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Kogi gets World Bank $5million for sound and sustainable budget implementation

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The World Bank has released to Kogi State the sum of $5million for achieving 90% of the budget Implementation procedure as at November.

The money released by the World Bank to the State is prize money for establishing a fiscally sustainable policy, was disclosed by the Kogi State Commissioner for Finance Budget and Economic Planning.

The Commissioner made the disclosure yesterday at a one day broad sensitization town hall meeting for Nigeria’s 2nd peer review organized by the Presidency, NEPAD/APRM Kogi State Office held in Lokoja.

Similarly, the Commissioner explained that the World Bank money was earned by the State for been reliable and responsive to COVID-19 through an amended COVID-19 responsive 2020 budget.

Hon. Asiwaju Asiru Idris confirmed the receipt of N1.9billion as money already received by the State Government as prize money for meeting SFTAS indicators.

He commended APRM for its pursuit of the highest possible standard of good Political, economic and corporate governance and for broad Sustainable socioeconomic developement, reason the state put together the participatory and transparent town hall meeting of stakeholders.

Hon. Asiru Idris commended Gov. Yahaya Bello for making transparency, accountability and sustainablity a policy priority, described the feat achieved by the state as unprecedented.

The Commissioner also commended Gov. Bello for given approval and full support aimed at providing necessary logistics and material support for the state Office of NEPAD/APRM, and the country team towards achieving there objectives.

Asiwaju Asiru Idris commended the Staff and all MDAs in the state, said it was there efforts in implementation of the policy of the present administration is behind the feats achieved by the state, added that that the money released to the State will be used for Education, Health, Agriculture, in improving Infrastructure as well as embarking on Social Programs to cushion the effects of COVID-19 on the people.

Recall that Kogi State achieved 100% in the APA 2019 assessment by SFTAS.

SFTAS is a $750m programme of the Federal Government aimed at rewarding States for meeting any or all of nine indicators that demonstrate improvements in State Fiscal Transparency, Accountability and Sustainability.

Source: The Nigerian Post

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