$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.

Abubakar Olusola Saraki     Yoruba     Mohammed Saidu     Ojuekun     Shehu Raheem Adaramaja     Just Event Online     Moremi High School     Road Transport Employers Association Of Nigeria     Tunde Mukaila Mustapha     Abubakar Imam     Sun Qing Rong     Olatunji Moronfoye     Pacify Labs     Simeon Sule Ajibola     2023 Elections     Ubandoma Of Ilorin     Ike Ekweremadu     Oke-Kura     Yahaya A Paniyaro     Babaloja-General     Henry Makinwa     Kayode Ishola     Olam Food Ingredients     Kazeem Oladepo     Lucky Omoluwa     Kudirat Arinola Lawal     Awwal Jawondo     Alapado     Barakat Community Secondary School     Atiku     Saheed Akinwumi     Yusuf Aiyedun     Haleeman Salman     IHS Towers     General Tunde Idiagbon International Airport     Kwasu     Magaji Nda     Bayo Ajia     Buhari     Omoniyi M. Ayinla     Minimum Wage     Agor     Elelu     Susan Modupe Oluwole     Aliyu Olatunji Ajanaku     Raliat Islamic Foundation     Sardauna     Kale Ayo     Sunset Workers     Khadijat Ayoola Yusuf     Shuaib Boni Aliyu     Sarah Jubril     Musa Abdullahi     Ilorin Innovation Hub     Junior Secondary School Certificate Examinations     Umar Bayo Abdulwahab     Binta Sulyman     Babatunde Idiagbon     Ahman Pategi University     Jide Oyinloye     Kayode Bankole     Afolayan     Mike Omotosho     Pakata Development Association     Isiaka AbdulRazaq     Garba Ado Sanni     NIPR     Sunday Otokiti     Adedayo Yusuf Abdulkareem     Iliasu     Bola Ahmed Tinubu     Lafiagi     Saidu Kawu     University Road     Elesie Of Esie     Arandun     KWASAA    

Cloud Tag: What's trending

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

Olaoye B. Felix     Joseph Daudu     Ilorin Descendants Progressive Union     Ogbondoroko     Vasolar Consortium     Offa Grammer School     New Nigeria People’s Party     Ibrahim Abdullahi     Ilorin West/Asa Federal Constituency     MMWG     Femi Agbaje     Aliyu Adebayo     Aishat Sulu-Gambari     Saadatu Modibbo-Kawu     Yusuf A. Usman     Agor     Omotoso Musa     IDPU     Quareeb Islamic Association     Elerin Of Adanla Irese     Iliasu     Saheed Akinwumi     NTA Ilorin     Laolu Saraki     Olaiya Zuberu     April 11     Abdulazeez Uthman     Usman Yunusa     Ahman Patigi     Chartered Institute Of Personnel Management Of Nigeria     Bisi Oyeleke     Abdulrahman Abdulrasak     Kwara State Health Insurance Agency     Garba Idris Ajia     Abdulganiyu Oladosu     Ado Ibrahim     Olukotun Of Ikotun     Aremu Bose Deborah     High Court     Ajase-Ipo     Arandun     ITEM 7     John Obuh     Hassan Oyeleke     Abubakar B.M     Kwara Polytechnic     Inside Kwara     Oyedun Juliana Funke     Tafidan Kaiama     Issa Oloruntogun     Mansurat Amuda-Kannike     UITH     Gbemi Saraki     Sulyman Abdulkareem     Yahaya Abdulkareem     Yahaya A Paniyaro     Yaman     Yemi Sanni     Kumbi Titilope     2017 Budget     Bayo Mohammed Onimode     Quareeb     George Funsho Adebayo     Ayedun     Demola Banu     Bello John Olanrewaju     Abdulfatah Ahmed     Senate     Adeleke Ogungbe     Yusuf Mubarak     Justina Oha     Sulyman Tejidini     Ganmo Electricity Sub-Station     Shehu Alimi Foundation For Peace And Development     Alfa Belgore     Erin-ile     Abdul-Rahoof Bello