News Archive
Public financial management fact sheets
SPARC is preparing fact sheets on public financial management performance in our focal states. The first set for Kaduna State Government are available in our documents library.
The fact sheets cover summary budgets and actual financial performance, receipts and payments over the last few years, execution of the capital budget and predicting the budget in the next two to three years. The data presented is drawn from published accounts. For more information on the Kaduna fact sheets email kadunainfo@sparc-nigeria.com
Analysing Debt Sustainability in Kaduna State
The Debt Management Department of the Ministry of Finance in Kaduna State is about to embark on an analysis of the States’ debt sustainability.
Debt Sustainability Analysis (DSA), an important tool in the management of debt, is of growing interest to Nigeria’s Federal and State Governments. Since leaving the Paris Club in 2005, by paying off its debt, several Nigerian State Governments have issued bonds to raise resources for capital projects. Whilst the overall debt of the country is reported to be 16% (net present value) of Gross Domestic Product, and below the recommended 40% threshold, says the Debt Management Office in Abuja, attention needs to given to investment in projects that will themselves boost the economy. Such projects must be linked to Development Plans, generally investing in human capital for the highest return.
Kaduna State Government has endorsed its first ever DSA, following a 15 billion Naira bond issue in August 2010. Soon to be completed, it will inform the Ministry of Finance on strategies for managing current and future debt to ensure it remains on a sustainable footing. DSA is a decision making tool which will assist Government to decide when and how to take on additional financing sources to achieve development goals, with a long term 20 year outlook. The DSA will also assure concerned stakeholders including citizens and the State House of Assembly that decisions to issue Government Bonds have been taken in the best interests of the State, in accordance with international best practice.
With the support of SPARC, the results, experiences and lessons of the Debt Management Department will be captured over the coming months. For more information, please contact kadunainfo@sparc-nigeria.com.
Nigeria Governors' Forum calls for consultants CVs
The National Economic Council (NEC), in 2007, assigned to the Nigeria Governors’ Forum (NGF), with the responsibility of developing and implementing a States’ Peer Review Mechanism (SPRM). As follow up to the NEC decision, the National Governors’ Forum (NGF) mandated its Secretariat to develop the SPRM. As a first step, the NGF Secretariat embarked on assessment tours of the 36 states of the Federation between 2009 and 2010 as part of a preliminary effort to gather baseline information, design a set of benchmarks, identify unique practices, and document challenges to development efforts at the state level. The NGF is building on this experience to articulate and adopt a systematic and robust Peer Review process for States which will commence in 2011. With the Support of DFID, the tools for the review are being finalized and a Programme Coordinator, Dr Afeikhena Jerome, has also been recruited for the process. The comprehensive peer review process will commence shortly, immediately after the April 2011 elections.
The NGF Secretariat is now calling for CVs from suitably qualified Consultants. Details can be found here. Qualified and interested consultants are invited to submit the summary form and full CV on or before 30 May 2011. The CV should be forwarded to Roster.SPRM@nggovernorsforum.org copying Alhaji L.O.T. Shittu, Executive Director, Research and Strategy (ashittu@nggovernorsforum.org) and Dr. Afeikhena Jerome, Programme Coordinator (ajerome@nggovernorsforum.org).
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