• Login
  • Register
Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
Nairametrics
No Result
View All Result
Home Business News Business

Kwara State awarded $16.9 million in World Bank-assisted programme

Chidi Emenike by Chidi Emenike
January 6, 2021
in Business
Coronavirus: Kwara Govt shuts down schools, orders civil servants to work from home

AbdulRahman AbdulRazaq, Kwara State Governor

Share on FacebookShare on TwitterShare on Linkedin

Kwara State Government has won the 2019/2020 World Bank-supported State Fiscal Transparency, Accountability and Sustainability (SFTAs) award.

This is according to a statement issued by the Press Secretary, Ministry of Finance and Planning, Mrs Saad Hamdalat, as reported by the News Agency of Nigeria. The award comes with a monetary reward of $16.9 million and is the highest ever achieved by the state since the initiative began in 2018.

READ: NCC moves to combat fake phones, blame devices for poor network coverage 

RelatedStories

We will soon implement the new minimum wage – Kwara State

Kwara State launches coding and digital literacy training in 50 public schools 

February 27, 2025
Kwara to employ 1,800 senior secondary school teachers, 300 others 

Kwara Teaching Commission invites 9,459 applicants for teachers’ recruitment CBT test 

February 18, 2025

Mrs Hamdalat noted that the award came after the state satisfied the disbursements linked indicators (DLIs) as contained in the Annual Performance Assessment (APA) final report, submitted by the Independent Verification Agents (IVA) that had earlier visited Kwara State.

READ: Ripple emerges as fourth biggest fintech company globally, worth $10 billion

What they are saying

Commenting on the recent development, Mrs Hamdalat said: “The DLIs include improved financial reporting and budget reliability, increased citizens engagement in budget process; strengthened Internally Generated Revenues (IGR); biometric and BVN used to reduce payroll fraud, strengthened public debt management, improved debt sustainability and implementation of a tax compliance for individual taxpayers and businesses.

READ: #EndSARS: Kwara State sets up N500 million recovery fund for businesses destroyed by hoodlums 

“This will also strengthen procurement function for COVID-19 or emergency situations and facilitate participation of SMEs in public procurement resilient recovery phase and publication and approval of amended COVID-19 response budget.

“The import of the foregoing is that the state is eligible to the total sum of 16.9 million dollars, representing performance-based grant for 2019 APA, with an earlier disbursement of five million dollars in November 2020.

“Of the balance of 11.9 million dollars, the state has received additional 9.4 million dollars on Jan. 4, 2021 and awaits the balance of 2.5 million dollars later in the month.’’

READ: #EndSARS: Kwara Govt awards N181 million grant to business owners whose assets were looted

What you should know: The SFTAS program supported by the government focuses on strengthening the fiscal sustainability, transparency and accountability of Nigerian states. The program consists of; The Fiscal Sustainability Plan (FSP) actions to be implemented by state governments; and The Nigerian OGP National Action Plan (NAP) actions at the state-level.


Follow us for Breaking News and Market Intelligence.
Tags: Accountability and SustainabilityAnnual Performance AssessmentKwara stateNigeria NewsSFTAsState Fiscal Transparency
Chidi Emenike

Chidi Emenike

Chidi Emenike is a graduate of economics, a Young African Leadership Initiative Fellow and an Investment Foundations certificate holder. He worked as a graduate Teaching Assistant in the Federal College of Education Kano and is also a trained National Peer Group Educator on Financial Inclusion

Related Posts

We will soon implement the new minimum wage – Kwara State
Education

Kwara State launches coding and digital literacy training in 50 public schools 

February 27, 2025
Kwara to employ 1,800 senior secondary school teachers, 300 others 
Education

Kwara Teaching Commission invites 9,459 applicants for teachers’ recruitment CBT test 

February 18, 2025
Olam Agri in Nigeria partners Kwara State government to empower agri-extension workers
Companies

Olam Agri in Nigeria partners Kwara State government to empower agri-extension workers

July 17, 2024
We will soon implement the new minimum wage – Kwara State
Health

Medical Tourism: Kwara State approves N906.7m seed fund for state’s university teaching hospital 

December 16, 2023
nurses
Health

Kwara State approves 100% CONHESS for nurses in the state  

December 7, 2023
food importation, President Bola Tinubu
Business

States to use N5 billion palliative to fund rice and maize purchase from FG

August 18, 2023
Next Post
PwC Nigeria

Tax expert asks low-income earners to engage employers on FG's income tax exemption

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Emple
nlng
first bank
Zenth Bank








DUNS

Recent News

  • Ekiti State opens job applications for Agro-Allied International Cargo Airport operations 
  • Nigeria Immigration Service receives tech tools from Dutch Government to boost migration control 
  • Most expensive African countries to rent a home in 2025 

Follow us on social media:

Recent News

Ekiti State opens job applications for Agro-Allied International Cargo Airport operations 

Ekiti State opens job applications for Agro-Allied International Cargo Airport operations 

June 24, 2025
Nigeria Immigration Service receives tech tools from Dutch Government to boost migration control 

Nigeria Immigration Service receives tech tools from Dutch Government to boost migration control 

June 24, 2025
  • iOS App
  • Android App
  • Contact Us
  • Home
  • Markets
  • Sectors
  • Economy
  • Business News
  • Financial Literacy
  • Disclaimer
  • Ads Disclaimer
  • Copyright Infringement

© 2025 Nairametrics

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Social Media Auto Publish Powered By : XYZScripts.com
No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Login
  • Sign Up

© 2025 Nairametrics