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.

Abdulkadir Orire     Turaki Of Ilorin     Olusin Of Ijara Isin     National Union Of Road Transport Workers     SWAN     Adekunle David Dunmade     SARS     Col. Taiwo     Markaz Arabic And Islamic Training Institute, Agege     Mohammed Ibrahim     Gbemisola Saraki     Babs Iwarere     Oro Grammar School     Ileloke     Abatemi-Usman     Hassan Saliu     Umaru Saro     Ilorin     Hydro-electric Power Producing Areas Development Commission     Mutawali     Tunji Ajanaku     Nurudeen Muhammed     Abdullahi G. Mohammad     Nigeria Customs Service     Saliu Oluwole     Idris Garuba     Idris Amosa Saidu     Alore     Ibrahim Abduquadri Abikan     Olatunde Oyeyiola     Baakini     Rafiu Ajakaye     National Information Technology Development Agency     Sarakite     Just Event Online     Tricycle Owners Association Of Nigeria     Yusuf Aiyedun     Ohoro Of Shao     Monthly Sanitation Exercise     Shehu Salau     Mustapha AbdulGaniyu     Centre For Peace And Strategic Studies     Ajase-Ipo     Towoju     Emmanuel Bello     Sulu Babaita Isiaka     Plat Technologies     Gaa Olobi     Salihu Jibril Garbi     Bola Ahmed Tinubu     Senate Presidency     Yahaya Jibril Usman     Mope Dasuki Belgore     Eghe Igbinehi     Lola Olabayo     Raheem Adaramaja     Bamidele Adegoke Oladimeji     Fareedah Dankaka     IESA     John Obuh     Bankole Omisore     NIPOGA     Alimi     Abdulquawiy Olododo     Muhammad Mustapha Suleiman     Chemiroy Nigeria Limited     Ibrahim Abdulkadir Abikan     Ilorin Emirate Stakeholders Forum     Alapansapa     Muritala Awodun     Na\'Allah     IDPU     Lasiele Alabi Yahaya     Alabere     National Party Of Nigeria     Kwara Restoration Project     Peter Obi    

Cloud Tag: What's trending

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

Isa Aremu     Dan Iya Of Ilorin     Kayode Bankole     Maryam A. Garuba     Dele Belgore     Valsolar Consultoria     Alliance For Democracy     National Union Of Road Transport Workers     Adanla-Irese     Revenue Court     AbdulRahman Saad     Aremu Odolaye     Bolakale Saka     Sobi FM     Micheal Imodu-Ganmo Road     N-Power     Doyin Group     Olatunji Abdulmumeen     Risikat Lawal     Mohammed Saidu     National Association Of Nigerian Students     Matthew Babaoye     Ayotunde Emmanuel Alao     ANCOPPS     Offa     Wahab Kunle Shittu     Ayinde Oki     Toyin Olayinka Tejidini     Saka Abimbola Isau     Sun Qing Rong     Binta Sulyman     Amule Elementary School     International Public Sector Accounting Standards     Abdul-Rahoof Bello     Ubandoma Of Ilorin     Gambari     Olabanji Orilonishe     Abdulmumini Jawondo     IDPU     Olateju Lukman     Oladimeji Thompson     Oloye     Lithium     Khadijat Ayoola Yusuf     Mahfouz Adedimeji     Binta Abubakar-Mora     V.O. Abioye     Ahman Patigi     Mohammed Haruna     Abdulrahman Abdulrazaq     Chief Of Staff     Muyiwa Oladipo Kanu     Amusement Park     Nurudeen Muhammed     Muhammad-Mustapha Suleiman     Kwara State Sports Commission     Yaru     Galadima     Ope Saraki     Split Diamond Interchange     Wahab Femi Agbaje     Ibrahim Bio     Monthly Sanitation Exercise     Pilgrims Board     Onilorin     Otuka     Kunbi Titiloye     Medview Airlines     Olaoye B. Felix     CELF     Gbajabiamila     Dan Iya     Agbarigidoma     Majlis For Sadaqah, Zakat And Waqf     Computer Based Test     Elections     Abdulazeez Arowona