$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.

Vasolar-Kwara Company Ltd     Mufutau Olatinwo     Ishaq Abdulkarim     Saliu Oluwole     Aasiyat Bello Oyedepo     Muideen Olaniyi Alalade     Fatai Olodo     Gurei     Offa Descendants Union     Ghali Alaaya     Lithium     Saka Keji     Yusuf AbdulRasheed     Ashiru     Kulende     Haliru Yahaya     Wahab Issa     MINILS     Atunwa     Gafaru Olayiwola Olorisade     Frootify     Kale Kawu     Alabe     Zulkifli Ibraheem     SSUCOEN     Rafiu Olasile     Wasiu Odewale     Federal College Of Education (Special), Afon     Kehinde Baale     Federal Allocation     Oyelere Oyinloye     Ahmed Alhasssan     Kwara State Government     Alaiye     Ekiti     Sabi     Yusuf Abdulraheem     Trade Lenda SME Fair     Kunbi Titiloye     Bello John Olanrewaju     Haliru Dantoro     Tanke Flyover Bridge     Ilorin West     Abdullah Janet Amudat     Tunde Yusuf     Najim Yaasin     Al-Hikmah Radio     Kwara State Printing And Publishing Corporation     Suleman Abubakar     SDP     Oladipo Akanmu Tolani     Jide Ashonibare     Shero     Sobi Specialist Hospital     Al-Hikmah University     Tunji Folami     Obuh     Ishola Balogun Fulani     SARS     AbdulHakeem Ajibola Akanbi     Radio Kwara     Law School Scholarship     Bolaji Gambari     Labour Party     Ahmed Mohammed Rifun     Kwara State Fire Service     Afolayan     Theophilus Oyebiyi     Samari     GAMA     Mansurat Amuda-Kannike     Centre For Peace And Strategic Studies     Olayinka Oladapo Jogunola     National Pilot     Ilorin     Kwara Muslim Pilgrims Welfare Board     CLAY POT    

Cloud Tag: What's trending

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

VADA     Gaa Olobi     ASMAU PLAZA     Abubakar Kawu Baraje     Kwara United     Olayinka Are     Anilelerin     Federal Allocation     Bayo Mohammed Onimode     Law School Scholarship     Buhari     AbdulHakeem Ajibola Akanbi     Oba Sulaiman Asude     Abatemi Usman     Oluwole Dupe     Micheal Imoudu     Binta Sulyman     Moro     Abdulrazaq Magaji     Kwara North     Maimunat Oloriegbe     Abdulwahab Olarewaju Issa     Yinka Aluko     Segun Abifarin     Christian Association Of Nigeria     PAACO-PCL Consortium     Ibrahim Abdulkadir Abikan     Abdulrazaq Akorede     Medinat Folorunsho Salman     Sheriff Olanrewaju     Laolu Saraki     Abdulraheem Yusuf     Ishaq Salman     Charcoal     Ilorin Emirate Stakeholders Forum     Sabitiyu Grillo     Sardauna     KWIRS     Funmilayo Mohammed     Bayo Ajia     Mohammed Halidu     Bamidele Adegoke Oladimeji     Busari Toyin Isiaka     Ibrahim Akaje     Akeem Lawal     Vasolar Consortium     Mukhtar Shagaya     Niyi Osundare     Ahmed Mohammed Rifun     Lawan     Computer Based Test     Jimoh Lambe Abdulkareem     Aliyu Adebayo     Abdulrazaq Aiyelabegan     Awoye     Hydroelectric Power Producing Areas Development Commission     Isin     Lanre Issa Onilu     Joseph Alex Offorjama     Egbejila     Abiodun Jacob Ajiboye     Yusuf Zulu-Gambari     Aliyu Kora-Sabi     Laboratory-to-Product     Owo Isowo     Ibraheem Adeola Katibi     Folashade Omoniyi     NFAI     Sheu Ndanusa Usman     Road Transport Employers Association Of Nigeria     Toyin Abdullahi     Mubarak Oladosu     Post-utme     IHS     Salihu Jibril Garbi     GRA     Vishvas KOZ Tractors