Skip to main content

CROSS RIVER STATE MINISTRY OF FINANCE COMMENCES PREPARATION FOR SFTAS 2020 ANNUAL PERFORMANCE ASSESSMENT (APA)

 



Cross River State has commenced preparations for the annual program assessment of the Federal Government/World Bank STATE FISCAL TRANSPARENCY ACCOUNTABILITY & SUSTAINABILITY (SFTAS) program for results for the 2020 financial year. The SFTAS program for Cross River State operates under the guidance of the Ministry of Finance, with Asuquo Ekpenyong Jr, Commissioner for Finance, acting as Chairman of the State steering committee.


For each year of the Program, in order to be eligible to receive funds for achievement of the disbursement-linked results for that year, states need to achieve the annual eligibility criteria. These criteria aim to help states achieve fiscal milestones including improved financial reporting, improved citizen’s participation in budgeting, strengthening internally generated revenue, and improved debt management capabilities amongst others.  For the 2019 assessment program, Cross River State earned $20.4million in grants.


In addition to the grants received, the tireless efforts of the entire finance cluster have resulted in an improvement in the fiscal profile of the state. Some of these gains include Cross River state being placed 8th in the fiscal performance index for the year 2021 as ranked in the state of the States assessment carried out by BUDGIT, as well as placing 12th in internally generated revenue for the period January to June 2021 with a figure of 14.8bn.


The Commissioner for Finance, Asuquo Ekpenyong Jr while speaking to reporters stated that “over the course of the fiscal year, Cross River State has strengthened its Internally Generated Revenue (IGR) collections, passed a robust & comprehensive Audit Law in line with International best practices, implemented biometric registration and verification to reduce payroll fraud; improved its procurement practices for increased transparency and value for money; strengthened its public debt management and fiscal responsibility framework; improved debt sustainability and instituted a more transparent budgeting process.” The state is confident that in 2022, the fiscal position of the State will improve further.

Comments

Post a Comment

Popular posts from this blog

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 t...
1 comment
Read more

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 applic...
Post a Comment
Read more

Engr. Jerome Egbe, KSM, Leads NICE Calabar to Endorse Governor Otu’s Road Projects, Offers Free Technical Support

  The Nigerian Institution of Civil Engineers (NICE), Calabar Chapter, has commended Governor Sen. (Apostle) Prince Bassey Edet Otu of Cross River State for what it described as a revolutionary stride in civil infrastructure delivery, particularly in the ongoing construction of roads across the state. In a landmark endorsement, the professional body passed a vote of confidence on the governor for his administration’s commitment to quality and adherence to standard engineering designs, especially in the construction of the Adiabo-Eseku Road and Bridges project in Odukpani Local Government Area. Leading the high-powered delegation was the Special Adviser on Public Utilities, Engr. Dr. Jerome Egbe, KSM, who facilitated a spot assessment of the 8.25 km project. The road, which includes over 3 km of construction across swampy terrain, is being executed by Messrs Zenith Construction Limited. It is strategically designed to link Adiabo to the Creek Town Road junction, thereby connecting C...
Post a Comment
Read more