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.

Abdulmutalib Shittu     Sayomi     AbdulRazaq Abubakar Jiddah     Onilu     ASMAU PLAZA     Jimba Babatunde     Undergraduate Bursary     Twitter     Adamu B. Yaqubu     Taofeeq Olateju     Monsurat Omotosho     Muhammad Mustapha Suleiman     Sheikh Ridhwanullah     Hassan A. Saliu     MMWG     EndSARS     Aliyu Adebayo     Sai Kayi     Olatunji Ayeni     Oba-Solagberu     Omotosho     Share-Tsaragi     Jumoke Monsura Gafar     Orisa Bridge     SWAN     Amina El-Imam     Ogbondoroko     Ibrahim Jawondo     Oloye     Yusuf Mubarak     Offa     KFA     Iqra Books     Simeon Ajibola     Yemi Sanni     Gbajabiamila     Amasa     Toun Okewale-Sonaiya     Ahmad Lawan     Imam Gambari     Umar Ayinla Saro     Saad Omo Iya     Saduki Lafiagi     Hameed Oladipupo Ali     Aliyu Muhammad Saifudeen     Ajikobi     Isiaka Abdulrazak     Isapa     Adebara     International Public Sector Accounting Standards     Baba Issa Awoye     Kolo     Computer Based Test     Nigerian Army     Rebecca Bake     Alumni Association Of The Federal Polytechnic Offa     Damilola Yusuf     Adisa Logun     Patigi Regatta     Roseline Oni Aremu     Umar Sanda Yusuf     Jide Ashonibare     Kwabes     Ejidongari     KWASEIC     GGDSS Pakata     Ilorin Talaka Parapo (ITP)     Adam Abdullahi Al-Ilory     Muhammad-Mustapha Suleiman     Muazam Nayaya     Kunle Suleiman     Jimoh Akani     Saidu Kawu     Yusuf AbdulRasheed     Kale Kawu     Jeunkunu-Malete-Bani     Pakata    

Cloud Tag: What's trending

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

Ibrahim Kayode Adeyemi     Bayer AG     Oyelere Oyinloye     Kwara Coalition Of Business And Professional Associations     Ndama Al-hassan     Omoniyi     Ibrahim Mashood     Rihanat Ajia     Funmilayo Mohammed     Vasolar Consultoria     Ilorin Anchor Men And Women     Eleyele     11th Galadima     Omar Bolaji Gambari     Afonja     Government Girls’ Day Secondary School Pakata     Millennium Development Goals     Salami Adekunle     Transition Implementation Committee     Amos Justus Sayo     Ayotunde Emmanuel Alao     Ahmed Mohammed Rifun     Abiodun Musa Aibinu     Computer Based Test     Akorede     Abdulkadir Orire     Tsaragi     Yoonus Lawal     Ibrahim Issa Jetti     Oko-Erin     Emir Of Kano     Saliu Oluwole     IsDB     Sobi FM     Abdulwahab Olarewaju Issa     Kwara State Football Association     Abdulganiyu Salahudeen     Otuka     Labaeka     Dele Momodu     Ilofa     Doyin Group     Ibrahim Agboola Gambari     Adeola Abraham     Abubakar Suleiman     Chief Imam Of Offa     Kola Shittu     Yekeen Alabi     Alikinla     Umar Danladi Shero     Offa Poly     Ayinke Saka     Post Utme     Senior Staff Union Of Colleges Of Education     Garba Dogo     Ahmed     Razak Atunwa     Awwal Jawondo     AbdulRahman Saad     Simon Sayomi     Kwara University Of Education     Sheikh Ridhwanullah     Amuda Aluko     Isiaka Gold     Code Of Conduct     Abubakar Imam     Adebayo Mohammed Kamaldeen     Adamu B. Yaqubu     Ashiru     Shero     Sherif Sagaya     Kwara State Council Of Chiefs     Mohammed Ibrahim     Bluenile Associates     Adam Abdullahi Al-Ilory     Harrison Osauwagboe     James Kolo