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.

Kwara State Infrastructure Development Fund     Lanre Jimoh     New Nigeria People’s Party     Owo Arugbo     Kayode Laro     Old Oyo     Suraj Tunji Oyewale     March 28     Col. Taiwo     Chartered Institute Of Personnel Management Of Nigeria     Damilola Yusuf     Lithium     Risikat Lawal     Ahmed Ayinla Jimoh     KWASSIP     Muhammed Taofeeq Abdulrazaq     Tsaragi/Share     Arandun     National Broadcasting Commission     Raliat AbdulRazaq     Shuaibu Yaman     AGF Abdulrazaq     Ifelodun     Salman Suleiman     Jimoh Akani     AIT Ilorin     Ebun-Olu Adegboruwa     Saba Mamman Daniel     Shehu Jimoh     Just Event Online     Sheu Ndanusa Usman     Sambo Murtala     Young Progressives Party     Oyawoye     Standard Organization Of Nigeria     Iyiola Oyedepo     College Of Education     Bisi Kristien     Kaiama     Turaki Of Ilorin     Ojuekun     Ibraheem Abdullateef     Folorunsho Erubu     Erubu     Sidikat Uthman Ajibola     Durbar     Academic Staff Union Of Universities     Oke-Oyi     Olosi Of Osi     Mohammed Abdulahi     Abatemi-Usman     Congress For National Consensus     Sabitiyu Grillo     Rasheed Jimoh     United Nigeria Congress Party     Waheed Ibrahim     Haashim Initiative For Community Advancement     REO CAKES     Mustapha Akanbi     Baba Isale     Mufutau Gbadamosi Esuwoye     Aliyu Salihu     Salihu S. Yaru     Rotimi Oyedepo     Adeola Abraham     Eleja     Oke-Odo     Pakata Development Association     Babatunde Ishola Babaita     Michael Nzwekwe     Yomi Adeboye     HAMFAT Clinic And Maternity     Segun Adeniyi     Aso Ofi     Oke-Ode     Oloriegbe     Shola Odetundun    

Cloud Tag: What's trending

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

Ibrahim Agboola Gambari     Stephen Fasakin     Adesina Simon Sodiya     Shuaib Abdulkadir     Ibikunle Ogunleye     Laduba     Kolawole Bashirat     Shururat Olatinwo     Samuel Adedoyin     Ayotunde Emmanuel Alao     Ope Saraki     NIPOGA     Bibire Ajape     Amos Sayo     KWTV     IQRA College     Adegoke Bamidele     Simon Sayomi     Ishola Abdullahi     Baruten     Demola Banu     Gobirawa     Kola Adesina     Bola Sagaya     KWASAA     KwaraLearn     New Naira Notes     General Tunde Idiagbon International Airport Ilorin     Yusuf Abdulraheem     Kolawole Akande     Shehu Salau     Olayinka Oladapo Jogunola     Okin Malt     Bio Ibrahim     Babatunde Idiagbon     IHS     Boko Haram     Rasheed Jimoh     Abubakar Imam     Moshood Bakare     NAWOJ     Ayeyemi Sulaiman     Oluwatoyin Lukman     Islamiya Abdulraheem     Ilesha Gwanara Road     Hussein Olokooba     Bamidele Adegoke Oladimeji     MalHub     Durosinlohun Atiku     Muhammad Sirajo Aliyu     Joshua Adeyemi Adimula     Ashiru     Ahman Patigi     Alapansapa     Saka Onimago     Wahab Isa     Prince Mahe Abdulkadir     Abdullahi Dasilva Yussuf     Issa Baba     Olokoba Abdullahi Ayinla     Maigida Soludero Transit     N-Power     Bayo Ojo     Niyi Osundare     Dan Masanin     Unicontinental Construction Company     Ayinke Saka     MMWG     Mustapha AbdulGaniyu     Cornelius Adebayo     Afetu Of Alabe     Vasolar Consortium     Olatunji Moronfoye     Magaji Are     Joseph Alex Offorjama     National Party Of Nigeria     Share/Tsaragi