$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.

Simeon Ajibola     Idi-Ape     Binta Abubakar Mora     Christian Association Of Nigeria     Bayo Mohammed Onimode     Facemasks     Yusuf A. Usman     Guber Aspirant     Col. Adedipe     Khadijat Ayoola Yusuf     Ramat Oganija     Halimat Yusuf     Kwara State Sports Commission     HICA     Oluwarotimi Boluwatife Adenike     Abubakar Kawu Baraje     Ilorin Water Reticulation     Sa\'adatu Modibbo-Kawu     Tafida     Oyin-Zubair     Bolaji Abdullahi     Iyabo Dupe Adekeye     General Hospital, Offa     Segun Abifarin     Suleiman Alege Kuranga     CBT     Titus Ashaolu     Federal Road Maintenance Agency     Shero     Issa Memunat Moyosore     Rotimi Atere     Adeola Abraham     Ramadan     Saad Omo Iya     Dele Momodu     Taofik Abdulkareem Babaita     Abdulrauf Yusuf     International Public Sector Accounting Standards     Umar Adelodun     Solomon Edoja     Suleiman Rotimi Iliasu     Alfa Yahaya Road     Ishak Mohammed Sabi     Oasis Muslim Care Foundation     Al-Hikmah Radio     Nigerian Army     Kassim Babamale     Saba Jibril     Yahaya Seriki Gambari     Lanre Issa Onilu     Ishaq Abdulkarim     Yunus Lawal     Saadu Yusuf     Ishola Balogun Fulani     Ajibola Ademola Julius     Kola Shittu     Vasolar Consortium     Ayodele Kuburat Olaosebikan     Alloy Chukwuemeka     Funke Adedoyin     Mohammed Haruna     Abdullahi Samari     Grillo     IsDB     Vasolar-Kwara Company Ltd     Galland Marcias     Kabir Shagaya     Shehu Salau     Folajimi Aleshinloye     Centre For Community Empowerment And Poverty Eradication     Jumoke Gafar     Sulyman Abdulkareem     Muhammad Toyin Sanusi     Ibrahim Mohammed     Diagnostic Centre     Alagbado     PPS    

Cloud Tag: What's trending

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

National Union Of Road Transport Workers     MMWG     Rex Olawoye     Nagode     Ishaq Oloyede     Kwara Politics     Assayomo     Oyin-Zubair     KWSUED     Elerin Of Erin-Ile     Michael Ologundea     Unicontinental Construction Company     Aisha Abodunrin Ibrahim     Coronavirus     Abdulrahman Abdullahi Kayode     Kola Olota     Agbarigidoma     Muhammad Mustapha Suleiman     BIR     Aisha Gobir     Aminat Omodara     Belgore     Abdulrasaq Alaro     Kannike     Musa Abdullahi     Majlis For Sadaqah, Zakat And Waqf     Emmanuel Olatunji Adesoye     LEAH Charity Foundation     Oyedun Juliana Funke     Bolaji Nagode     Ajibola Saliu Ajia     ER-KANG Mining     Okin Group     Saduki Lafiagi     Nnazua     Adeleke Ogungbe     Yusuf Mubarak     Saad Belgore     Alfa Belgore     Deji Ajani     Garment Factory     Ebun-Olu Adegboruwa     NAWOJ     Tunde Yusuf     Ebola     Babata     Bukola Ajikobi     Yusuf A. Usman     Maryam A. Garuba     Gbemi Saraki     Victor Gbenga Yusuf     Special Agro-Industrial Hub     Garba Ayodele Wahab     KWACOBPA     Akume     Afolabi-Oshatimehin Adenike Harriet     Sam Onile     Salihu Ajia     Maimunat Oloriegbe     Baba Issa Awoye     Kwara 2023     Kwara Restoration Project     Bayo Ajia     Bamidele Adegoke     Majlis For Sadakah, Zakat And Waqf     Rafiu Ajakaye     Oyawoye     Mohammed Lawal     Ibrahim Mohammed     Saba Mamman Daniel     Bahago     Abubakar Suleiman     Logun     Ilorin General Hospital     Samuel Elizabeth Keatswa     Yusuf Arowosaye     Saba Jibril