$18m Devt Grant: Kwara Meets World Bank

Date: 2019-12-01

Kwara State government officials have met with a delegation of the Independent Verification Agents (IVAs) as part of a competitive bid to access $18m grant from the World Bank to fix infrastructural deficit.

Chairman of Kwara's Steering Committee of the State Fiscal Transparency, Accountability and Sustainability for Result (SFTAS), AbdulAzeez Oyelowo said the IVA team was visiting to check the state's compliance with the criteria required for any state to be given the grants.

Governor Abdulrahman Abdulrazaq had earlier constituted the steering committee ahead of the meeting with the World Bank's IVA to make a strong case for Kwara as it continually meets all the requirements.

Oyelowo, who is the permanent secretary of the Ministry of Planning, said Kwara has satisfied the first criteria which includes ensuring transparency and accountability, added that the project begun since 2018 and would continue until 2021 even though only qualified states would get the grants.

"The federal government secured a loan of $750 million from the World Bank, out of which $700million is for states that are performing in terms of ensuring fiscal responsibility, transparency and good governance at the subnational level," he said.

He added, "In accessing this, they came up with certain criteria for state to qualify for assessment. Apart from two eligibility criteria states must meet in the first place, there are other indicators that serve as parameters on which each state will be assessed. The first criterion any interested state must meet is to publish its annual budget online on or before February of the year.

"Secondly, the audited financial statement must be ready on or before September of the following year. Kwara State met these two criteria. So, the IVAs are here to assess the nine indicators ranging from budget reliability, improved Internally generated revenue, and other parameters of good governance."

Kwara is entitled to a maximum $18m of the $700m grant.

Kwara State Internal Revenue Service chairman, Folashade Omoniyi said the IVA's visit was to evaluate the state of the 2018 SFTAS exercise, a development she noted will help them improve on the result in the fiscal year.

Adeagbo Ademola, the head of the IVAs team from the office of the auditor general of the federation, said Kwara is one of the states that have excelled in the first stage of assessment and that the visit was to assess its continuous performance on other key indicators.

"The state, after meeting all the criteria at the end of the exercise, will get its money released between February and March next year," he added.

Source

 

Cloud Tag: What's trending

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

GAMA     Yakubu Mohammed Abdullahi     Moremi High School     Neo Mundo Ltd     ENetSuD     Onilorin Of Ilorin     Kolawole Bashirat     Ronke Adeyemi     Obasanjo     Abdulwasiu Bolaji Adeyi     Jamila Bio Ibrahim     Academic Staff Union Of Universities     Abdulahi Abubakar Bata     Offa Grammer School     Moses Salami     Taofik Abiodun Ahmed     Alloy Chukwuemeka     Akande Idowu Ayoola Muhammed     Adamu Attah     Olayinka Oladapo Jogunola     Micheal Imodu-Ganmo Road     Wahab Femi Agbaje     Salman Suleiman     NTA Ilorin     Shuaib Olarongbe     Kwara Politics     Mubarak Oladosu     Medview Airlines     Okin Biscuit     A.G.F Abdulrasaq     Ramadan     Abdulsalam A. Yusuf     KWACOBPA     Joshua Adeyemi Adimula     Lateef Fagbemi     Gbajabiamila     Wahab Isa     Abdullahi Biffo     International Public Sector Accounting Standards     Oloye     Kulende-UITH     Suleman Abubakar     Kaiama     Aliyu Alhassan     Yeketi     Hamza Usman     Tafida Of Kaiama     SWAN     Lucky Omoluwa     KWTV     Ado Bayero     Kwara South     Government Girls’ Day Secondary School Pakata     Arinola Fatimoh Lawal     Otunba Taiwo Joseph     Sabi     Abiodun Abdulkareem     Iyiola Oyedepo     Innocent Okoye     Tunji Arosanyin     Paul Odama     Atiku Abubakar     Mike Omotosho     Agor     New Naira Notes     Abdulrahman Abdullahi Kayode     Savannah Centre For Diplomacy, Democracy And Development     Rabiu Kwankwaso     Baboko Primary School     General Hospital, Offa     Olatunji Ayeni     Razak Atunwa     Musibau Akanji     Isa Aremu     Tunde Idiagbon Road     Isaac Gbenle     Rafiu Olasile    

Cloud Tag: What's trending

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

Wahab Abayawo     International Aviation College     Kwara State Polytechnic     Abdulkadri Ahmad Alaiye     Pakata     Sheikh Ridhwanullah El-ilory     NURTW     CKNG     Esinrogunjo     Oasis Muslim Care Foundation     Niguel Gallando Marcias     Ahmad Fatima Bisola     Abdulazeez Uthman     Junior Secondary School Certificate Examinations     Edu     GANZY     Okin Biscuits     Adesoye College     High Court     Sola Saraki University     Elewu     Abiodun Musa Aibinu     BECE     Garba Ado Sanni     Abdulrahman Abdulrazak     AbdulRazaq Abubakar Jiddah     NIPR     Ilorin Talaka Parapo (ITP)     Code Of Conduct     Okiki     Kaiama     Abdulkarim Adisa     Abdulrahman Abdulrazaq     Kwara State Fire Service     Amina El-Imam     Oyedepo     Col. Ibrahim Taiwo     Roheemat Hammed     Centre For Community Empowerment And Poverty Eradication     Albert Ogunsola     Baba-Isale     Musa Abdullahi     Mahmud Ajeigbe     Kisira     Yoonus Kola Olatinwo     Olayinka Jelili Yusuf     Majlis For Sadakah, Zakat And Waqf     Olaiya Victor Mobolaji     Trade Lenda SME Fair     Fola Consultant     Shagari     Ibrahim Orire     Bamidele Adegoke Oladimeji     V.O. Abioye     Muhammad-Mustapha Suleiman     Abdulrasheed Lafia     Ibrahim Abiodun     Gbenga Olawepo     Kwara TV     Aliyu Alhassan     Gwanara     Olokoba Sulyman     Atiku Abubakar     Abdulfatai Baakini     Yusuf Aiyedun     Shonga Farm Project     Lanre Jimoh     Haruna Olawale Sulaiman     Salami Adekunle     Kayode Alabi     Olukotun Of Ikotun     Abdulwahab Olarewaju Issa     Jide Oyinloye     Amule     Kwara Central     Saba Jibril     Moses Afolayan