$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.

Pakata     Femtech     Lawyers Unite Against Corruption     Olatunji Ayeni     Kwara State Fish Farmers Association     IESA     Chikanda     Umar Bayo Abdulwahab     Eghe Igbinehi     Mukhtar Shagaya     Toyin Abdullahi     Standard Organization Of Nigeria     Bello Oyebanji     Cassava Growers\' Association     Yusuf Abdulraheem     Lawan     Kwara State Governor     Busari Alabi Alausa     Abubakar Abdulraheem     Wahab Abayawo     Femi Ogunsola     Ibrahim Abikan     Oya State     Titus Suberu-Ajibola     Ibrahim Taiwo Road     Sheikh Ridhwanullah     Prince Bola Ajibola     Ajibola Ademola Julius     Oro Grammar School     Peter Obi     Sadiq Buhari     Aminu Ado Bayero     Tricycle Owners Association Of Nigeria     Joseph Alex Offorjama     Assayomo     Sulyman Abdulkareem     Galland Marcias     Sabo-Oke     Ajibike Katibi     Yusuf Badmus     Zaratu Umar     Saka Onimago     Hamza Usman     Iyabo Adewuyi     Musa Yeketi     Ilorin West     Kayode Oyin-Zubair     Galadiman Ngeri     Ahmed Alhasssan     Kabir Shagaya     Igbaja     Mohammed Danjuma     Galadima     Lucky Omoluwa     Ambassador Kayode Laro     Is\'haq Modibbo Kawu     Offorjama     Olushola Saraki     Zulu Gambari     Otuka     Post-utme     Moses Rahman Popoola     Ahmed Ayinla Jimoh     General Hospital     Salman Suleiman     Police Commissioner     Abdullahi Adisa Akodudu     Issa Baba     Sunday Fagbemi     Ajakaye     Olofa Of Offa     Nurudeen Muhammed     Oju Ekun Sarumi     Mohammed Ghali Alaaya     Abikan     Moshood Bakare     Leke Ogungbe    

Cloud Tag: What's trending

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

Ishaq Abdulkarim     Ibrahim Oniye     Bamidele Adegoke Oladimeji     Kola Bukoye     Trader Moni     Post Utme     Ganmo Electricity Sub-Station     Shonga Farm Project     Ilorin Emirate Stakeholders Forum     Balogun Fulani     Aliyu Umar     Kwara State Football Association     Moses Salami     Maryam A. Garuba     Ahmed \'Lateef     Otuka     Turaki     Ubandawaki     General Hospital, Ilorin     Susan Modupe Oluwole     Saka Abimbola Isau     Odogun Olushola Gabriel     Yakubu Shaaba     Saliu Ajibola Ajia     Ella Supreme Tissue Paper     Bola Shagaya     Old Oyo     Baba Idris     Owo Arugbo     Saba Mamman Daniel     Suleiman Alege Kuranga     Galland Marcias     Shoprite     Kayode Issa     Bond     Afetu Of Alabe     Centre For Digital Economy     Ayegbeni     Aliyu U. Tilde     Lanre Issa Onilu     Adebayo Salami     Ajia-Bako     Katibi Ibraheem Adeola     Offa Descendants Union     Baba-Isale     Garuba Alikinla Shittu     Abubakar Bature Sulu-Gambari     Hakeem Idris     Olatinwo     CCEPE     Tsaragi-Share     Laolu Saraki     Saka Isau     Tanke Road     Abdulmutalib Shittu     Hamza Usman     Bio Ibrahim     Yahaya Seriki     Bibire Ajape     Dele Momodu     Idi-Ape     Nupe     Mufutau Olatinwo     Otunba Taiwo Joseph     Jimoh Lambe Abdulkareem     Osi     Idris Garba     Taofeek Sanusi     Buari Edun     Hajj     Col. Adedipe     Olufolake Abdulrazaq     Rihanat Ajia     Joseph Bamigboye     Saka Keji     Balogun-Ojomu     Yahaya Oloriegbe