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.

Abdulkadir Remi Hawawu     Salman Alada     Nigerian Medical Association     Abubakar B.M     NURTW     Photo News     Yusuf Ibitokun Sherifat     Sabi     Offa Descendants Union     Olatunde Olukoya     Olufolake Abdulrazaq     Samuel Olusegun Adedayo     Belgore     Federal College Of Education (Special), Afon     PharmAccess Foundation     Abdulrasheed Lafia     Shehu Alimi Foundation For Peace And Development     Ekiti     IYA ALFA NLA     Royal FM     Ahmad Olanrewaju Belgore     Zara Umar     Awili Pedro     Baruba     Lanre Olosunde     Alliance For Democracy     Olofa Of Offa     Al-Hikmah Radio     Sarah Alade     Hassan Taiye Salam     Kulende-UITH     Segun Olawoyin     Ibrahim Abdulkadir Abikan     Tope Daramola     Mohammed Ibrahim     Yusuf Amuda Abubakar     Dairo Kunle Paul     Kwara-SAPZ Project     Laboratory-to-Product     SSA Youth Engagement     Doyin Awoyale     CT Ayeni     Saeedat Aliyu     Ilesha-Gwanara     MalHub     Fatimat Saliu     Young Progressives Party     Sabi     Ilorin Emirate Staff Association     Abdulmumini Jawondo     Maigida     Olatinwo     Olabimpe Olani     Vasolar     Alabi Olayemi Abdulrazak     Shehu Raheem Adaramaja     Senate     Muslimah Entrepreneurship Forum     Mukhtar Shagaya     Hamidat Sulyman-Yusuf     Ifelodun     CUTI     Kudirat Arinola Lawal     Moses Adekanye     Abdulkadri Ahmad Alaiye     Ahman Pategi University     Ishola Abdullahi     Temitope Ogunbanke     Mashood Dauda     Ilorin Innovation Hub     Yusuf Abdulwahab     Salman Jawondo     Buhari     Alore     Tescom.kwarastate.gov.ng     Tunji Ajanaku     March 28    

Cloud Tag: What's trending

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

MalHub     Principal Private Secretary     KWASAA     Muhammad Yahya     Olatomiwa Williams     Democracy Day     Gobir Organization Foundation     Moshood Kashimawo Abiola     Centre For Digital Economy     Oyawoye     Temitope Ogunbanke     Lithium Deposit     Ado Ibrahim     Harafat E. Mukadam     Madawaki Of Ilorin     Yomi Ogunsola     Rotimi Samuel Olujide     Aminu Ado Bayero     Kwara United     Muslim Cementary     Computer Based Test     Afin Descendants Union Of Odo-Owa     Simeon Sule Ajibola     Presidential Election     Doyin Agbamu     Abdulwahab Oba     Medview Airlines     Kale Ayo     Jimoh Olusola Imam     Ayobami Akanbi     Aliyu U. Tilde     Mashood Abdulrafiu Agboola     Kayode Issa     Abdullateef Abdussalam     Abdulrasaq Alaro     Mohammed Katsina Ahmed     Dogara     Iyaloja-General     Isau     Raimi Iyanda     Olatinwo     Salihu Yahaya     Odogun Olushola Gabriel     Ajuloopin     Yusuf Badmus     Oju Ekun Sarumi     Nigeria Computer Society     Alloy Chukwuemeka     Yahaya Dumoye     Arca Santa     Raliat AbdulRazaq     Abdulkadir Jimoh     Salaudeen Oyewale     Joshua Adeyemi Adimula     TVC Female National Debate     Elese Of Igbaja     Mumini Ishola Hanafi     Ilorin     Ramadan     Offorjama     Olokoba     Mohammed Kamaludeen     Women For Change And Development Initiative     Jumoke F. Ajao     IESA     Saka Keji     Oke-Ode     Abdulfatai Salman Baakini     Haruna Olawale Sulaiman     Alabere     Apado     Facebook     Twitter     Ilorin Innovation Hub     Dunmade     Abdulraheem Yusuf     REO CAKES