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.

Abdulrasheed Lafia     Facebook     Royal FM     Omar Gambari     Abdulwahab Olarewaju Issa     Mike Omotosho     High Court     Yusuf Abubakar     Babatunde Idiagbon     Ganiyu Abolarin     Dele Momodu     Turaki Of Ilorin     Adamu Ibrahim Sabi     Funke Adedoyin     BIR     Gbemisola Saraki     Babaloja-General     Yusuf Badmus     IEDPU     Isiaka Gold     MMWG     Oke-Ero     Sam Onile     Oba David Oyerinola Adedunmoye     Oniwasi Agbaye     NFAI     Dar-Al-Handasah Consultants     M.Y. Abdulrahaman     Ayobami Seriki     Kazeem Oladepo     Abdulkadir Bolakale Sakariyah     COVID     Niyi Osundare     Idris Garba     Sheikh Ridhwanullah     Olayinka Are     Olusola Saraki     Ishaq Oloyede     Ramadhan     Frootify     Suraj Tunji Oyewale     Saba Jibril     Centre For Community Empowerment And Poverty Eradication     Gbugbu     Ayinde Oki     Unilorin     Alumni Association Of The Federal Polytechnic Offa     Aro Yahaya     Modibo Kawu     Oniye     Tosin Saraki     Post Utme     Saheed Alakoso     Bolaji Nagode     Modupe Oluwole     Lukman Adeloyin     Talaka Parapo     Ubandawaki     Majlis For Sadakah, Zakat And Waqf     IHS     Chief Imam Of Lafiagi     Timothy Olatunde Fadipe     Eleyele     Okeose Christian Cementary     Oluwarotimi Boluwatife Adenike     Abubakar Atiku     Alapansapa     Imodoye Writer’s Enclave     Sunset Workers     Olayinka Olaogun     Yeketi     Bashir Omolaja Bolarinwa     Yakub Ali-Agan     Erin-ile     Segun Abifarin     Isaac Aderemi Kolawole     Alfa Modibo Belgore    

Cloud Tag: What's trending

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

CELF     Hassan Oyeleke     Lithium     Air Peace     Usman Alkali Baba     Neo Mundo Ltd     Femtech     Surajudeen Akanbi     Isiaka Yusuf     Kola Olota     MMWG     Erin-ile     Sobi FM     Sheu Ndanusa Usman     Jimoh Saadudeen Muhammed     Ganmo Power Sub-Station     Omotoso Musa     Suleiman Ajadi     SSA Youth Engagement     Musibau Akanji     Muslim Stakeholders Of Kwara State     Emmanuel Olatunji Adesoye     Vasolar     Ilorin Emirate Stakeholders Forum     Christopher Ayeni     Azeez Salawu     Abdulmumini AbdulRazaq     Musa Alhassan Buge     Sardauna Of Ilorin     Minister     Lateef Ademola Olatunji     3MTT     2017 Budget     Taofik Abdulkareem Babaita     Simeon Sayomi     Lucky Omoluwa     Saadu Alanamu     Afonja Descendants Union     Gobir Organization Foundation     Col. Adedipe     Yusuf Lanre Badmus     Afin Descendants Union Of Odo-Owa     Opobiyi     Baba Adini Of Kwara State     Ilorin Central Mosque     Binta Sulyman     University Road     Yunus Lawal     Yaman     Abdulraheem Yusuf     Shehu Adaramaja     Nigeria Association Of Women Journalists     Muhammadu Gobir     Balogun Fulani     Alagbado     Ahmed Mohammed Rifun     Savannah Centre For Diplomacy, Democracy And Development     Apaokagi     Abatemi-Usman     Eruku     Samari     Suwa-Arabs     ANCOPPS     Benin Republic     Ishaq Salman     Shaaba Lafiagi     Ado Ibrahim     Bola Sagaya     Basit Olatunji     National Union Of Road Transport Workers     Sobi Hill     Apado     Dankaka     Ilofa     Sango-UITH Road     Agbarigidoma     Umar Ayinla Saro