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.

Tinubu Legacy Forum     Tunde Mukaila Mustapha     Mohammed Tunde-Jimoh     George Funsho Adebayo     Osuwa     Baba Adini Of Kwara State     Adamu Ibrahim Sabi     Yekini Adio     Simeon Sayomi     Bola Olukoju     Ahman Patigi     CCT     Bashir Badawi     Gbenga Awoyale     The Herald     Women Radio     Najim Yaasin     Jimoh Bashir     Kazeem Gbolagade     Oja-Oba     Garment Factory     Bature Bello     SSUCOEN     Village Alive Development Association     Abdulsalam A. Yusuf     BECE     Federal College Of Education (Special), Afon     Sarah Alade     EndSARS     Abdulwahab Oba     Temi Kolawole     Twitter     Demola Banu     Oba Abu     Saka Asiat Ayinke     Tafidan Kaiama     Sola Saraki Educational Foundation     Ella Supreme Tissue Paper     Amule Elementary School     GANZY     Femtech     Sulyman Age AbdulKareem     Abatemi Usman     Mumeen Lah     Okin Group     AbdulRazaq Abubakar Jiddah     Kannike     Oniwasi Agbaye     Apaokagi     Olatunde Olukoya     AbdulRasaq Abdulmajeed Alaro     Buhari     Ishaq Salman     Saadatu Modibbo-Kawu     Student Learning Support Helpline     Ijagbo     Bamidele Aluko     Ibrahim Abdullahi     Gambari     Ahmad Belgore     FERMA     Sheikh Ridhwanullah     Smart School     Basit Olatunji     James Ayeni     IsDB     Dankaka     Baba Idris     Okiki     Jawondo     TVC Female National Debate     Mohammed Yahaya Barki     Y.A. Abdulkareem     Sa\'adatu Modibbo-Kawu     Agor Market     Convocation Ceremonies     Suleiman Abubakar    

Cloud Tag: What's trending

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

Lawal Jimoh     Moses Rahman Popoola     Y.A. Abdulkareem     Agboola Babatunde     Abdulganiy Abimbola Abdussalam     Micheal Imodu-Ganmo Road     TIIDELab     Siraj Oyewale     Michael Imoudu National Institute For Labour Studies     Raji Ayodele Kamaldeen     Olatunde Michaels     Saeedat Aliyu     Yusuf Badmus     Ebola     Oluronke Adeyemi     Osi     Dankaka     Noah Yusuf     Kawu     RTEAN     Medview Airlines     Abubakar Atiku     Jare Olatundun     Council Of The Wise     Dasuki Belgore     Yemi Sanni     Adeola Abraham     Saheed Alakoso     AbdulRazaq AbduMajeed Alaro     Kisira     Ishaq Salman     Kamaldeen Ajibade     Ella Supreme Tissue Paper     Yahaya Muhammad     Saadu Yusuf     Kayode Bankole     JAAC     Jimoh Bashir     AGILE Programme     Tafida Of Ilorin     CUTI     Raliat Elelu-Habeeb     Press Release     Sunset Workers     Esuwoye     Mahe Abdulkadir     Susan Modupe Oluwole     Olanrewju Okanlawon Musa     Logun     Mohammed Katsina Ahmed     United Nigeria Congress Party     Sunday Fagbemi     Lai Gobir     Sa\'adu Salau     Okiki     John Kehinde Salako     Democracy Day     NSCIA     Aisha Ahman-Pategi     Kwara Volleyball Association     AbdulRauf Keji     Ali Ahmad     Iyabo Dupe Adekeye     Law School Scholarship     Bello Abubakar     Funmilayo Oniwa     Lafia Aliyu Korasabi     Zulu Gambari     Imodoye Writer’s Enclave     Iyaloja-General     Abdulganiyu Oladosu     Oro Grammar School Old Students Association     Millennium Development Goals     Earlyon Technologies     Oke Sunna     Owo Isowo     Musa Aibinu