FG Risks Loss of $10m World Bank Support Over Audit Gaps, Project Delays
The Federal Government is set to lose a significant portion of a World Bank facility, amounting to $10 million, following persistent lapses in audit standards and delays in the implementation of key reforms under the Fiscal Governance and Institutions Project (FGIP). The $103 million programme, backed by the International Development Association (IDA), the concessional lending