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.

Ilorin Durbar     Saadu Gbogbo Iwe     National Information Technology Development Agency     Nigeria Governors\' Forum     MATTA Girls Foundation     Oko Erin     Aiyedun     Gbemi Saraki     Kwara State Fish Farmers Association     Ganmo     Kwara State Football Association     Bolakale Ayo     SARS     Senior Staff Union Of Colleges Of Education     Saheed Akinwumi     TETFUND     Rashidi Yekini     Hassan Taiye Salam     Kanu Agabi     Hussein Olokooba     Ilorin Emirate Staff Association     MAI Akande     Fatimat Saliu     Aliyu Olatunji Ajanaku     Salary     Titus Suberu-Ajibola     Amada Jidda     Olaiya Victor Mobolaji     Aliyu Muhammad Saifudeen     Markaz Arabic And Islamic Training Institute, Agege     Mansur Alfanla     Nigeria Customs Service     Rafiu Ajakaye     Ileloke     Isiaka Gold     Omotoso     First Lady     TVC Female National Debate     Sulyman Buhari     Monthly Sanitation Exercise     Kolade Solagberu     FOMWAN     Kishira     Coronavirus     Ibrahim Mashood     Universal Basic Education Commission     Ayegbeni     Danladi     Sunday Fagbemi     Shonga Farm Project     Monthly Sanitation     Abraham Ojo     Agboola Abdulraheem     Kwara State Branch Of The National Library     Aso-ofi     Bahago     Kawu     Ahmed     BIR     Umar Ayinla Saro     Charles Ibitoye     Yakubu Dogara     EndSARS     ASMAU PLAZA     Yakubu Mohammed Abdullahi     Rabiu Kwankwaso     Sobi     Ilorin Water Reticulation     Tunde Oyawoye     Ali Ahmad     Lukman Adeloyin     Kubra Kazum     Danhawa     Kwasu     Al-Hikmah Radio     Budo-Egba     Oye Tinuoye    

Cloud Tag: What's trending

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

Emir Of Lafiagi     Moshood Mustapha     Onikijipa     Dar-Al-Handasah Consultants Ltd     Razaq Ayobami Akanbi     Durbar     Lanre Aremu     Asa     Shururat Olatinwo     Ishaq Oloyede     Kwha.gov.ng     Toyin Saraki     Fareedah Dankaka     PPS     Al-Hikmah University     Yusuf Abdulkadir     Labour Party     Dasuki Belgore     NNPP     Principal Private Secretary     Iyaloja-General     Yusuf Lawal     Mary Arinde     Valsolar-Kwara Company Limited     Sherif Sagaya     Igbomina     Chief Imam Of Omu-Aran     Titus Ashaolu     Abdulmalik Bashir Mopelola Risikatullahi     Magaji Nda     Sarkin Malamai     Rabiu Kwankwaso     Adamu Ibrahim Sabi     CKNG     Roheemat Hammed     Noah Yusuf     Alapado     Kola Bukoye     Umar Ahmed Gunu     Femtech     Oko Erin     Ekweremadu     Manzuma     Mashood Dauda     John Olajide Adedipe     Sayomi     Abdulrahman Abdulrasak     Ibrahim Abdulqadir Abikan     Oluronke Adeyemi     Abdulrazaq Sanni     Opobiyi     Emmanuel Bello     MATTA Girls Foundation     Abdullahi Adisa Akodudu     Kpotum Mohammed Baba     Gambari     Maryam Ado Bayero     Bayer AG     Ndakene     Oja-Oba     Osi     Senate President     Isiaka Danmeromu     Pacify Labs     Democracy Day     Biliaminu Aliu     Ado Bayero     Vishvas KOZ Tractors     Unilorin     Funmilayo Isiaka Oniwa     Oko     Owo Isowo     Innocent Okoye     Abdulmumini Jawondo     CCT     Naira Redesign     Muhammad Mustapha Suleiman