$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.

Curfew     Ibrahim Abikan     Raliat Elelu-Habeeb     Boko Haram     Joshua Adeyemi Adimula     Segun Abifarin     Abdulganiyu Salahudeen     Ahmad Olanrewaju Belgore     John Olajide Adedipe     Isiaka Alikinla     Abdulmumini AbdulRazaq     Ilorin Likeminds Foundation     Rafiu Ajakaye     Ophthalmological Society Of Nigeria     Raji AbdulRasaq     ITEM 7     Aliyu Kora Sabi     Ilorin Like-Minds     March 18     Monthly Sanitation     Undergraduate Bursary     KWASSIP     Olatunji Ayeni     Suleiman Abubakar     Ogbondoroko     Oke-Ogun     Tunji Oyawoye     Umar Gunu     Kwarareports.com     Adedipe     Saka Adeyemo     Hassan Saliu     JMK Construction Company Limited     Awodun     Oba David Oyerinola Adedunmoye     Suleiman Alege Kuranga     Patience Jonathan     Mahmud Durosinlohun Atiku     Special Agro-Industrial Hub     Code Of Conduct Bureau     Cornelius Adebayo     Musbau A. Akanji     Elections     Islamic Development Bank     Dankaka     School Of Nursing     UNILORIN Alumni Association     Rachael Obisesan     Olatinwo     Muhammed Danjuma     Kamaldeen Gambari     Adegoke Bamidele     Yakubu Dogara     Ayodele Kuburat Olaosebikan     Kwara South     Abdulkadir Akanbi-Oke     Babata     Alfa Modibo Belgore     Charles Ibitoye     IYA YUSUF     Hamza Usman     A.E. Afolabi     Muhammed Aliyu     Elerinjare-Ibobo     Mary Arinde     Olanrewju Okanlawon Musa     Sheu Ndanusa Usman     Opobiyi     Sheikh Ridhwanullah El-ilory     Bola Magaji     PharmAccess Foundation     Kwara Coalition Of Business And Professional Associations     LEAH Charity Foundation     Gobir     Wasiu Odewale     Kehinde Baale     Bluenile Associates    

Cloud Tag: What's trending

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

Hussein Olokooba     Abdullahi Samari     KWASSIP     Shaaba Lafiagi     Titus Suberu-Ajibola     Oke-Ogun     Temitope Ogunbanke     Saduki Lafiagi     Bolakale Kawu Agaka     Lithium     Umar Adelodun     Mohammed Ghali Alaaya     Monsurat Omotosho     Ahmad Olanrewaju Belgore     Olusin Of Ijara Isin     AbdulQowiy Olododo     Adam Abdullahi Al-Ilory     Abioye Bello     Ajibike Katibi     Moses Adekanye     School Of Nursing     SUBEB     Ibrahim Kayode Adeyemi     Umar Danladi Shero     Universal Basic Education Commission     Alabere     Ilorin Descendants Progressive Union     Samuel Adedoyin     Ebun-Olu Adegboruwa     Musbau A. Akanji     Assayomo     Woro     Olabimpe Olani     CKNG     KSIRS     Ajase-Ipo     Abdulwahab Oba     Yeketi     Abubakar Suleiman     TVC Female National Debate     Leke Ogungbe     NaAllah     SARS     Aliyu Kora Sabi     Mohammed Katsina Ahmed     AbdulHamid Adi     Agboola Babatunde     Nigeria Customs Service     National Party Of Nigeria     Awili Pedro     Salau Kabiru Abdullahi     C2c@kwarastate.gov.ng     Ilorin International Airport     Jumoke F. Ajao     Jide Ashonibare     Unilorin     NTA Ilorin     Bolaji Abdullahi     Dar-Al-Handasah Consultants     Ilorin Durbar     Abdulraufu Mustapha     Toyin Falola     Adamu B. Yaqubu     Abdulquawiy Olododo     Olatunde Michaels     Oyedepo     Balogun-Ojomu     Rotimi Oyedepo     Rafiu Ajakaye     Simeon Ajibola     3MTT     General Hospital, Offa     Bayo Onimago     KWATMA     Tunji Arosanyin     United Nigeria Congress Party     Raheem Adaramaja