$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.

Olatunde Olukoya     Muritala Awodun     Oke-Kura     Isiaka Oniwa     Bola Shagaya     Abioye Bello     Oyelere Oyinloye     Jimoh Saadudeen Muhammed     JMK Construction Company Limited     Kpotum Mohammed Baba     Ileloke     Mogaji Aare     Playing Host     Aisha Ahman-Pategi     Alfa Yahaya Road     Mahe Abdulkadir     Monsurat Omotosho     Kwara Metro Park     Abdulrasaq Alaro     Michael Nzwekwe     Hijaab     Muazam Nayaya     Yahaya Seriki     Student Learning Support Helpline     James Kolo     Kassim Babamale     Salihu Ajibola Ajia     Funmilayo Isiaka Oniwa     Abubakar Bature Sulu-Gambari     Tunde Idiagbon Road     Idofin     Ilorin East/South Federal Constituency     SWAN     IYA ALFA NLA     Adanla-Irese     Awoye     Dan Masanin     Federal Road Maintenance Agency     David Oyepinola Adedumoye     Oya State     Oniwasi Agbaye     Government High School (GHS), Adeta     Kwara State Fire Service     NTA Ilorin     AIT Ilorin     Dauda Adesola     Abubakar Olusola Saraki     Taofeeq Olateju     Chief Of Staff     Muyideen Ajani Bello     National Association Of Nigerian Students     Abdullateef Abdussalam     LAK Jimoh     Saka Isau     Wahab Agbaje     Sunset Workers     Oloje     Olomu     AbdulKareem Yusuf Danhawa     Kwara State Television     Kayode Ibrahim     Nurudeen Muhammed     EFCC     Lawal Jimoh     Abdulwahab Ololele     Rotimi Samuel Olujide     Olukotun Of Ikotun     Iyeru Grammar School     Alimi Abdulrazaq     Modupe Oluwole     Lukman Adeloyin     Apado     Wahab Olasupo Egbewole     Federal Polytechnic Offa     Igbomina     Yusuf AbdulRasheed     Amos Sayo    

Cloud Tag: What's trending

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

Code Of Conduct Bureau     Aremu Bose Deborah     Micheal Imoudu     Sunset Workers     Buari Edun     Adedipe     Henry Olaosebikan     Ilesha-Gwanara     Saidu Yaro Musa     Taofeek Sanusi     Congress For National Consensus     Babaloja-General     Issa Manzuma     Saad Belgore     Bola Iyabo Ibiyeye Adisa     Illyasu Abdullahi     Tsaragi-Share     Special Agro-Industrial Hub     Kumbi Titiloye     Funmilayo Isiaka Oniwa     Arinola Lawal     RTEAN     Chief Imam Of Ilorin     JAMB     Nigerian Correctional Service     HYPPADEC     AIT Ilorin     Isiaka Gold     Kwara Politics     Saliu Oluwole     Hassan Saliu     Galadiman Ngeri     Abdulwahab Oba     Kwara University Of Education     Oluronke Adeyemi     Charles Ibitoye     Tafida     Abdulrauf Aliyu     Halimah Perogi     Haleeman Salman     Adesoye     Iyabo Adisa Ibiyeye     Akanji     Ahman Pategi University     Bamikole Omishore     Yaman     Abubakar Imam     Hassan Taiye Salam     Ibrahim Abdulqadir Abikan     Aliyu Sabi     Okala Baba     Col. Ibrahim Taiwo     Ijagbo     Lateef Ademola Olatunji     Coalition Of Kwara North Groups     Gbugbu International Market     Facebook     Olateju Lukman     Lai Mohammed     TIC     Yahaya Jibril Usman     Jalala     Alikinla     Tescom.kwarastate.gov.ng     Moshood Mustapha     Umar Gunu     Haliru Dantoro     Abdulazeez Arowona     Issa Memunat Moyosore     Shuaibu Yaman Abdullahi     Haruna Tambiri Mohammed     Oba David Oyerinola Adedunmoye     Nnazua     Ilorin     Aremu Odolaye     Aliyu Salihu     Federal Allocation