Federal government set to give fresh bailout to states

The Ministry said yesterday that the Federal Government has agreed to develop International Public Sector Accounting Standards compliant software for the states use
in monitoring the new bail out funds set to allocate to all the state of the federation.

Finance Minister Kemi Adeosun said the FSP represents an important programme of reforms that will develop best practice financial management across all tiers of Government and will improve transparency and accountability.

She spoke of governments determination to attain financial discipline across government.

But the question now is, will the Governors spend this money again?