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.

Dunmade     Peter Obi     3MTT     Sulaiman Gado     Kunle Akogun     First Lady     Babajide Ajayi     Amasa     Abdulrasaq Alaro     Ekiti     Tosin Saraki     Olajumoke Monsura Gafar     Osinbajo     Azeez Bello     Hamza Usman     Kwara Volleyball Association     Laduba     Hassan Abdulazeez Elewu     CCT     Awwal Jawondo     T And K FOODS     KWASAA     Abdulrahman Abdulrasaq     Tope Daramola     Waziri Yakubu Gobir     Col. Ibrahim Taiwo     SSA Youth     Sarah Jubril     Raymond Olaitan     George Innih     Sulu Babaita Isiaka     Bello John Olanrewaju     Taofik Abiodun Ahmed     Valsolar Consortium     Oni Adebayo     IQRA College     Tosho Yaqub     Sadiq Buhari     Alapansapa     Razak Atunwa     Ibrahim Taiwo     Curfew     Irepodun     AIT Ilorin     Muritala Olarewaju     Ahmad Uthman     Umar Saro     Folorunsho Erubu     Abdulrasheed Akogun     IHS     Bola Magaji     Radio SBS     Sam Onile     Shehu Salau     Hamidat Sulyman-Yusuf     Abdulraufu Mustapha     Balogun Gambari     NYSC     Grillo     Kwabes     Lasiele Alabi Yahaya     Olomu Of Omu-Aran     Bankole Omisore     General Tunde Idiagbon International Airport     IYA YUSUF     Oba Sulaiman Asude     Oluwarotimi Boluwatife Adenike     Aliyu Sabi     Musibau Akanji     Muhammadu Gobir     Ministry Of Women Affairs And Social Development     Muhammad-Mustapha Suleiman     Elewu     Toyin Olayinka Tejidini     NURTW     Ahmed Shuaib Buranga     Kola Olota    

Cloud Tag: What's trending

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

Ajasse-Ipo     Hamidu Olowo     Ilorin Curfew     Oro Grammar School     Firdaos Amasa     ASMAU PLAZA     Isiaka Rafiu Mope     Sadiq Umar     Joshua Adeyemi Adimula     Dagbalodo     Bluenile Associates     Offorjama     Dar-Al-Handasah Consultants     Ibrahim Abdulqadir Abikan     NNPP     Erubu Oba Zubair     Rice Farmers Association Of Nigeria     TESCOM     Seun Bolaji     Olaosebikan     Prince Sunday Fagbemi     Durosinlohun Kawu     Emmanuel Olatunji Adesoye     Bursary     Habeeb Abdullahi Al-Ilory     Adama Isa     EFCC     Ahmad Olayiwola Kamaldeen     Sherif Shagaya     Illyasu Abdullahi     Kumbi Titiloye     Amos Justus Sayo     Fatima Abolore Jimoh     Yahaya Seriki Gambari     Ejidongari     Abdulbaqi Jimoh     Surajudeen Akanbi     Sulyman Atolagbe Alege     Al-Ilory     KFA     CLAY POT     Agbarigidoma     Okanlawon Musa     Elerin Of Adanla     Tunji Moronfoye     Okin Group     Al-Hikmah University     Kwara State Football Association     Muyideen Ajani Bello     Henry Makinwa     Bola Tinubu     Tunde Kazeem     Isapa     Gbenga Olawepo     Kwara Primary Health Care Development Agency     Aminat Ahmed     Kwara 2019     VADA     Jide Oyinloye     Alabere     Ben Duntoye     Saba Mamman Daniel     Savannah Centre For Diplomacy, Democracy And Development     Moses Salami     Press Release     ITEM 7     Offa Metropolitan Club     Abdulkadir Bolakale Sakariyah     Bashirat Bola Bello     Bashir Badawi     Alliance For Democracy     Bello John Olanrewaju     Erubu     Police Commissioner     Tunji Olawuyi     SWAN     Dan Iya Of Ilorin