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.

Wahab Femi Agbaje     Aishat Mohammed Lawal     Abdul Jimoh Mohammed     Aliyu Muhammad Saifudeen     Abiodun Oyedepo     Ayodele Shittu     Mohammed Ghali Alaaya     Obuh     Idowu Aremu     ASKOMP     College Of Arabic And Islamic Legal Studies     Adamu Ibrahim Sabi     Taofeek Ibraheem     Surajudeen Akanbi     HAMFAT Clinic And Maternity     Pakata     Universal Basic Education Commission     The Herald     Mohammed Yisa     Ajia-Bako     Ishaq Oloyede     Aliyu Sabi     Tsaragi/Share     Tunde Saad     Timothy Olatunde Fadipe     Olokoba     Kwara South     Saliu Ajia     Olateju Lukman     Seun Bolaji     Ethical College     Sherif Shagaya     Oba Mogaji Abdulkadir     Saad Omo Iya     Jimba Babatunde     CBT     Taofik Abdulkareem     Kazeem Adekanye     Mohammed Haruna     Al-Hikmah University     Quranic Recitation Competition     ER-KANG Mining     Umar Danladi Shero     Oloye     Musa Abdullahi     Abdullahi Samari     Abdulazeez Arowona     Wahab Abayawo     Henry Olaosebikan     Kwara State Polytechnic     Gbenga Awoyale     Yaman     Ado Ibrahim     Kazeem Gbolagade     Mary Kemi Adeosun     Economic And Financial Crimes Commission     Ayobami Akanbi     SGBN     Radio SBS     Galadiman Ngeri     Abdulrazak Shehu Akorede     Lotus Bank     T And K FOODS     Dagbalodo     Erin-ile     Salami Adekunle     Centre For Digital Economy     Akande Idowu Ayoola Muhammed     Niyi Ogundiran     Suleiman Idris     Hassan Abdulazeez Elewu     Shuaibu Yaman     Ilorin Talaka Parapo (ITP)     Suleiman Ajadi     Hamidat Sulyman-Yusuf     Ilesha-Baruba     Playing Host    

Cloud Tag: What's trending

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

Adijat Adebiyi     Ado Bayero     Gamji Members Association     Moses Rahman Popoola     Ahmed Bolaji Nagode     Shonga     Sobi     Vasolar Consortium     Aliyu Kora Sabi     Joseph Alex Offorjama     Olokoba     Jide Oyinloye     Federal Road Maintenance Agency     Olofa Of Offa     Mumeen Lah     Ishola Moses Abiodun     Sa\'adu Salau     Jumoke Monsura Gafar     AIT Ilorin     Eghe Igbinehi     Sarafadeen Kayode Akorede     Kolo     Anilelerin     Salihu Yahaya     Yakub Lai Gobir     Gbemi Saraki     Michael Nzwekwe     Shaykh Luqman Jimoh     Emir Of Lafiagi     SDP     KWAFFA     Simeon Sule Ajibola     Olatunji Abdulmumeen     March 28     Kwara Primary Health Care Development Agency     Wasiu Odewale     Kudirat Arinola Lawal     Owo Arugbo     Galadiman Ngeri     Forgo Battery Company Limited     Ajayi Okasanmi     Zulu Gambari     Jimba Babatunde     Shade Omoniyi     Muhammad Ghali Alaaya     Amos Justus Sayo     Shero     Dasuki Belgore     Abdulrauf Yusuf     Mamman Saba Jibril     Oyun     David Oyerinola Adedunmoye     Kwara State Printing And Publishing Corporation     Akom Construction And Engineering Synergy Ltd     Olomu     Abdulazeez Arowona     KWSIEC     Kwara-SAPZ Project     Academic Staff Union Of Universities     Aiyedun     Yusuf Badmus     JAAC     Kolade Solagberu     Dauda Adeniran Adeshola     Christopher Tunji Ayeni     Coalition Of Kwara North Groups     Bola Sagaya     Hussein Oloyede     Convocation Ceremonies     Ibrahim Abdullahi     KWASSIP     Abdullahi Saadudeen Alikinla     Yusuf Amuda Aluko     Moses Adekanye     Okoolowo     Olota Of Odo-Owa     Olugbense