What you need to know about SFTAS' grants in Kwara
SFTAS grant is a Programme for Result project that is mandated for all Nigerian states to become Public Financial Management Compliant.
The $750m project is to last for 4years with a total sum of $700m to be disbursed to states through disbursements linked indicators (DLIs) for achievements.
SFTAS acctually commenced in 2018, so there was no way the present administration could have initiated it. However, for the first time, the IVAs (Independent Verification Agents) visited Kwara State last November during which the present administration had to present and defend documents required for assessment before achieving DLIs of $2.5m. Beyond that, however, the state SFTAS Steering Committee headed by the Commissioner for Finance & Planning and her team had to work assiduously to earn additional $2.5m that totalled $5m i.e 1.8bn received on the 30th March for 2018 Assessment.
So it wasn’t an already cooked food eaten by the present administration, as some persons have erroneously called it.
In the 2020 Revised Budget, the SFTAS grant was revised from N2.318bn to N4.824bn to accommodate not just the 2018 achievement of N1.8bn but also the likely achievements as listed in explanatory notes for 2019 and 2020 Additional Financing (FGN COVID response to states).
For avoidance of doubt, achievements for 2018 Assessment conducted in November 2019 were based on the following yardsticks:
1. Biometric Registration to detect payroll fraud (DLI 5.1 & 5.2 ) = $500,000 each = $1m
2. Public Debt law and fiscal responsibility framework (DLI 7.1 & 7.2) – $2m and $500,000 respectively; and
3. Improved Debt sustainability (DLI 9) = $1.5m
Total = $5m
Please note that the Public Debt Law of $2m is a one-off grant. This means it would not be part of the future SFTAS grant to Kwara or any other state in the country that has earned it before.
The new administration has indeed done much more to ensure that more money comes to the state for the 2019 & 2020 SFTAS grants. For instance, the administration has added citizens’ input in the budget preparation and online publication of citizens’ budget, among other activities that would earn the state other DLIs that were not achieved in the 2018 Assessment.
The explanations above became necessary in view of the misinformation earlier put out by some persons to achieve a sinister motive.
Oyeyemi Olasumbo Florence
Hon. Commissioner for Finance & Planning
August 3rd, 2020.
Cloud Tag: What's trending
Click on a word/phrase to read more about it.
Kwara State Fish Farmers Association Oke-Odo Kwara State Television Muritala Awodun Mutawalle Kwara 2019 AbdulRahman Saad Paul Odama Lawal Olohungbebe Olaoye B. Felix Saliu Shola Taofeek Ahmed Shuaib Buranga Face Masks KWIRS Shao Hassan Saliu Owu Fall Nagode Kwara State Pension Board Halimah Perogi National Information Technology Development Agency Taofeek Ibraheem Young Progressives Party Oyeyemi Olasumbo Florence CCEPE Adam Abdullahi Al-Ilory Shettima Yusuf Amuda Aluko Abubakar Olusola Saraki Abdul-Rahoof Bello Baba Idris Kwara University Of Education Facebook A.E. Afolabi Babs Iwarere Mary Kemi Adeosun Abdullahi Adisa Akodudu Senate Presidency Centre For Peace And Strategic Studies National Association Of Nigerian Students Dar-Al-Handasah Consultants Road Transport Employers Association Of Nigeria Bayo Lawal Lanre Issa Onilu Lukman Oyebanji Fagbemi Yemi Osinbajo Jimoh Akani Esuwoye Talaka Parapo Oba David Oyerinola Adedunmoye Funmilayo Zubair Ishaq Abdulkarim Sulu Gambari George Funsho Adebayo Niyi Ogundiran Taiwo Joseph KWSUED Aishat Mohammed Lawal Adesoye Idris Amosa Oladipo Saidu Moshood Bakare Aliyu U. Tilde AbdulRaheem Ahmad Shayi Isiaka AbdulRazaq KWASSIP Federal College Of Education (Special), Afon Maryam Ado Bayero Nigeria Governors\' Forum Idris Garba IHS Towers Abdulrasheed Lafia Maimunat Oloriegbe Akeem Lawal Kunle Suleiman Lai Mohammed Abdulrosheed Okiki Susan Modupe Oluwole

