Kwara gets $5m for COVID-19 responsive budget

Date: 2020-11-17

Kwara State on Monday received $5m (N1.9bn) from the Federal Government for fulfilling the State Transparency, Accountability and Sustainability (SFTAS)'s new disbursement-linked indicator related to budget reviews that prioritise COVID-19 economic recovery.

The state won the SFTAS grant for also publishing an approved amended 2020 COVID-19 responsive budget by July 31, 2020, thereby meeting verification protocols for the programme, according to a statement by the Commissioner for Finance and Planning Olasumbo Florence Oyeyemi.

"The four requirements in the amended budgets are revision of gross statutory allocation projections, compared to the original budget; reduction in non-priority overheads and capital expenditures, compared to the original budget; allocation of expenditures to COVID-19 response programmes for relief, restructuring and recovery (with total COVID-19 response expenditures representing at least 10% of the total amended budget expenditures); and identification of the financing sources to fully finance the budget deficit without accumulation of new domestic expenditure arrears," the statement said.

The fund is meant to support budget implementation.

Kwara State had earlier this year received $5m for meeting verification protocols for SFTAS programme for results for year 2018.

Assessment for the 2019 SIFTAS compliance is ongoing, with Kwara tipped to perform better in the next round of disbursement.

Olasumbo Florence Oyeyemi

Hon. Commissioner for Finance and Planning

November 15, 2020

 

Cloud Tag: What's trending

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

Aliyu Umar     SDP     Aliyu Alhassan     Sulyman Buhari     Offa Grammer School     Orire     Alore     A.O. Belgore     Centre For Community Empowerment And Poverty Eradication     Saidu Kawu     Alabi Lawal     School Of Nursing     Florence Saraki     Habeeb Abdullahi Al-Ilory     Ishaq Abdulkarim     TIIDELab     Ayinde Oyepitan     Shururat Olatinwo     Alanamu     Lola Olabayo     John Kehinde Salako     New Naira Notes     Halimat Yusuf     Omu-aran     CBT     Afetu Of Alabe     Mohammed Yisa     KW-GIS     Ahman Pategi University     Yetunde Balogun     Ishaq Salman     SWAN     Oniyangi Kunle Sulaiman     Charles Ibitoye     Special Agro-Industrial Hub     Elewu     Sarkin Malamai     Babatunde Idiagbon     Mashood Dauda     Olatunji Ayeni     Elerin Of Adanla     Taofeek Sanusi     Muhammad Fawaz Abubakar     CCEPE     Bello Oyebanji     Lanre Badmas     Musa Alhassan Buge     Sheikh Ariyibi     Awwal Jawondo     Offa Metropolitan Club     Shola Odetundun     Muhammad Yahya     Afeyin-Olukuta     Mamman Saba Jibril     Ayobola Ipinlaiye     Abdulwaheed Musa     Maryam Ado Bayero     Adesoye College     Kehinde Boyede     Lanre Aremu     Abdulsalam A. Yusuf     Olatunde Jare     Abdul-Rasheed Na\'Allah     Yusuf A. Usman     Durosinlohun Kawu     Ella Supreme Tissue Paper     Democracy Day     Ayodele Shittu     Obuh     Tafida     Tunji Folami     Abdulquawiy Olododo     Naira Redesign     Ohoro Of Shao     Bola Tinubu     Ibrahim Oniye     Cornelius Adebayo    

Cloud Tag: What's trending

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

Saliu Shola Taofeek     Ramat Oganija     Raymond Olaitan     Afetu Of Alabe     TIIDELab     Emmanuel Bello     Ayobami Seriki     Deji Ajani     Lanre Badmas     UNIFEMGA     Dar-Al-Handasah Consultants Ltd     Hameed Oladipupo Ali     Millennium Development Goals     Kwara Apc     Abdulrahman Abdulrasaq     Kolo     Taofik Abdulkareem Babaita     Aminu Adisa Logun     Oloruntoyosi Thomas     Bashir Omolaja Bolarinwa     Micheal Imoudu     Okasanmi Ajayi     Mahfouz Adedimeji     James Ayeni     Valsolar-Kwara Company Limited     Code Of Conduct Bureau     Metro Park     Kabir Shagaya     Kunbi Titiloye     Ayo Opadokun     Suleiman Idris     Isa Aremu     Magaji Are     Oniye     3MTT     Oba Sulaiman Asude     Samari     Olubukola Kifayat Adedeji     Yashikira     Kumbi Titilope     Dairo Kunle Paul     SGBN     YAKOOYO     Abdulrazaq Magaji     Alapansapa     Bayo Mohammed Onimode     Dogara     Bayo Onimago     Ilorin Talaka Parapo (ITP)     Oluronke Adeyemi     NITDA     Erin-ile     Agboola Abdulraheem     Musbau A. Akanji     Unilorin FM     Kunle Okeowo     Bolakale Kawu Agaka     Odo-Owa     Kwara State Council Of Chiefs     Undergraduate Bursary     Musa Alhassan Buge     GGDSS Pakata     Ridwan Agboola     Shehu Raheem Adaramaja     Okanlawon Taiwo     Abdulrazaq Solihudeen     Kwara     AIT Ilorin     Donatus Ejidike     Shao     Aminat Ahmed     Funmi Salau     Abdulfatai Ahmed     Oladimeji Thompson     Issa Baba     Kola Shittu     Fareedah Dankaka