Cross River to inject World Bank SFTAS grant into 2021 budget to arrest youth restiveness

Cross River State Commissioner for Finance, Mr Asuquo Ekpenyong Jr has disclosed to the press that

Cross River State government intends to inject $20.4 million dollars grant from the World Bank's States Fiscal Transparency, Accountability and Sustainability , SFTAS, programme into implementation of 2021 budget of blush and bliss.

Mr Ekpenyong Jr stated this on Friday in Calabar during a press briefing at Ministry of Finance Headquarters that the money would be ploughed into the implementation of the state's 2021 budget which has emphasis on job creation for the youths.

He stated that Cross River state met the eligibility criteria for the 2019 programme and was accordingly pre-qualified for the detailed annual performance assessment of all qualified Nigerian states under the States Fiscal Transparency, Accountability and Sustainability (SFTAS) programme.

The assessment exercise which was conducted in September 2020 by the Independent Verification Assessors (IVA) from the office of the Auditor General of the Federation and JFR Consulting, showed that Cross River state achieved 6 Disbursement Linked Indicators (DLRs), out of 9 applicable DLRs for 2019, and 3 DLRs out of 3DLRs, i.e 100% for the 2020 additional financing.

The Commissioner said that the report noted that Cross River state has strengthened its Internally Generated Revenue (IGR) collection, implemented biometric verification to reduce Payroll fraud, improved its procurement practices for increased transparency, strengthened its public debt management and fiscal responsibility framework, improved debt sustainability and instituted a more transparent budgeting process over the course of the fiscal year.

The Commissioner used the opportunity to commend the members of the SFTAS state Steering Committee for their untiring efforts in bringing the state machinery up to speed towards achieving resounding success in the programme. The Steering Committee comprises of the Ministry of Finance, Internal Revenue Service, Office of Accountant General, Bureau of Due Process, Debt Management Department, and Auditor General’s Office.

He further stated that, “the independent verification success is a confirmation of the Ayade led administration’s commitment to transparency and fiscal performance”.

The SFTAS programme is a product of mutual agreement between the Federal Government of Nigeria and the World Bank, designed to strengthen the fiscal transparency, accountability and sustainability in Nigerian states as a way of improving their revenue base, increasing fiscal efficiency in public expenditure and reducing debt overhang.

It’s a four year programme that runs from 2018 to 2022, with a budget size of $750million.

Comments

BREAKING NEWS: Youths of Ikot Ansa Nab Vandals Destroying Public Utilities, Hand Over to Authorities for Prosecution

In a combined effort to curb the rampant vandalism of public utilities in Cross River State, the youth leader of Ikot Ansa, Prince, Victor Otu Iso JR, alongside his community, successfully apprehended criminals involved in the destruction of vital public infrastructure. The vandals were caught red-handed this morning, 13th day of September 2024, as they attempted to steal Amor cables belonging to state transformers at Ekpo Iso. Acting swiftly, the youth leader invited the Special Adviser on Public Utilities, Engr. Dr. Jerome Egbe KSM, and his counterpart on General Duties, Barr. Ekpenyong Akiba, to the scene. The Special Advisers arrived promptly, accompanied by operatives of the Nigerian Police Force from the Federal Division, and took custody of the criminals. The suspects have since been transferred to the State Criminal Investigation Department (CID) for further interrogation and prosecution. While addressing the youths of Ikot Ansa, Engr. Dr. Egbe and Barr. Akiba commended their

Chevron Opens Employment Portal for New Applicants

Chevron, a leading multinational energy corporation, has officially launched its employment portal, inviting qualified applicants from across the country to apply for various job openings. This move is part of the company’s ongoing commitment to create job opportunities and invest in local talent. According to Converseer , the open portal provides opportunities in various fields, including engineering, project management, finance, human resources, and operations. Candidates are encouraged to apply online by visiting the official Chevron employment portal, where they can submit their applications, upload relevant documents, and monitor the status of their submissions. Chevron’s initiative comes at a time when job creation is a top priority for both private and public sectors, aiming to reduce unemployment rates in the country. The company is looking for candidates who are innovative, team-oriented, and committed to achieving excellence in their respective fields. Interested applicants

Mass Communication Alumni: Class of 2006-2010, Donate Public Address System, Lecterns to Unicross Mass Communication Department

The Cross River University of Technology (CRUTECH) Mass Communication Alumni, Class of 2006-2010, have donated a Public Address System and two lecterns to the Department of Mass Communication. This philanthropic act underscores the alumni’s dedication to enhancing educational resources and supporting the development of the institution that played a pivotal role in their formative years. The donation ceremony took place on Monday, July 29, 2024, at the office of the Head of the Department of Mass Communication. During the event, Mr. Usani Ebri Omini, President of the 2006-2010 Alumni Association, expressed the collective sentiment of his peers. "Our time in the department was transformative, and although we lost some colleagues along the way, those experiences shaped who we are today," he said. "We are a young association, but today marks the beginning of our journey to give back. We are committed to supporting the Mass Communication Department continuously." Mr. O

Detailing News

Search This Blog