What you need to know about SFTAS' grants in Kwara
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.
Yekini Adio Mohammed Haruna Oyedepo Aro Yahaya Kaosarah Adeyi Kwara State Television (KWTV) Fatimat Saliu Ahmed Alhasssan Adesoye College Sidikat Uthman Ajibola Saka Asiat Ayinke Suleman Abubakar Clara Nwachukwu Femi Gbajabiamila Mutawalle Teachers Specific Allowance Kwara State Geographic Information Service Muideen Olaniyi Alalade Abioye Bello Abdulraheem Yusuf Al-Ilory Maigida Soludero Transit Baaziki Sulaiman Labaeka Air Peace Abdulquowiyu Olododo Fatimoh Lawal Olanrewju Okanlawon Musa Oyun Kayode Laro Afolabi-Oshatimehin Yahaya Muhammad Ilorin Curfew Kwara Hotel Fatimah Abdulkadir Gabriel Fashanu Ibrahim Gambari Hameed Oladipupo Ali Saheed Alakoso Mohammed Saidu Opolo Global Innovation Limited Wakilin Mata Lafiagi Centre For Community Empowerment And Poverty Eradication Adesina Simon Sodiya Yaman Kulende-UITH Abdulsalam A. Yusuf Vasolar Adamu Attah Kwara State Printing And Publishing Corporation Muslimah Entrepreneurship Forum Michael Ologundea Aisha Gobir Saka Adeyemo Chief Imam Of Ilorin Bola Magaji Nagode Kwara-SAPZ Project Raheem Adaramaja Raji Ayodele Kamaldeen Towobola Abdulrahman Toyin Ijagbo Sheu Ndanusa Usman Ado Ibrahim Rotimi Samuel Olujide Ilorin South Constituency Abiodun Jacob Ajiboye Abatemi Usman Nigerian Army Solomon Edoja Ajibike Katibi Salmon Babatunde Salmon Saliu Oluwole Bolaji Abdullahi Tsaragi Abdullah Janet Amudat Olatunde Oyeyiola

