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Showing posts with label Ekiti State Government. Show all posts
Showing posts with label Ekiti State Government. Show all posts

Friday, 17 February 2017

MINISTRY OF FINANCE REFUTES WITHHOLDING STATUTORY ALLOCATION TO EKITI STATE

A claim by the Governor of Ekiti State, Mr. Ayodele Fayose, that the Federal Ministry of Finance has withheld statutory allocation due to Ekiti State has been brought to the attention of the Ministry of Finance.

The Ministry categorically denies and states the claim as incorrect as the Ministry has not withheld any statutory allocation due to Ekiti State, or any other State in the country.

The fact is that, the Ekiti State Government failed to comply with the necessary requirements for participating in the Budget Support Facility (BSF), which is a Conditional Loan Programme to State Governments introduced with the view to enhancing fiscal prudence and designed particularly to enhance transparency, efficiency in public expenditure and payment of salaries.