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Finance Ministry Requests $8.92m World Bank Loan For Stationery, Others - Politics - Nairaland

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Finance Ministry Requests $8.92m World Bank Loan For Stationery, Others by adenigga(op): 7:33am On Nov 19, 2022
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The Home Finance Department of the Ministry of Finance, Budget and National Planning has requested about $8.93m from the World Bank to procure 21 items, which included office stationery, office furniture, office supplies, office equipment, and vehicles.

The requests were made under the State Fiscal Transparency, Accountability and Sustainability project, which was initiated in 2018.

The SFTAS project was designed to strengthen transparency and accountability at the sub-national level, and will end this year.

A total of $1.5bn was committed to the project in two batches of $750m (December 2018 and December 2020) by the World Bank.


Although the money is a grant to state governments, it is a loan to the Federal Government.

A copy of the procurement plan for the project covering a period from February 2019 to August 2020 was recently obtained by our correspondent.

The procurement plan is in line with the World Bank’s Procurement Guidelines which establish the arrangements to be made for procuring the goods and works (including related services) required for a project.

According to the procurement plan for the SFTAS project for the period disclosed by the World Bank, the Home Finance Department requested an estimated $25,713 to acquire office stationery and supplies.

There was another $33,000 request for office equipment and supplies for the SFTAS Programme Coordinating Unit.

For the furniture items, the department requested $64,190 for furnishing and equipping SFTAS Public Service Institute space; $17,000 for additional office furniture and partitioning of the STFAS office, as well as $17,250 for additional office equipment and furniture for the Debt Management Office.

The department also requested $25,000 for the procurement of video conferencing equipment for the SFTAS PCU and MiFi modems for the DMO.

However, the biggest request was for the provision of spatial data to states, which was estimated at $8m.

There was also a $291,804 request for the procurement of project vehicles for the PCU and independent verification agent.


Out of the 21 items proposed, three were cancelled, one was successfully completed, and another was under implementation. Also, four were pending implementation, and the rest were only signed as of the time the document was released in October 2022.

The cancelled requests included two more requests for additional furniture, which had been previously signed.

The PUNCH recently reported that the Federal Government received $338.98m from the World Bank in 2022, which it planned to release to states soon through the SFTAS programme.

A check by The PUNCH on the website of the World Bank showed that four disbursements were made to the Federal Government in 2022.

The first disbursement was made in April 2022, with the release of $700,036.87, while the second was $330.99m in June.

The third disbursement was in October, with the release of $6.83m, while the last disbursement was $450,419 in November this year.

Recently, the Minister of Finance, Budget and National Planning, Dr Zainab Ahmed, disclosed that states had received N471.9bn of the $1.5bn World Bank-assisted SFTAS Programme for Results.

Also, during a special dinner by the PCU of the Finance Ministry and the World Bank with state governors to celebrate SFTAS achievement, the finance minister said that the last tranche of the funds would be released to states “in a few weeks.”

She said, “I am pleased to inform you that in the next few weeks, your states will receive the last tranche of performance-based grants, including the sum of N1bn withheld by the Central Bank through naira exchange deficit, thus bringing to a close the Performance for Results Grant, even though the technical assistance component will continue to be delivered by implementing agencies and partners till June 2023 when the programme will finally wind down.”

When contacted by our correspondent, the SFTAS‘ Communications Specialist, Ibrahim Mohammed, said that it was a regular procedure to purchase items needed for a project.

He noted that the items were acquired at the start of the project and were used to ensure the successful implementation of the project.

He said, “When a programme starts, there is procurement of the basic items needed for the jobs. So, procurement was made in terms of providing furniture for the office, ICT infrastructure, and the rest. They are all for the use of the office, not the ministry or department.

“The office is situated in the Home Finance Department of the Ministry of Finance. We have implementing agencies and partners like the DMO, AGF, OGP, and Office of the Auditor General of the Federation. All the salaries for consultants are drawn from that fund, and the consultants offer technical assistance to the States.”
Source: https://punchng.com/Ministry-requests-$8.92m-World-Bank-loan-for-stationery-others

Re: Finance Ministry Requests $8.92m World Bank Loan For Stationery, Others by Elmojiid(m): 7:37am On Nov 19, 2022
This woman is Holmes low budget ..awon reaper
Re: Finance Ministry Requests $8.92m World Bank Loan For Stationery, Others by Nobody: 7:44am On Nov 19, 2022
PDP is corrupt, APC are angels that fell out of Allah's and Jesus butthole.


Atiku is coming
Re: Finance Ministry Requests $8.92m World Bank Loan For Stationery, Others by JASONjnr(m): 8:07am On Nov 19, 2022
Thinkam:
PDP is corrupt, APC are angels that fell out of Allah's and Jesus butthole.


Atiku is coming
You've said it all...


PDP is corrupt...

And PDP is APC....both are corrupt...
Re: Finance Ministry Requests $8.92m World Bank Loan For Stationery, Others by Racoon(m): 8:07am On Nov 19, 2022
Gang of criminals still looting the carcass of Nigeria dry.
Re: Finance Ministry Requests $8.92m World Bank Loan For Stationery, Others by jojothaiv(m): 10:52am On Nov 19, 2022
Once, it comes to Nigeria politics the devil is always innocent

You know why, his kindred called Nigerian politicians are guilty.
Re: Finance Ministry Requests $8.92m World Bank Loan For Stationery, Others by sukkot: 10:53am On Nov 19, 2022
shocked
Re: Finance Ministry Requests $8.92m World Bank Loan For Stationery, Others by EKONGKING: 10:53am On Nov 19, 2022
Nigeria must be stupidest country in world ,worse than a shith@le .Never have any country taken a loan from world bank to buy stationary items for any departments ,talk less of finance department .


Trump needs to update the meaning of shith@le as Nigeria is becoming worse than that .
Re: Finance Ministry Requests $8.92m World Bank Loan For Stationery, Others by zeusdgrt(m): 10:54am On Nov 19, 2022
It will never be well with this govt and as for the people clamouring for them to return through another candidate same fate await u
Re: Finance Ministry Requests $8.92m World Bank Loan For Stationery, Others by potent5(m):
This woman wants to sell off Nigeria before leaving. She is desperate to grab enough in the eleventh hour of this administration. grin

What manner of Finance Minister borrows money just to furnish her house?!
Re: Finance Ministry Requests $8.92m World Bank Loan For Stationery, Others by kushma(m): 10:55am On Nov 19, 2022
Worst minister of finance in history of Nigeria, want to loot more money before leaving the office.
Re: Finance Ministry Requests $8.92m World Bank Loan For Stationery, Others by Smilgler(m): 10:55am On Nov 19, 2022
Ok ,it's well with our country Nigeria ��
Re: Finance Ministry Requests $8.92m World Bank Loan For Stationery, Others by Kirkman: 10:55am On Nov 19, 2022
Thieves. Make dem use out of the $20milion naira Abacha loot that they just recovered to fund their stationery budget. Instead of piling debts for the next administration and future Nigerians to pay up.
Re: Finance Ministry Requests $8.92m World Bank Loan For Stationery, Others by FrancescoFarino(f): 10:55am On Nov 19, 2022
There was a country
Re: Finance Ministry Requests $8.92m World Bank Loan For Stationery, Others by MorolayoVictor(m): 10:57am On Nov 19, 2022
Haba!
Re: Finance Ministry Requests $8.92m World Bank Loan For Stationery, Others by Opinedecandid(m): 10:57am On Nov 19, 2022
Na so.
Sai Baba
Re: Finance Ministry Requests $8.92m World Bank Loan For Stationery, Others by higaconst: 10:58am On Nov 19, 2022
May God punish these Gov..and and any body supporting Apc and Pdp
Re: Finance Ministry Requests $8.92m World Bank Loan For Stationery, Others by ClassicMan202(m): 11:00am On Nov 19, 2022
Dd
Re: Finance Ministry Requests $8.92m World Bank Loan For Stationery, Others by ModCaller: 11:00am On Nov 19, 2022
This country is a disgrace
Re: Finance Ministry Requests $8.92m World Bank Loan For Stationery, Others by patriotic007: 11:01am On Nov 19, 2022
Never again will Nigeria fall under the control of such people
Re: Finance Ministry Requests $8.92m World Bank Loan For Stationery, Others by PHIPEX(m): 11:01am On Nov 19, 2022
Anyone who supported Buhari and is supporting Tinubu is one of the most heartless humans alive.

You are the kind of persons that kept Robert Mugabe, Paul Biya and other African ancestors in power for decades
Re: Finance Ministry Requests $8.92m World Bank Loan For Stationery, Others by Kam2021: 11:01am On Nov 19, 2022
Worst finance minister
Re: Finance Ministry Requests $8.92m World Bank Loan For Stationery, Others by blowjohn(m): 11:03am On Nov 19, 2022
Thinkam:
PDP is corrupt, APC are angels that fell out of Allah's and Jesus butthole.


Atiku is coming
Watch ur mouth man.
Stop blaspheming
Re: Finance Ministry Requests $8.92m World Bank Loan For Stationery, Others by tishbite41(m): 11:06am On Nov 19, 2022
God, when will this Fulani heist end?!?!!
Re: Finance Ministry Requests $8.92m World Bank Loan For Stationery, Others by Sardauna24(m): 11:08am On Nov 19, 2022
adenigga:
:



Source: https://punchng.com/Ministry-requests-$8.92m-World-Bank-loan-for-stationery-others
And later on they will be saying that there's no money to settle ASUU and other Urban and Rural development Projects...bunch of thieves
Re: Finance Ministry Requests $8.92m World Bank Loan For Stationery, Others by casualobserver: 11:10am On Nov 19, 2022
JASONjnr:
You've said it all...


PDP is corrupt...

And PDP is APC....both are corrupt...
Nigerians are corrupt whether PDP, APC Labour, you are all the same. Nothing good can come out of Nigeria because we are collectively useless people!!! You blaming PDP you are corrupt, you blaming APC you are corrupt, you thinking Obi is the answer you are corrupt!!!!’n
Re: Finance Ministry Requests $8.92m World Bank Loan For Stationery, Others by crossfm: 11:11am On Nov 19, 2022
Hehehe .

Soon we go borrow to pay for bush burning angry.
Re: Finance Ministry Requests $8.92m World Bank Loan For Stationery, Others by Sardauna24(m): 11:11am On Nov 19, 2022
higaconst:
May God punish these Gov..and and any body supporting Apc and Pdp
Even the Obi you're clamouring for was once a PDP member so they're all the same be wise........ and shine ya eyes
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