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.

Ayinke Saka     Yemi Sanni     IHS     Sanitation Exercise     Abdulmalik Bashir Mopelola Risikatullahi     Muhammed Aliyu     Ganiyu Taofiq     Bolakale Saka     Lanre Badmus     Durosinlohun Kawu     Tosin Saraki     Yaru     Government High School (GHS), Adeta     Lanre Jimoh     Dele Momodu     Isaac Gbenle     Ibrahim Labaika     FERMA     Mary Arinde     Sarah Jubril     Obuh     Radio Kwara     Laduba     SWAN     Asa LGEA School     Agor Market     Taibat Ayinke Ahmed     Saliu Oluwole     MalHub     Idris Garuba     Abdulrasheed Lafia     JAMB     Salake     Nurudeen Mohammed     Sodiya     Kamaldeen Gambari     Amos Sayo     Senate     Ileloke     Ali Ahmad     Ibrahim Mashood     Ministry Of Women Affairs And Social Development     Jeunkunu-Malete-Bani     Ganmo Power Sub-Station     Ijakadi     Abdulrosheed Okiki     Chemiroy Nigeria Limited     Gbenga Adebayo     Mike Omotosho     Adijat Adebiyi     Kwara Primary Health Care Development Agency     Bayo Ajia     Baba Idris     Michael Imoudu National Institute For Labour Studies     Roseline Oni Aremu     Opolo Global Innovation Limited     Adam Abdullahi Al-Ilory     Shuaibu Yaman Abdullahi     Olupako Of Share     Ndama Al-hassan     Elerin Of Adanla Irese     Aliyu Salihu     Farouk Salim     Sarkin Malamai     Sola Saraki University     Ahmed Ayinla Jimoh     Kwara State Branch Of The National Library     Abdulrahman Abdulrasaq     Adisa Logun     AGM Professional Services     Temitope Ogunbanke     Magaji Nda     Muyideen Ajani Bello     Amos Justus Sayo     Suleiman Mora Omar     Ilorin Metro Park     Bola Sagaya    

Cloud Tag: What's trending

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

UNILORIN Alumni     Abdulmutalib Shittu     Raimi Iyanda     Aminu Ado Bayero     Esuwoye     James Ayeni     Kale Ayo     Issa Memunat Moyosore     UITH     Olabode George Towoju     Abdullahi Biffo     Metro Park     Idris Amosa Saidu     Theophilus Oyebiyi     Sidikat Akaje     Jimoh Bashir     Maigidasanma     Kwara State Football Association     Atunwa     Gobir Organization Foundation     Ishola Abdullahi     Muhammad Akande Olarewaju Odunade     Amina El-Imam     Yahaya Abdulkareem Babaita     Kwara State Geographic Information Service     Hauwa Nuru     Bareke     Albert Ogunsola     Azeez Bello     Adeleke Ogungbe     Yakubu Dogara     Muhammad-Mustapha Suleiman     Kale Belgore     Orisun Igbomina     Ganmo Electricity Sub-Station     George Funsho Adebayo     Sa\'ad Alanamu     Mohammed Yisa     Musa Alhassan Buge     Lanre Badmas     Olufolake Abdulrazaq     Onilorin     Elelu     Babs Iwarere     Shade Omoniyi     Ile Arugbo     Just Law Forum     General Hospital, Ilorin     Kwara Muslim Pilgrims Welfare Board     Funmilayo Oniwa     New Model Police Station     Gbenga Awoyale     Abdulganiyu Oladosu     ASMAU PLAZA     Wakilin Mata Lafiagi     Shettima Of Ilorin     Niguel Gallando Marcias     Ekiti     Fatai Garuba Labaka     Olaoye B. Felix     Saba Jibril     Susan Modupe Oluwole     International Vocational Centre     Noah Yusuf     Pakata     Michael Ologundea     Adesoye College     Mamatu Abdullahi     Erubu Oba Zubair     Forgo Battery Company Limited     NIPOGA     Abubakar Suleiman     Mogaji Aare     Siraj Oyewale     Nurudeen Mohammed     Www.Kwarareports.com     Leke Ogungbe