliance with improved procurement standards (PBC /DLI 5)	Value	e-GP modules are not developed and used by MDAs.	e-GP contract has been awarded through Open Compet	e-GP modules rolled out to pilot MDAs: i) registra
	Date	May 4, 2018	September 29, 2023	December 31, 2023
	Comment

Open Budget Survey score on comprehensiveness of information in appropriation bill Value 11.00 32.00 20.00
Date May 4, 2018 December 12, 2022 December 31, 2023
Comment
An electronic Register for Beneficial Ownership Disclosure consistent with OGP requirements is established and functional Value No Yes Yes
Date May 4, 2018 September 29, 2023 December 31, 2023
Comment

Improving controls and efficiency in the civil service payroll (PBC 6)	Value	Human Resources (HR) Management module in the Inte	Human Resources (HR) Management module in the Inte	HR module rolled out in 34 core MDAs covering all
	Date	May 4, 2018	September 29, 2023	December 31, 2023
	Comment

Non-oil revenue outturn	Value	64.90	111.80	85.00
	Date	May 4, 2018	September 29, 2023	December 31, 2023
	Comment

Capital expenditure execution rate	Value	40.60	51.70	65.00
	Date	May 4, 2018	September 29, 2023	December 31, 2023
	Comment

Publication of reconcilied fiscal and economic datasets	Value	0.00	6.00	6.00
	Date	May 4, 2018	September 29, 2023	December 31, 2023
	Comment

Enhanced public participation in the budget cycle	Value	13.00	26.00	20.00
	Date	May 4, 2018	June 30, 2023	December 31, 2023
	Comment

Open Budget Survey score on comprehensiveness of information in appropriation bill	Value	11.00	32.00	20.00
	Date	May 4, 2018	December 12, 2022	December 31, 2023
	Comment

THE FISCAL GOVERNANCE AND INSTITUTIONS PROJECT

Abstract*

Development Objective

Key Details

Project Details

Sectors

Themes

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Project Map

Finances

Financing Plan (US$ Millions)

Total Project Financing (US$ Millions)

Summary Status of World Bank Financing (US$ Millions) as of March 31, 2025

Detailed Financial Activity as of March 31, 2025

Ratings

IMPLEMENTATION RATINGS

COMPLETION RATINGS

INDEPENDENT EVALUATION RATINGS

Results Framework

PROJECT DEVELOPMENT OBJECTIVE INDICATORS

INTERMEDIATE RESULTS INDICATORS