FEDERAL MINISTRY OF FINANCE, BUDGET AND NATIONAL PLANNING-
REQUEST FOR EXPRESSIONS OF INTEREST FOR THIRD-PARTY EXTERNAL AUDIT TO WORK WITH AND SUPPORT THE INDEPENDENT VERIFICATION AGENT FOR THE SFTAS PROGRAMME
FEDERAL MINISTRY OF FINANCE, BUDGET AND NATIONAL PLANNING
REQUEST FOR EXPRESSIONS OF INTEREST (CONSULTING SERVICES-FIRMS SELECTION)
STATE FISCAL TRANSPARENCY, ACCOUNTABILITY AND SUSTAINABILITY (SFTAS) PROGRAM FOR RESULTS
LOAN NO./CREDIT NO./ GRANT NO.: IDA 6296
ASSIGNMENT TITLE: THIRD-PARTY EXTERNAL AUDIT TO WORK WITH AND SUPPORT THE INDEPENDENT VERIFICATION AGENT FOR THE SFTAS PROGRAMME
REFERENCE NO.: NG-HOME FINANCE DEPT-217857 -CS-QCBS
1. The Federal Government of Nigeria has agreed with the World Bank on a multi-year (2018-2022) program to support Nigerian states to strengthen fiscal performance and sustainability. The State Fiscal Transparency, Accountability and Sustainability (SFTAS) Program for Results (“The Program”). The Federal Government of Nigeria has received financing from the World Bank towards the cost of the SFTAS Program, and intends to apply part of the proceeds for consulting services.
2. About the Program: The Program development objective is to strengthen the fiscal transparency, accountability and sustainability in the participating states, including in the context of COVID-19. The Program is supporting participating states to implement a strategic set of reforms from government programs: The Fiscal Sustainability Plan (FSP), The Open Government Partnership (OGP) and the NEC COVID-19 Plan. Ex-ante, the Program is open to all states and FCT to participate. The Program provides performance-based financing to states that meet the annual eligibility criteria and achieve a pre-agreed set of disbursement-linked results (DLRs or results) related to increasing state- level fiscal transparency and accountability, strengthening state-level domestic revenue mobilization, increasing efficiency in state public expenditures, and strengthening state debt sustainability. States compliance with the eligibility criteria and achievement of the results are to be verified through annual performance assessments (APAs) The APAs will be carried out by the Office of the Auditor-General for the Federation (OAuGF) in their role as the independent verification agent (IVA) for the Program. Given the importance of having a credible, accurate and high-quality verification process, an external audit firm will be engaged to work with the IVA in the conduct of the APAs. The selected firm is expected to reach its own independent conclusions on all results.
3. The counseling services (“The Services”) are work with and support the IVA in the conduct of the two remaining APAs. The assignment will be for a period of 18 months, with a target to start in June 2021. The specific tasks expected under the proposed assignment: