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.

Ibraheem Abdullateef     Laolu Saraki     ER-KANG     Kolawole Bashirat     General Hospital     AGF Abdulrazaq     Tsaragi-Share     Gbadeyan Gbadura Yomi     Lanre Aremu     Mahe Abdulkadir     Abdulhakeem Adelaja Amao     Logun     Bolaji Aladie     SAPZ Project     Yusuf Abdulraheem     Oluwole Dupe     Bilikisu Oniyangi     Abiodun Oyedepo     Muhammad Ghali Alaaya     Omu Aran     Oke-Ero     Plat Technologies     Fatimoh Lawal     Cornelius Adebayo     Kwara North     Jumoke F. Ajao     Adesoye     Adekunle David Dunmade     Toyin Saraki     Abdullahi Samari     Chief Imam Of Lafiagi     Students Union Government     CCB     NURTW     Saidu Yaro Musa     AbdulHakeem Ajibola Akanbi     Olaiya Zuberu     Bello Oyedepo     Kehinde Baale     Galland Marcias     Nupe     Najim Yaasin     Zara Umar     Yusuf Lanre Badmus     New Nigeria People’s Party     Folorunsho Erubu     Oba Abdulraheem     Mogaji Aare     Ahmed Idris Mohammed     PharmAccess Foundation     Oju Ekun Sarumi     Al-Adaby     James Kolo     Iyaloja-General     Air Peace     Ayekale     COVID     Sodiya     Abdullahi AbdulMajeed     Mujtabah Bature     Tafida     Rafiu Olasile     Ijagbo Health Centre     Hajj     Sheikh Alimi     Dauda Adeniran Adeshola     Ilorin East/South Federal Constituency     Joseph Alex Offorjama     John Mayokun Dada     Saadu Alanamu     Yahaya Seriki Gambari     Mohammed Kamaludeen     Ibrahim Bio     ITP     Amosa     Ahmad Lawan     Olufolake Abdulrazaq    

Cloud Tag: What's trending

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

Joseph Yemi Ajayi     Frootify     Jaiz Bank     Mohammed Lawal Bagega     Abubakar Kawu Baraje     Bolaji Nagode     Garba Idris Ajia     Awwal Jawondo     Dapo Teni Nig Enterprise     Ayodele Olaosebikan     Jumoke Gafar     Young Progressives Party     Cornelius Adebayo     Neuropsychiatric Hospital     Dogara     Rihanat Ajia     Abdulsalam Firdaous Amosa     Hassanat Bello     Ayoade Akinnibosun     Okedare     Innocent Okoye     Oyelere Oyinloye     Bayo Ojo     Saba Jibril     Owo Arugbo     Convocation Ceremonies     Rafiu Ibrahim     Abdulganiyu AbdulAzeez     National Party Of Nigeria     Bashir Badawi     Yakubu Mohammed Abdullahi     Ilorin Amusement Park     Volunteers Of Ilorin Community And The Emirate     Tunji Oyawoye     Muslim Media Watch Group Of Nigeria     Tanke Road     Raliat AbdulRazaq     Chief Imam Of Lafiagi     EndSARS     Abdullahi Adisa Akodudu     Vasolar-Kwara Company Ltd     Ronke Adeyemi     General Hospital, Offa     Olosi Of Osi     Obuh     Funmi Salau     Olajumoke Monsura Gafar     Communication Network Support Services     Kazeem Gbolagade     Jimoh Saadudeen Muhammed     Damilola Yusuf     Kola Adesina     Eruku     Bashiru Makama     Harafat E. Mukadam     A.G.F Abdulrasaq     Saidu Yaro Musa     Kwara 2015     Muhammad Fawaz Abubakar     Saliu Alamoyo     Ogbondoroko     Gamji Members Association     Kubra Kazum     Sanusi Abubakar     Alfa Modibo Belgore     Veterinary Teaching Hospital     Sheriff Olanrewaju     Kwara Hotel     Col. Ibrahim Taiwo     Abdulrasheed Akogun     Shuaib Boni Aliyu     Farouk Salim     Esuwoye     Economic And Financial Crimes Commission     IYA ALFA NLA     Government High School (GHS), Adeta     MMWG