ADVERTISEMENT
The Sun Nigeria
  • Home
  • National
  • Columns
    • Broken Tongues
    • Capital Matters
    • Diabetes Corner
    • Duro Onabule
    • Femi Adesina
    • Frank Talk
    • Funke Egbemode
    • Insights
    • Kalu Leadership Series
    • Kunle Solaja
    • Offside Musings
    • PressClips
    • Public Sphere
    • Ralph Egbu
    • Shola Oshunkeye
    • Sideview
    • The Flipside – Eric Osagie
    • Tola Adeniyi
  • Business
  • Politics
  • Entertainment
  • The Sun TV
  • Sporting Sun
No Result
View All Result
  • Home
  • National
  • Columns
    • Broken Tongues
    • Capital Matters
    • Diabetes Corner
    • Duro Onabule
    • Femi Adesina
    • Frank Talk
    • Funke Egbemode
    • Insights
    • Kalu Leadership Series
    • Kunle Solaja
    • Offside Musings
    • PressClips
    • Public Sphere
    • Ralph Egbu
    • Shola Oshunkeye
    • Sideview
    • The Flipside – Eric Osagie
    • Tola Adeniyi
  • Business
  • Politics
  • Entertainment
  • The Sun TV
  • Sporting Sun
No Result
View All Result
The Sun Nigeria
No Result
View All Result
Home National

How C’River earned $20.4m World Bank SFTAS Grant, Finance Commissioner 

15th January 2021
in National
0
How C’River earned $20.4m World Bank SFTAS Grant, Finance Commissioner 
0
SHARES
48
VIEWS
Share on FacebookShare on Twitter
From Judex Okoro, Calabar
The Cross River Finance Commissioner, Asuquo  Ekpenyong, has explained that the state instituted far reaching reforms that enabled her to earn the $20.4m World Bank grant.
The grant, under the States’s Fiscal Transparency, Accountability and Sustainability (SFTAS), is a World Bank funded programme in collaboration with  Federal government.
Ekpenyong said the state adopted series of ginancial measures including strengthening its internally generated revenue collection and implementation of biometric verification to reduce payroll fraud.
He said: “The state also improved it’s procurement practices for increased transparency strengthened public debt management, fiscal responsibility framework, improved debt Sustainability and instituted a more transparent budgeting process over the course of the fiscal year.
“Moreso, the assessment excercise was conducted in September 2020 by the Independent Verification Assesors from the office of the Auditor General of the Federation.
“This showed that Cross River State achieved 6 Disbursement Linked Indicators (DLRs) out of 9 applicable DLRs for 2019 and 3 DLRs out of 3DLRs, ie 100% for the 2020 additional financing”, the commissioner said.
According to him, under the additional finance assessment, the state earned $10,000,000 while another $10,400,000 accrued to the state from the Annual Performance Assessment making it $20,400,000.
He further explained that the grant will be beneficial to the people of the state as it will be used to finance the 2021 budget.
“The 2021 budget is focused on rural development, youth empowerment  and government activities will enhance multiplier effect on the local economy.
“The budget is heavily skewed towards youth empowerment  and providing employment activities for young people especially in rural areas”, he stated.
Tags: $20.4mC'RiverCommissionerearnedfinancegrantSFTASworld bank
Cyril

Cyril

Related Posts

Mining ministry expects investors’ influx this year, says Minister
Business

Mining ministry expects investors’ influx this year, says Minister

28th February 2021
Ministry to disburse N200 million to 100 artisanal miners
Business

Ministry to disburse N200 million to 100 artisanal miners

28th February 2021
FG gives Mines, Steel Dev. Ministry N6 billion COVID-19 response lifeline
National

FG gives Mines & Steel Ministry N6 billion COVID-19 response lifeline

28th February 2021
Next Post

Diri extols courage, sacrifice of fallen soldiers

Ex-Servicemen seek improved pensions

Ex-Servicemen seek improved pensions

It's time for national amity, commitment to security and prosperity--UNDEDSS declares

Leave a Reply Cancel reply

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

Highlights

NNL working closely with clubs, others on welfare of players, officials

ALSCON strategic to Nigeria’s economic diversification: Minister

Equity partnership, game changer for Ajaokuta, says Adegbite

Road Safety FC beat K & G Shekarau to record their first win

Ajaokuta Steel Plant’s envisaged resuscitation, stalled by coronavirus: Minister

FG packages Barite for global market, says Minister

Trending

Mining ministry expects investors’ influx this year, says Minister
Business

Mining ministry expects investors’ influx this year, says Minister

28th February 2021
0

(NAN) The Ministry of Mines and Steel Development is expecting an influx of foreign mining investors this...

Ministry to disburse N200 million to 100 artisanal miners

Ministry to disburse N200 million to 100 artisanal miners

28th February 2021
FG gives Mines, Steel Dev. Ministry N6 billion COVID-19 response lifeline

FG gives Mines & Steel Ministry N6 billion COVID-19 response lifeline

28th February 2021
NNL working closely with clubs, others on welfare of players, officials

NNL working closely with clubs, others on welfare of players, officials

28th February 2021
ALSCON strategic to Nigeria’s economic diversification: Minister

ALSCON strategic to Nigeria’s economic diversification: Minister

28th February 2021

Follow us on social media:

Categories

  • Abuja Metro
  • Arts
  • Broken Tongues
  • Business
  • Business Week
  • Cartoons
  • Citizen Joe
  • Columns
  • Cover
  • Culture
  • Duro Onabule
  • Editorial
  • Education Review
  • Effect
  • Elections
  • Entertainment
  • Events
  • Features
  • Femi Adesina
  • Food & Drinks
  • Frank Talk
  • Funke Egbemode
  • Gallery
  • Global Square by Kenneth Okonkwo
  • Health
  • Insights
  • Kalu Leadership Series
  • Kunle Solaja
  • Kunle Solaja
  • Letters
  • Lifeline
  • Lifestyle
  • Literary Review
  • Marketing Matters
  • Muiz Banire
  • National
  • News
  • Offside Musings
  • Opinion
  • oriental news
  • Politics
  • Press Release
  • PressClips
  • Public Sphere
  • Ralph Egbu
  • Shola Oshunkeye
  • Sideview
  • South-west Magazine
  • Sponsored Post
  • Sporting Sun
  • Sports
  • Sun Girl
  • Tea Time
  • The Flipside – Eric Osagie
  • The Sun Awards Live
  • The Sun TV
  • Thoughts & Talks
  • Time Out
  • Today's cover
  • Tola Adeniyi
  • Travel
  • Travel & Tourism
  • Trending
  • TSWeekend
  • Turf Game
  • Uncategorized
  • Updates
  • Views from Abroad
  • Voices
  • World
  • World News
  • Home
  • About Us
  • Paper Ad Rate
  • Online Ad Rate
  • The Team
  • Contact Us
  • Privacy Policy

© 2019 The Sun Nigeria - Managed by Netsera.

No Result
View All Result
  • Home
  • National
  • Columns
    • Broken Tongues
    • Capital Matters
    • Diabetes Corner
    • Duro Onabule
    • Femi Adesina
    • Frank Talk
    • Funke Egbemode
    • Insights
    • Kalu Leadership Series
    • Kunle Solaja
    • Offside Musings
    • PressClips
    • Public Sphere
    • Ralph Egbu
    • Shola Oshunkeye
    • Sideview
    • The Flipside – Eric Osagie
    • Tola Adeniyi
  • Business
  • Politics
  • Entertainment
  • The Sun TV
  • Sporting Sun

© 2019 The Sun Nigeria - Managed by Netsera.

Welcome Back!

Login to your account below

Forgotten Password?

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

Add New Playlist