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.

Bukola Ajikobi     Sa\'adu Gambari     Wakilin Mata Lafiagi     Aisha Abodunrin Ibrahim     Bello Taoheed Abubakar     Face Masks     Kwara Volleyball Association     Kwara State Governor     Moronfoye     Isiaka Oniwa     Omoniyi Ayinla     Maigida Soludero Transit     Ajibola Saliu Ajia     Bisi Kristien     Teachers Specific Allowance     IESA     TVC Female National Debate     AGM Professional Services     Oloje     Universal Basic Education Commission     Babatunde Ishola Babaita     Toyin Falola     Abdulhakeem Adelaja Amao     National Association Of Nigerian Students     Firdaos Amasa     Valsolar-Kwara Company Limited     A.E. Afolabi     Ahman Pategi University     Ayodele Shittu     Al-Adaby     Pakata Patriots     Femi Agbaje     Okala Baba     AbdulRazaq AbduMajeed Alaro     David Oyepinola Adedumoye     Kwara State Health Insurance Agency     Abdulganiyu Salahudeen     Mahmud Ajeigbe     Femi Ogunsola     Rafiu Olasile     Babs Iwarere     Folorunsho Alao     Aisha Buhari     Abubakar Lah     SARS     Oloruntoyosi Thomas     Alabi Lawal     Aliyu Muhammed     Muhammed Danjuma     08001000100     Ishak Mohammed Sabi     Gbenga Adebayo     Salihu Yahaya     Kazeem Gbolagade     Afetu Of Alabe     Peculiar Allowance     Abiodun Abdulkareem     Donatus Ejidike     Basit Olatunji     Okanlawon Musa     Hamza Usman     Kwara State Fish Farmers Association     United Nigeria Congress Party     Aliyu Muhammad Saifudeen     Abdullahi Atanda     Adamu Jemilat-Baki     AbdulRazaq Jiddah     Admiralty Villa     Taofik Abiodun Ahmed     Gobir     ITP     Demola Banu     Olaitan Buraimoh     Ahmed     Salary     Tunji Oyawoye     Obuh    

Cloud Tag: What's trending

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

Saka Abimbola Isau     Oluwarotimi Boluwatife Adenike     Islamic Development Bank     IQRA College     Ishola Balogun Fulani     Kwara State Sports Commission     Theophilus Oyebiyi     Oro Grammar School     Aliyu Kora-Sabi     Turaki     Ibrahim Sulu Gambari     Olumide Daniel Ibitoye     Madawaki     Falokun-Oja     Gbenga Adebayo     Abubakar Lah     Kale Belgore     Onilu     Okedare     Tafida Of Kaiama     Raliat AbdulRazaq     Moses Adekanye     Ibrahim Issa Jetti     Salihu Yahaya     Quarry Royal Valley     Bola Olukoju     Abubakar Imam     Salihu S. Yaru     Ajase-Ipo     Tanke     Kwara NIPR     Adedayo Yusuf Abdulkareem     Dogara     YAKOOYO     Yusuf Abdulraheem     Mohammed Kamaludeen     Gobirawa     Tsaragi     Muazam Nayaya     Abdulmajeed Abdullahi     Issa Manzuma     Funmilayo Zubair     Yusuf Mubarak     Idris Garuba     Saliu Tunde Bello     Sadiq Umar     Yusuf Lawal     Samuel Elizabeth Keatswa     Olajumoke Monsura Gafar     Raimi Iyanda     Imodoye Writer’s Enclave     Www.Kwarareports.com     Bature Bello     Abdulrazak Shehu Akorede     Alabi Olayemi Abdulrazak     Micheal Imodu-Ganmo Road     Muritala Olarewaju     Mohammed Saidu     Sanusi Abubakar     Federal Road Maintenance Agency     Abdulsalam Firdaous Amosa     Olatunde Olukoya     Rafiu Olasile     Bola Sagaya     Towoju     Alikinla     Garba Ayodele Wahab     Muritala Awodun     Ayo Opadokun     Sulu Gambari     Segun Abifarin     Adamu Atta     Jeunkunu-Malete-Bani     Kolawole Bashirat     TVC Female National Debate     Apaola     Saidu Kawu