What you need to know about SFTAS' grants in Kwara

Date: 2020-08-04

SFTAS grant is a Programme for Result project that is mandated for all Nigerian states to become Public Financial Management Compliant.

The $750m project is to last for 4years with a total sum of $700m to be disbursed to states through disbursements linked indicators (DLIs) for achievements.

SFTAS acctually commenced in 2018, so there was no way the present administration could have initiated it. However, for the first time, the IVAs (Independent Verification Agents) visited Kwara State last November during which the present administration had to present and defend documents required for assessment before achieving DLIs of $2.5m. Beyond that, however, the state SFTAS Steering Committee headed by the Commissioner for Finance & Planning and her team had to work assiduously to earn additional $2.5m that totalled $5m i.e 1.8bn received on the 30th March for 2018 Assessment.

So it wasn’t an already cooked food eaten by the present administration, as some persons have erroneously called it.

In the 2020 Revised Budget, the SFTAS grant was revised from N2.318bn to N4.824bn to accommodate not just the 2018 achievement of N1.8bn but also the likely achievements as listed in explanatory notes for 2019 and 2020 Additional Financing (FGN COVID response to states).

For avoidance of doubt, achievements for 2018 Assessment conducted in November 2019 were based on the following yardsticks:

1. Biometric Registration to detect payroll fraud (DLI 5.1 & 5.2 ) = $500,000 each = $1m

2. Public Debt law and fiscal responsibility framework (DLI 7.1 & 7.2) – $2m and $500,000 respectively; and

3. Improved Debt sustainability (DLI 9) = $1.5m

Total = $5m

Please note that the Public Debt Law of $2m is a one-off grant. This means it would not be part of the future SFTAS grant to Kwara or any other state in the country that has earned it before.

The new administration has indeed done much more to ensure that more money comes to the state for the 2019 & 2020 SFTAS grants. For instance, the administration has added citizens’ input in the budget preparation and online publication of citizens’ budget, among other activities that would earn the state other DLIs that were not achieved in the 2018 Assessment.

The explanations above became necessary in view of the misinformation earlier put out by some persons to achieve a sinister motive.

Oyeyemi Olasumbo Florence
Hon. Commissioner for Finance & Planning
August 3rd, 2020.

 

Cloud Tag: What's trending

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

Yusuf Abdulwahab     Bola Tinubu     UNILORIN Alumni     Femi Agbaje     Yakubu Mohammed Abdullahi     Ola Falade     Abdulazeez Uthman     Isapa     Kemi Adeosun     Yusuf AbdulRasheed     Tunde Saad     Face Masks     Abdulrauf Aliyu     Wahab Kunle Shittu     Special Agro-industrial Processing Zone     Alabi Lawal     V.O. Abioye     Sola Saraki University     AbdulRazaq Jiddah     Okin Biscuit     Owode Market     Salake     Adesoye     Babaita     Samuel Adedoyin     Ilorin West/Asa Federal Constituency     Monthly Sanitation Exercise     Ibraheem Abdullateef     Issa Baba     Maryam Nurudeen     Ramadhan     Oke-Odo     Shehu Alimi Foundation     Majlis For Sadakah, Zakat And Waqf     Mahe Abdulkadir     Dan Iya Of Ilorin     Adekunle David Dunmade     Kuliyan Geri     Offa Descendants Union     Umar Gunu     Sardauna Of Ilorin     Saadu Gbogbo Iwe     Madawaki Of Ilorin     Oro Grammar School Old Students Association     Muhammed Mahe Abdulkadir     Dele Momodu     Bank Of Industry     Kazeem Adekanye     The Herald     Ahmed Dankaya     Labaeka     Saka Adeyemo     Ben Duntoye     Seed Technologies     Halimah Perogi     Erin-ile     Sidikat Akaje     Oke-Ogun     Kale Kawu     Michael Imoudu National Institute For Labour Studies     Binta Sulyman     Azeez Salawu     Kupchi Hosea Maxwell     Ilorin General Hospital     Sheikh Alimi     Biliaminu Aliu     Trade Lenda SME Fair     Tayo Alao     Patience Jonathan     Garment Factory     Muslim Stakeholders Of Kwara State     Muyiwa Oladipo Kanu     Sam Okaula     Bukola Saraki     Bayo Ojo     Saidu Yaro Musa     Ita-Ore    

Cloud Tag: What's trending

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

Shola Odetundun     Patigi Regatta     Hassan Oyeleke     Ishola Moses Abiodun     Ridwan Agboola     KFA     Saidu Kawu     Ilota     TESCOM 2025     AIT Ilorin     Olukotun Of Ikotun     QuickWin     Olomu Of Omu-Aran     Jalala     AbdulGafar Tosho     Abdulganiy Abimbola Abdussalam     Tricycle Owners Association Of Nigeria     Olawuyi     SSA Youth     Ilorin Emirate     Oloje     Ibrahim Abdullahi     Onilorin     Kwara Hotel     Ile Arugbo     Ojo Isekuse     Towoju     Yusuf Babatunde Abdulwahab     Kudirat Arinola Lawal     Arik     Adama Isa     ENetSuD     Gobir Organization Foundation     AbdulRauf Keji     Kwara Polytechnic     Kwara 2015     Garba Dogo     Usman Yunusa     Maryam Nurudeen     Olatinwo     Abdulrosheed Okiki     Dar-Al-Handasah Consultants     Afeyin-Olukuta     Simeon Ajibola     2017 Budget     Babata     KWAFFA     Mansurat Amuda-Kannike     Adamu Attah     Haashim Initiative For Community Advancement     Kannike     Bankole Omisore     Issa Memunat Moyosore     Abdulazeez Uthman     Amina Susa\'a De Ahmed     Ilorin General Hospital     Aliyu Sabi     Igosun     Tunji Olawuyi     Alfa Modibbo Belgore     Oke-Oyi     Raheem Adaramaja     Yusuf Abdulkadir     Oro Grammar School Old Students Association     Ayobami Seriki     Iliasu     Jide Oyinloye     2023 Elections     Tsaragi/Share     Musbau A. Akanji     Mamatu Abdullahi     Moses Salami     Saheed Alakoso     ASMAU PLAZA     Asiwaju Bola Tinubu     Aminat Omodara     Niguel Gallando Marcias