What you need to know about SFTAS' grants in Kwara

Date: 2020-08-04

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.

MAI Akande     Amosa     Yusuf Zulu-Gambari     Deji Ajani     Okin Biscuit     Alapansapa     Tsaragi-Share     Joseph Yemi Ajayi     Maigidasanma     Mohammed Lawal Bagega     Lanre Badmus     Saad Omo Iya     Muideen Olaniyi Alalade     Lanre Jimoh     Atunwa     Agbarere     Ayinde Oyepitan     Aisha Abodunrin Ibrahim     Nigeria Computer Society     Ibrahim Oniye     Mumeen Lah     Saliu Tunde Bello     Aiyedun     Quran     Wahab Olasupo Egbewole     Kwabes     Joseph Bamigboye     Albert Ogunsola     Volunteers Of Ilorin Community And The Emirate     Funmilayo Braithwaite     Samuel Olusegun Adedayo     Lai Mohammed     Isiaka Rafiu Mope     Roseline Oni Aremu     Oniyangi Kunle Sulaiman     Ali Ahmad     Omotoso     Abiodun Musa Aibinu     Paul Odama     Bisi Kristien     Shuaibu Yaman     Lawyers Unite Against Corruption     Oyawoye     Ilesha-Baruba     Rashidi Yekini     Timothy Akangbe     Aisha Ahman-Pategi     Sheriff Shagaya     Iyabo Dupe Adekeye     Funmilayo Oniwa     Baba Adini Of Kwara State     Yakubu Shaaba     Abdulmajeed Abdullahi     Falokun-Oja     Shola Odetundun     Abdullahi Atanda     Alimi     LABTOP     ER-KANG Mining Nigeria Company Limited     Lanre Issa-Onilu     Ghali Alaaya     Kwara Primary Health Care Development Agency     Ilorin West/Asa Federal Constituency     Kwara State Internal Revenue Service     Mohammed Abduraheem     Mujtabah Bature     NURTW     Bayo Mohammed Onimode     Yusuf Badmus     Zubair Folorunsho Erubu     Adegoke Bamidele     Woro     Muritala Awodun     Medinat Folorunsho Salman     Isin     Dan Iya     Wole Oke    

Cloud Tag: What's trending

Click on a word/phrase to read more about it.

Abdulrasaq Alaro     Amosa     Ahmed \'Lateef     John Olobayo     Abubakar Baba     Azeez Salawu     Donatus Ejidike     Mansurat Amuda-Kannike     Quareeb     Kola Adesina     Vasolar Consortium     Abdulkadir Bolakale Sakariyah     Ramadhan     Mamman Saba Jibril     Basic Education Certificate Examination     Abdulwahab Oba     Aro Yahaya     Abraham Ojo     Olosi Of Osi     Ahmad Belgore     NSCIA     Aiyedun     MalHub     Adekunle David Dunmade     Illyasu Abdullahi     Iqra Books     Shola Odetundun     Yusuf Ali     Tinubu Legacy Forum     Abdulrasheed Na\'Allah     Hamid Bobboyi     Musa Aibinu     Sulyman Age AbdulKareem     UTME     Sarkin Malamai     Joana Nnazua Kolo     Akeem Olatunji     Sardauna     Bayo Onimago     A.O. Belgore     Sa\'adu Gambari     Yusuf Badmus     Ronke Adeyemi     Ibrahim Akaje     Wahab Agbaje     KwaraLearn     Amina Susa\'a De Ahmed     Amos Sayo     Labaeka     Susan Modupe Oluwole     Lateef Fagbemi     Metro Park     Ahman Pategi     Atiku     Yusuf Zulu-Gambari     Ahmad Olanrewaju Belgore     Share/Tsaragi     Abdulganiy Abimbola Abdussalam     Dan Iya Of Ilorin     Salihu Ajia     Veterinary Teaching Hospital     Mohammed Ajia Ibrahim     Baboko     Zulkifli Ibraheem     Yoonus Kola Olatinwo     NULGE     Ilesha-Baruba-Gwanara     Binta Sulyman     Ahman Pategi University     Offa Descendants Union     Ajia-Bako     Abdulkarim Adisa     Monthly Sanitation     Moronfoye     Kwara State Health Insurance Agency     Garba Ado Sanni     Jalala