$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.

Issa Baba     Neuropsychiatric Hospital     Federal Neuro-Psychiatric Hospital     Madawaki     Ibrahim Abdulkadir Abikan     Olokoba     Ilorin Descendants Progressive Union     Abdulmajeed Abdullahi     Mohammed Lawal     Yeketi     Ilorin.Info     Alaro     Titus Ashaolu     Charcoal     Kwara NIPR     Saliu Shola Taofeek     Aliyu Umar     Agboola Babatunde     Nigerian Army     Suleiman Mora Omar     Katibi Ibraheem Adeola     Abdullateef Abdussalam     Olatunde Michaels     Hakeem Lawal     Eleja     Moshood Bakare     Abdulrazaq Solihudeen     Ethical College     Yusuf AbdulRasheed     Rapheal Ashaolu     George Innih     Bolaji Gambari     Toyin Saraki     Is\'haq Modibbo Kawu     Abraysports FC     Ndama Al-hassan     Ishaq Salman     AbdulKareem Yusuf Danhawa     Ibrahim Kayode Adeyemi     AbdulRasaq Abdulmajeed Alaro     Isiaq Khadeejah     Kwabes     Kayode Issa     Lai Mohammed     Bello Taoheed Abubakar     Yakubu Danladi     Yahaya Jibril Usman     IQRA College     Dagbalodo     Shaykh Luqman Jimoh     Alimi     CACOVID Palliatives     Kehinde Baale     IYA ALFA NLA     Kunle Akogun     Kwara State Television     Yusuf Amuda Gobir     Rasaq Jimoh     Tafida     Public Holiday     Forgo Battery     Abdulmumini Sanni Jawondo     Abdulmutalib Shittu     Ekweremadu     Agor Market     Saheed Popoola     Ramadan     Alao Ayotunde     Shonga Farm Project     Olusegun Adeniyi     Ubandoma Of Ilorin     Aliyu Muhammed     Offorjama     Clement Yomi Adeboye     Abubakar Lah     Victor Gbenga Yusuf     Osuwa    

Cloud Tag: What's trending

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

Gbemisola Oguntimehin     Folorunsho Alao     Shola Odetundun     KWASSIP     General Tunde Idiagbon International Airport     Abdulganiyu AbdulAzeez     Shuaib Boni Aliyu     Sam Onile     Akom Construction And Engineering Synergy Ltd     Jimoh Lambe Abdulkareem     Patigi Regatta     Amusement Park     Mogaji Aare     Abdulganiy Abimbola Abdussalam     Chief Imam Of Lafiagi     Kayode Bankole     Aminat Ahmed     Gbemisola Saraki     KWACOBPA     Tunde Oyawoye     Eghe Igbinehi     Alagbado     Shagari     Gbadeyan Gbadura Yomi     Abdulganiyu Oladosu     Dapo Teni Nig Enterprise     Hausa     KWASAA     Wahab Femi Agbaje     Kwara State Coalition Of Business And Professional Associations     Moremi High School     Aisha Gobir     Musibau Akanji     Chief Imam Of Offa     Saliu Alamoyo     Habeeb Saidu     ARMTI     Omotoso Musa     Ghali Alaaya     AbdulRauf Keji     Baba Isale     Shehu Alimi Foundation     Abdulwasiu Bolaji Adeyi     ER-KANG     Gobir Organization Foundation     A.O. Belgore     Edret Sabi Abel     Elekoyangan     Oro Grammar School     Unicontinental Construction Company     Ahmed Shuaib Buranga     Omoniyi     Ridhwanullah Al-Ilory     NAWOJ     Ogidi-Oloje     Abubakar Bature Sulu-Gambari     Ilorin Innovation Hub     Taofeek Sanusi     Kabir Shagaya     PPS     Abubakar Ndakene     Kwara Metro Park     Pakata Patriots     Mutawalle     Jare Olatundun     Umar Ayinla Saro     Ibrahim Gambari     Kulende-UITH     ENetSuD     Rice Farmers Association Of Nigeria     NNPP     Donatus Ejidike     Farouk Salim     Nigeria Customs Service     Olaiya Zuberu     United Nigeria Airline     Saheed Alakoso