This report presents a comparative analysis of the 2018 performance of four PERL supported states (Jigawa, Kaduna, Kano and Yobe States) across three Public Financial Management (PFM) related assessment frameworks, to see how these relate to the states’ achievement in the 2018 States Fiscal Transparency Accountability and Sustainability (SFTAS) Annual Performance Assessment (APA). The three assessment frameworks adopted for this analysis are: 1. The Civil Resource Development and Documentation Centre's (CIRDDOC) Nigerian Budget Transparency Survey (NBTS); 2. PERL’s Public Financial Management Rapid Annual Assessment (PFM – RAA); and 3. The PERL Governance Assessment (GA).