The World Bank Implementation Status & Results Report Fiscal Governance and Institutions Project (P163540) Fiscal Governance and Institutions Project (P163540) AFRICA | Nigeria | Governance Global Practice | IBRD/IDA | Investment Project Financing | FY 2018 | Seq No: 2 | ARCHIVED on 20-Mar-2019 | ISR36234 | Implementing Agencies: Federal Ministry of Finance, Federal Republic of Nigeria Key Dates Key Project Dates Bank Approval Date: 27-Jun-2018 Effectiveness Date: -- Planned Mid Term Review Date: 18-Dec-2020 Actual Mid-Term Review Date: -- Original Closing Date: 31-Dec-2022 Revised Closing Date: 31-Dec-2022 pdoTable Project Development Objectives Project Development Objective (from Project Appraisal Document) To improve the credibility of public finance and national statistics. Has the Project Development Objective been changed since Board Approval of the Project Objective? No Components Table Name Strengthening Revenue Management:(Cost $34.00 M) Strengthening Controls, Transparency and Accountability in the Use of Public Funds:(Cost $58.50 M) Strengthening Economic and Fiscal Statistics:(Cost $27.50 M) Implementation Support:(Cost $5.00 M) Overall Ratings Name Previous Rating Current Rating Progress towards achievement of PDO Moderately Satisfactory Moderately Satisfactory Overall Implementation Progress (IP) Moderately Satisfactory Moderately Satisfactory Overall Risk Rating High High Implementation Status and Key Decisions The Nigeria Fiscal Governance and Institutions Project (FGIP) was approved by the World Bank Board of Executive Directors on June 27, 2018. The financing agreement was signed on February 12, 2019, and effectiveness is expected by May 12, 2019. Efforts are underway to meet the negotiated legal covenants and conditions in order to commence disbursements soon after the project becomes effective. 3/20/2019 Page 1 of 7 The World Bank Implementation Status & Results Report Fiscal Governance and Institutions Project (P163540) Risks Systematic Operations Risk-rating Tool Risk Category Rating at Approval Previous Rating Current Rating Political and Governance High High High Macroeconomic High High High Sector Strategies and Policies Substantial Substantial Substantial Technical Design of Project or Program Substantial Substantial Substantial Institutional Capacity for Implementation and Sustainability High High High Fiduciary High High High Environment and Social Low Low Low Stakeholders High High High Other -- -- -- Overall High High High Results PDO Indicators by Objectives / Outcomes Strengthened oversight of the revenue of the Federation IN00677552 ►Non-oil revenue outturn (Percentage, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 70.00 70.00 70.00 85.00 Date 04-May-2018 15-Sep-2018 05-Mar-2019 31-Dec-2022 Improved execution of the federal expenditure IN00677553 ►Capital expenditure execution rate (Percentage, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 43.00 43.00 43.00 65.00 Date 04-May-2018 15-Sep-2018 05-Mar-2019 31-Dec-2022 Enhanced quality of fiscal and economic statistics IN00677554 3/20/2019 Page 2 of 7 The World Bank Implementation Status & Results Report Fiscal Governance and Institutions Project (P163540) ►Publication of reconcilied fiscal and economic datasets (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 8.00 Date 04-May-2018 15-Sep-2018 05-Mar-2019 31-Dec-2022 Intermediate Results Indicators by Components Strengthening Domestic Revenue Management IN00677557 ►Regular internal and external audit reports completed (Text, Custom, DLI) Baseline Actual (Previous) Actual (Current) End Target No external revenue No external revenue Regular external and Value audits; occasional -- audits; occasional internal revenue audits internal audits internal audits completed Date 04-May-2018 15-Sep-2018 05-Mar-2019 31-Dec-2022 IN00677560 ►Revenue analyses institutionalized at FMoF (Text, Custom, DLI) Baseline Actual (Previous) Actual (Current) End Target Eight improved oil and Occasional and Occasional and non-oil revenue inadequate revenue inadequate revenue Value -- analyses; tax law analysis; weak revenue analysis; weak review; strengthened models revenue models revenue modelling Date 04-May-2018 15-Sep-2018 05-Mar-2019 31-Dec-2022 Strengthening Controls, Transparency and Accountability in the Use of Public Funds IN00677555 ►Enhanced functionality of the financial management information systems (Text, Custom, DLI) Baseline Actual (Previous) Actual (Current) End Target Mainstreaming of GIFMIS payment GIFMIS payment commitment controls, controls and cash controls and cash payroll controls and Value -- management modules management modules cash management not operational not operational GIFMIS module (to 90 percent of expenditure) Date 04-May-2018 15-Sep-2018 05-Mar-2019 31-Dec-2022 IN00677558 ►Spending reviews incorporating citizens feedback are publicly disclosed (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 3.00 Date 04-May-2018 15-Sep-2018 05-Mar-2019 31-Dec-2022 3/20/2019 Page 3 of 7 The World Bank Implementation Status & Results Report Fiscal Governance and Institutions Project (P163540) IN00677561 ►Enhanced public participation in the budget cycle (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 13.00 13.00 13.00 20.00 Date 04-May-2018 15-Sep-2018 05-Mar-2019 31-Dec-2022 IN00677562 ►Compliance with capital investment prioritization process by main spending ministries (Text, Custom, DLI) Baseline Actual (Previous) Actual (Current) End Target Compliance rate with PIM guideline as an PIM guideline as an budget circular in three Value annex to the budget -- annex to the budget ministries with large- circular is not in place circular is not in place scale capital budgets (50%) Date 04-May-2018 15-Sep-2018 05-Mar-2019 31-Dec-2022 IN00677563 ►Fiscal costs and liabilities incurred by PPP transactions are reflected in the budget (Yes/No, Custom) Baseline Actual (Previous) Actual (Current) End Target Value No No No Yes Date 04-May-2018 15-Sep-2018 05-Mar-2019 30-Dec-2022 IN00677564 ►MDAs applying e-Procurement, open contracting standards and beneficial ownership disclosure (Number, Custom, DLI) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 10.00 Date 04-May-2018 15-Sep-2018 05-Mar-2019 31-Dec-2022 IN00677565 ►Open Budget Survey score on comprehensiveness of information in appropriation bill (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 11.00 11.00 11.00 20.00 Date 04-May-2018 15-Sep-2018 05-Mar-2019 30-Jun-2022 Improving Economic and Fiscal Statistics IN00677556 ►Generated and updated statistical datasets (Text, Custom, DLI) Baseline Actual (Previous) Actual (Current) End Target Sample censuses and follow-up surveys on No agriculture and No agriculture and Value -- agriculture and business census business census business completed and published Date 04-May-2018 15-Sep-2018 05-Mar-2019 30-Jun-2022 3/20/2019 Page 4 of 7 The World Bank Implementation Status & Results Report Fiscal Governance and Institutions Project (P163540) IN00677559 ►Gender-disaggregated data on land and business ownership collected and published (Yes/No, Custom) Baseline Actual (Previous) Actual (Current) End Target Value No No No Yes Date 04-May-2018 15-Sep-2018 05-Mar-2019 31-Dec-2022 Disbursement Linked Indicators IN00677566 ►DLI 1 Regular internal and external audit reports completed (Text, Output, 12,500,000.00, 0.00%) Baseline Actual (Previous) Actual (Current) June 30, 2022 No external revenue No external revenue No external revenue audits; Value audits; occasional audits; occasional internal -- occasional internal audits internal audits audits Date -- 15-Sep-2018 05-Mar-2019 -- IN00677567 ►DLI 2 Revenue analyses institutionalized at FMoF (Text, Output, 15,500,000.00, 0.00%) Baseline Actual (Previous) Actual (Current) June 30, 2022 Occasional and Occasional and Occasional and inadequate inadequate revenue inadequate revenue Value revenue analysis; weak -- analysis; weak revenue analysis; weak revenue revenue models models models Date -- 15-Sep-2018 05-Mar-2019 -- IN00677568 ►DLI 3 Enhanced functionality of the financial management information systems (Text, Output, 27,000,000.00, 0.00%) Baseline Actual (Previous) Actual (Current) June 30, 2022 GIFMIS payment controls GIFMIS payment controls GIFMIS payment controls Value and cash management and cash management and cash management -- modules not operational modules not operational modules not operational Date -- 15-Sep-2018 05-Mar-2019 -- IN00677569 ►DLI 4 Compliance with capital investment prioritization process by main spending ministries (Text, Outcome, 12,000,000.00, 0.00%) Baseline Actual (Previous) Actual (Current) June 30, 2022 PIM guideline as an annex PIM guideline as an PIM guideline as an Value to the budget circular is not annex to the budget annex to the budget -- in place circular is not in place circular is not in place Date -- 15-Sep-2018 05-Mar-2019 -- IN00677570 ►DLI 5 MDAs applying e-Procurement, open contracting standards and beneficial ownership disclosure (Number, Intermediate Outcome, 10,000,000.00, 0.00%) 3/20/2019 Page 5 of 7 The World Bank Implementation Status & Results Report Fiscal Governance and Institutions Project (P163540) Baseline Actual (Previous) Actual (Current) June 30, 2022 Value 0.00 0.00 0.00 -- Date -- 15-Sep-2018 05-Mar-2019 -- IN00677571 ►DLI 6 Generated and updated statistical datasets (Text, Output, 21,500,000.00, 0.00%) Baseline Actual (Previous) Actual (Current) June 30, 2022 No agriculture and No agriculture and No agriculture and Value -- business census business census business census Date -- 15-Sep-2018 05-Mar-2019 -- Data on Financial Performance Disbursements (by loan) Project Loan/Credit/TF Status Currency Original Revised Cancelled Disbursed Undisbursed % Disbursed Not P163540 IDA-62880 USD 125.00 125.00 0.00 0.00 122.53 0% Effective Key Dates (by loan) Project Loan/Credit/TF Status Approval Date Signing Date Effectiveness Date Orig. Closing Date Rev. Closing Date Not P163540 IDA-62880 27-Jun-2018 -- -- 31-Dec-2022 31-Dec-2022 Effective Cumulative Disbursements 3/20/2019 Page 6 of 7 The World Bank Implementation Status & Results Report Fiscal Governance and Institutions Project (P163540) Restructuring History There has been no restructuring to date. Related Project(s) There are no related projects. 3/20/2019 Page 7 of 7