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Federal Government disburses N43.4b to 24 states – The Federal Government has disbursed N43,416 billion ($120.6 million) as performance-based grants to 24 states.
The states were considered eligible for the results they achieved in 2018 under the performance-based grant component of the World Bank-Assisted States Fiscal Transparency, Accountability and Sustainability (SFTAS) Programme-for-Results.
The grant is financed with a loan of US$750 million from the International Development Association (IDA), a member of the World Bank Group.
The Minister of Finance, Budget and National Planning, Mrs. Zainab Ahmed, in a statement, explained that “the disbursement followed the participation of the 24 eligible states in the recent Annual Performance Assessment (APA).”
The assessment was done by the Office of the Auditor- General for the Federation (OAuGF) as the Independent Verification Agent (IVA), in collaboration with a third party firm, JK Consulting Limited and the SFTAS Programme Coordination Unit (PCU).
Mrs. Ahmed explained that the SFTAS Programme was established by the Federal Government with a loan of $750 million to support states through the provision of performance-based grants of $700 million.
In addition, a technical assistance worth $50 million was also factored into the grant “to enhance their capacity to achieve the Disbursement Linked Indicators (DLIs) i.e. the Programme results”.
According to a statement signed by the Ministry’s Director of Press and Public Relations, Mr. Hassan Dodo, yesterday in Abuja, “the DLIs are derived from the country’s 22-Point Fiscal Sustainability Plan and the 14 Open Government Partnership (OGP) commitments aimed at strengthening fiscal transparency, accountability and sustainability across states.
The Minister said for states to qualify for the grant they must meet the Eligibility Criteria (EC) through online publication of the approved annual budget and audited financial statement for the previous year and the DLIs that eligible States receive grants for achieving.
Some of the DLIs include: improved financial reporting and budget reliability; increased openness and citizens’ engagement in the budget process; improved cash management and reduced revenue leakages through implementation of State Treasury Single Account (TSA).
Other conditions to be met to qualify for the grant are: strengthened Internally Generated Revenue (IGR) collection; biometric registration and Bank Verification Number (BVN) used to reduce payroll fraud; improved procurement practices for increased transparency and value for money.
Also required are strengthened public debt management and fiscal responsibility framework; improved clearance/reduction of stock of domestic expenditure arrears; and improved debt sustainability.
The finance minister reiterated that “the World Bank-assisted SFTAS Programme is principally to strengthen fiscal management at the State level so as to ensure effective mobilization and utilization of financial resources to the benefit of their citizens in a transparent, accountable and sustainable manner, thereby reducing fiscal risks and encouraging a common set of fiscal behaviours.”
Mrs. Ahmed was happy that the SFTAS programme couldn’t have come at a better time than now “given the dwindling government revenue occasioned by oil price volatility coupled with the current impact of COVID-19 which has further intensified the need for improved practices in fiscal transparency, accountability and sustainability as enunciated in the SFTAS ideals.”
She recalled that in 2018, the first year of the Programme, only 24 States met the Eligibility Criteria. She also disclosed that those States declared ineligible for 2018 failed to publish their annual budgets and audited financial statements online within the time frame as stipulated by the SFTAS Programme Operation Manual (POM).
The statement revealed that the 24 beneficiary States who met the eligibility criteria are Abia, Adamawa, Bauchi, Benue, Delta, Edo, Ekiti, Enugu, Gombe, Jigawa, Kaduna, Kano, Katsina, Kebbi, Kogi, Kwara, Niger, Ondo, Ogun,Oyo, Osun, Sokoto, Taraba and Yobe States.
The 12 States that missed out on the 2018 grants because they did not meet the Eligibility Criteria are Akwa Ibom, Anambra, Bayelsa, Borno, Cross River, Ebonyi, Imo, Lagos, Nasarawa, Plateau, Rivers and Zamfara States.
However, the SFTAS Programme accommodates different starting points, so the 12 States can still participate in the 2019, 2020 and 2021 respective performance years by meeting the EC and DLIs in the said years.
The total sum of (N43,416,000,000.00) USD120.6 Million has so far been disbursed to the qualified 24 States based on their performance.
Kaduna State achieved the highest number of results (nine) and got the highest share with N3,960,000,000.00. Katsina and Benue got the lowest amount of N540,000,000.00 each.
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Lexus Rx320=N680,000
Lexus Lx650=N500,000.
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INTRODUCTION
Lavita Ricca International is a company duely registered under the Coporate Affairs Commission of Nigeria and certified fraud free to do business in Nigeria by the Economic Financial Crimes Commission (EFCC). This is a Nigerian network marketing company founded by Mr. Ifeanyi Alex Monye with it’s Head Quarter’s. The company takes pride in the fact that it stands out amongst other network marketing companies. It has the best compensation plan, affordable and effective services, systems that keeps her customers coming back for more. When you join this company, you get more than their outstanding services.
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HOT LINE:+2349036369810
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We trade with hard currency here like bit coin we make 3tripple of your donation and send you you two part and we benefit one part Example if you invest with 20k within 45mins we make profit of 60k then send 40k to you then profit 20k. This is not mmm where they merge people to donate for each other
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NOTE: You can finish reading this and decide not to take the necessary actions, but the next time you want to complain about not having money, just know that you are on your own problem. ?.
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NOTE: we credit your account after 45mins of Your Registeration
INTRODUCTION
LAVITA TRUST Investment is a company duely registered under the Coporate Affairs Commission of Nigeria and certified fraud free to do business in Nigeria by the Economic Financial Crimes Commission (EFCC). This is a Nigerian network marketing company founded by Ifeanyi Alex Monye with it’s Head Quarter’s. The company takes pride in the fact that it stands out amongst other network marketing companies. It has the best compensation plan, affordable and effective services, systems that keeps her customers coming back for more. When you join this company, you get more than their outstanding services.
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NOTE:- YOU GET CREDITED BACK IN LESS THAN 45 MINUTES.
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NOTE: You can finish reading this and decide not to take the necessary actions, but the next time you want to complain about not having money, just know that you are on your own problem.
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Smile 2 Wealth Investment is a company duely registered under the Coporate Affairs Commission of Nigeria and certified fraud free to do business in Nigeria by the Economic Financial Crimes Commission (EFCC). This is a Nigerian network marketing company founded by Okafor Alex Monye with it’s Head Quarter’s in LAGOS state. You can find out more by visiting
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ITS SIMPLE HERE!!!!!!!
We trade with hard currency here like bit coin we make 3tripple of your donation and send you you two part and we benefit one partExample if you invest with 50k within 45mins we make profit of 150k then send 100k to you then profit 50k This is not mmm where they merge people to donate for each other
You pay directly to us and we credit you directly.
Note:you get credited in less than 45mins
CHAT US-UP IF INTEREST FILL YOUR FORM AND START EARNING
NOTE: You can finish reading this and decide not to take the neccessary actions, but the next time you want to complain about not having money, just know that you are your own problem.
GOOD DAY SIR/MA
HAVE YOU HELD ABOUT LAVITA TRUST INVESTMENT…?
LAVITA TRUST INVESTMENT is a matrix system which give you DOUBLE of your CAPITAL back in ( 45 Minutes ) after Registrations
LAVITA PACKAGES
N20,000——N40,000
N40,000——N80,000
N50,000——N100,000
N100,000—–N200,000
N150,000—–N350,000
N300,000—–N600,000
N200,000—–N400,000
N400,000—–N800,000
N500,000—–N1,000,000
NOTE: we credit your account after 45mins of Your Registeration
INTRODUCTION
LAVITA TRUST Investment is a company duely registered under the Coporate Affairs Commission of Nigeria and certified fraud free to do business in Nigeria by the Economic Financial Crimes Commission (EFCC). This is a Nigerian network marketing company founded by Ifeanyi Alex Monye with it’s Head Quarter’s. The company takes pride in the fact that it stands out amongst other network marketing companies. It has the best compensation plan, affordable and effective services, systems that keeps her customers coming back for more. When you join this company, you get more than their outstanding services.
09068834101
ITS SIMPLE HERE!!!!!!!
We trade with hard currency here like bit coin we make 3tripple of your donation and send you you two part and we benefit one part Example if you invest with 100k within 25mins we make profit of 300k then send 200k to you then profit 100k This is not mmm where they merge people to donate for each other
You pay directly to us and we credit you directly
Contact FUMI BLESSING
09068834101
NOTE:- YOU GET CREDITED BACK IN LESS THAN 45 MINUTES.
CHAT US-UP IF INTEREST FILL YOUR FORM AND START EARNING
NOTE: You can finish reading this and decide not to take the necessary actions, but the next time you want to complain about not having money, just know that you are on your own problem Thanks.
*GOOD DAY MA/SIR*
Have you had about *LAVITA RICCA INVESTMENT* ? am not talking about MMM or Ponzi SCHEME
lavita is a matrix system which give you DOUBLE of your CAPITAL back in (45 min) after registration
LAVITA PACKAGES
₦10,000——–₦20,000❌❌❌
₦20,000——–₦40,000
₦40,000——–₦80,000
₦50,000——–₦100,000
₦100,000——₦200,000
₦200,000——₦400,000
₦400,000——₦800,000
₦800,000——₦1,600,000
₦1,000,000—₦2,000,000
NOTE: we credit your account after 45min after registeration.
INTRODUCTION
Lavita Ricca International is a company duely registered under the Coporate Affairs Commission of Nigeria and certified fraud free to do business in Nigeria by the Economic Financial Crimes Commission (EFCC). This is a Nigerian network marketing company founded by Mr. Ifeanyi Alex Monye with it’s Head Quarter’s. The company takes pride in the fact that it stands out amongst other network marketing companies. It has the best compensation plan, affordable and effective services, systems that keeps her customers coming back for more. When you join this company, you get more than their outstanding services.
CONTACT NAME:- ELIZABETH TINA
HOT LINE:+2349036369810
ITS SIMPLE HERE !!!!!!!
We trade with hard currency here like bit coin we make 3tripple of your donation and send you you two part and we benefit one part Example if you invest with 20k within 45mins we make profit of 60k then send 40k to you then profit 20k. This is not mmm where they merge people to donate for each other
You pay directly to us and we credit you directly.
https://api.whatsapp.com/send?phone=2349036369810&text=Am_in_interested_in_lavita_ricca_investment_how_do_i_register
Note:you get credited in less than 45mins.
CHAT US-UP IF INTEREST FILL YOUR FORM AND START EARNING
NOTE: You can finish reading this and decide not to take the necessary actions, but the next time you want to complain about not having money, just know that you are on your own problem. ? ?.