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.

Esinniobiwa Quareeb     Gbemisola Oguntimehin     Olatunde Michaels     Kulende-UITH     Tafida Of Ilorin     Oloje     Yoonus Lawal     Agbarigidoma     IQRA College     Riskat Opakunle     Ibrahim Taiwo     Aishat Sulu-Gambari     Olatunji Moronfoye     Gobir     Coronavirus     Kamaldeen Gambari     Presidential Election     Government Girls’ Day Secondary School Pakata     Ilorin Anchor Men And Women     NFAI     Tanke     Sayomi     Razak Atunwa     Umar Adelodun     Lotus Bank     C2c@kwarastate.gov.ng     Fawenu     Patigi Regatta     Ibrahim Taiwo Road     Atiku     Yahaya A Paniyaro     NIPR     Muhammed Mahe Abdulkadir     Albert Ogunsola     John Olajide Adedipe     Bilikisu Gambari     Arik     Ike Ekweremadu     Oladipo Akanmu Tolani     Mutawali Of Ilorin     Razaq Ayobami Akanbi     Yahaya Oloriegbe     Funke Adedoyin     UITH     Nupe     IFK     Al-Ilory     General Hospital     Temi Kolawole     Adijat Adebiyi     University Road     Aminat Omodara     Firdaos Amasa     Kamaldeen Kehinde     Hakeem Lawal     Ayotunde Emmanuel Alao     Saka Abimbola Isau     Muhammad Akande Olarewaju Odunade     Ibraheem Abdullateef     April 11     Isiaka Rafiu Mope     Ayodele Olaosebikan     Kayode Laro     KwaraLearn     MATTA Girls Foundation     Abdullahi Imam Abdullahi     Shuaib Jawondo     Boko Haram     Kwara Hotel     Zainab Abass     Sobi     Binta Abubakar Mora     Awoye     Florence Saraki     Bola Olukoju     Hameed Oladipupo Ali     Haleeman Salman    

Cloud Tag: What's trending

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

Oba David Oyerinola Adedunmoye     Isiaq Khadeejah     Abdulhakeem Adelaja Amao     Yahaya Jibril Usman     Dorcas Afeniforo     Split Diamond Interchange     Ilorin Descendants Progressive Union     Kazeem Adekanye     Bolaji Abdullahi     Funmilayo Oniwa     Mopelola Abdulmaliq-Bashir     Abdulmajeed Wahab     Ijagbo Health Centre     Ashiru     Lukman Adeloyin     CLAY POT     Nurudeen Mohammed     Wasiu Onidugbe     Hassan Saliu     Lai Mohammed     Bayer Nigeria Limited     Local Government     Muhammed Abdullahi     Abdulquawiy Olododo     Tayo Alao     Mansur Alfanla     AbdulRauf Keji     Kisira     Sheriff Shagaya     Yusuf A. Usman     Gbemisola Oguntimehin     Galadiman Ngeri     Olumide Daniel Ibitoye     Sola Saraki Educational Foundation     Rafiu Ajakaye     Bola Olukoju     Sabi     IYA YUSUF     Post-utme     Funmilayo Zubair     Amuda Bembe     Wasiu Odewale     Abdullahi Saadudeen Alikinla     Javed Khan     Smart School     Radio SBS     Yusuf Lanre Badmus     Joana Nnazua Kolo     Manzuma     Shehu Adaramaja     Bukola Saraki     Oloje     Bolaji Gambari     NTA Ilorin     Noah Yusuf     GGDSS Pakata     A.E. Afolabi     Adolescent Girls Initiative For Learning And Empowerment     Abdulraheem Yusuf     Raimi Iyanda     Idiagbon     Sodiya     Ubandawaki     Sa\'adu Salau     Azeez Salawu     Okedare     Read With Me     Awili Pedro     Summit University     Abdulkareem Alabi     Muhammad Fawaz Abubakar     NSCIA     Shero     Al-Hikmah Radio     Laboratory-to-Product     TIC     Sunday Fagbemi