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Nigeria’s Finance Ministry asks the World Bank for an $8.92 million loan to purchase furniture, stationery, and other items.

Nigeria’s Finance Ministry asks the World Bank for an $8.92 million loan to purchase furniture, stationery, and other items.

The Ministry of Finance, Budget, and National Planning’s Home Finance Department has asked the World Bank for approximately $8.93 million to buy 21 items, including vehicles, office supplies, furniture, stationery, and equipment.

The requests were submitted as part of the 2018-launched State Fiscal Transparency, Accountability, and Sustainability (SFTAS) project.

The SFTAS initiative, which was created to increase accountability and transparency at the subnational level, will come to an end this year.

The World Bank committed a total of $1.5 billion to the project in two installments of $750 million (December 2018 and December 2020).

Despite being a grant to state governments, the money is actually a loan to the federal government.

PUNCH recently acquired a copy of the project’s procurement plan, which covers the time period from February 2019 to August 2020.

The procurement plan complies with the Procurement Guidelines published by the World Bank, which outline the arrangements to be made for acquiring the materials (including related services) needed for a project.

According to the World Bank’s disclosure of the SFTAS project’s procurement plan for the relevant time period, the Home Finance Department asked for around $25,713 to buy office supplies and stationery.

Another $33,000 was requested for the SFTAS Programme Coordinating Unit’s office supplies and equipment.

In terms of furniture, the department asked for $64,190 to outfit the SFTAS Public Service Institute, $17,000 to add office furniture and partition the STFAS office, and $17,250 to outfit the Debt Management Office with more furniture and equipment.

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Additionally, the department asked for $25,000 to buy MiFi modems for the DMO and video conferencing equipment for the SFTAS PCU.

The provision of spatial data to the states, which was estimated to cost $8m, was the biggest request.

The purchase of project vehicles for the PCU and independent verification agent was also requested, costing $291,804.

One of the 21 proposed things was successfully finished, another was being implemented, and three were canceled. Four were also still being implemented, and the remaining ones had only been signed as of the document’s release in October 2022.

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