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.

Frootify     April 11     Veterinary Teaching Hospital     Abdulrasaq Alaro     Salake     Abdulhakeem Adelaja Amao     Abdulrahman Abdullahi Kayode     Magaji Are     Sam Onile     CT Ayeni     Haleeman Salman     Ibrahim Bio     International Vocational Centre     Nigeria Customs Service     Alfa Yahaya Road     EFCC     Saliu Oluwole     Ola Falade     Yomi Adeboye     AbdulRazaq Abubakar Jiddah     Abdulrahman Abdulrasak     Abdulrasheed Na\'Allah     Aminu Adisa Logun     Yusuf Amuda Abubakar     Kwara Central     Ubandoma Of Ilorin     Shuaib Jawondo     Shuaib Olarongbe     Ifelodun     NTA Ilorin     Convocation Ceremonies     Col. Taiwo     Muhammed Aliyu     Oyin-Zubair     Lateef Alagbonsi     Lanre Issa-Onilu     Jani Ibrahim     National Party Of Nigeria     Sa\'adatu Modibbo-Kawu     Law School Scholarship     Abdulrasheed Lafia     Solomon Edoja     Funmilayo Isiaka Oniwa     Lanre Badmus     Muhammad Mustapha Suleiman     Adedayo Yusuf Abdulkareem     Tunji Folami     Dagbalodo     Edret Sabi Abel     Umar Ahmed Gunu     Yusuf Abdulraheem     Bola Iyabo Ibiyeye Adisa     UNILORIN Alumni Association     Ishola Balogun Fulani     Aso Ofi     John Obuh     Olomu Of Omu-Aran     Igbaja     Bola Shagaya     Abubakar Olusola Saraki     Elerin Of Erin-Ile     Chemiroy Nigeria Limited     Oba Sulaiman Asude     Offa Poly     Khadijat Ayoola Yusuf     Suleiman Yahya Alapansapa     Oya State     Kunle Suleiman     Grillo     Saka Balikis Kehinde     Oke-Oyi     Boko Haram     Sola Saraki University     Ridhwanullah Al-Ilory     Bello Oyedepo     Simeon Sayomi     Omoniyi Ayinla    

Cloud Tag: What's trending

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

Yashikira     Abdulrasheed Na\'Allah     Yusuf Mubarak     Olufolake Abdulrazaq     Biliaminu Aliu     Emir Of Kano     Illyasu Abdullahi     JAAC     Nigeria Computer Society     Edret Sabi Abel     Ilorin Durbar     Abdulquowiyu Olododo     Oluwarotimi Boluwatife Adenike     Baba Issa     Yahya Mohammed     Ilorin Talaka Parapo     Afonja     Oba-Solagberu     Bayo Onimago     Yusuf Ibitokun Sherifat     Taibat Ayinke Ahmed     Ahmed Bayero     Oba Abdulkadir La\'aro     AbdulFatai Adeniyi Dan-Kazeem     Abegunde Goke     SWAN     Agboola Babatunde     Ayinke Saka     Tope Daramola     March 28     Sabitiyu Grillo     Elerin Of Adanla Irese     Asa LGEA School     Tinubu Legacy Forum     AGILE Programme     Twitter     Gurei     Abdulkadir Akanbi-Oke     Aminu Ado Bayero     Federal Polytechnic Offa     Yusuf Olaolu Ali     Odolaye Aremu     Economic And Financial Crimes Commission     Lithium     Quareeb     Kayode Oyin Zubair     Issa Baba     Dan-Kazeem     Muhammad Yahya     Ben Duntoye     Hameed Oladipupo Ali     Ajayi Okasanmi     Ilorin Emirate Stakeholders Forum     Innocent Okoye     Fatimat Saliu     Offa     IFK     Mary Kemi Adeosun     UTME     Bolakale Ayo     Yomi Ogunsola     MMWG     Danhawa     Waziri Yakubu Gobir     Kwara State Governor     Abraysports FC     Abdullateef Abdussalam     Metro Park     Abdulrasaq Alaro     New Naira Notes     Oluwole Dupe     Ahmad Belgore     Kwara Poly     Saka Keji     Aishatu Ahmed Gobir     Adisa Logun     Peculiar Allowance