The Ministry
To be the foremost State Ministry of Finance and Planning in the formulation and promotion of economic development policies and execution of financial policies for the overall development of Kwara State.
- Promote and improve policy formulation, planning and implementation of appropriate development policies by working alongside with other MDAs to ensure coordination that result in better economic growth and development of the state.
- Strict adherence to financial legislations towards achieving set economic goals.
Transparency and accountability by subjecting the States financial activities/programs to local and international rating.
Management of the Finances of the State Government.
- Supervision of the administration of taxes and taxation and revenue collection.
- Monitor the lending, borrowing, Banking of Currency and Foreign Exchange of the State.
- Investment of Public funds and insurance of Government property.
- Procurement and administration of internal and external loans.
- Managing the treasury single account of the state.
- Vigorously implement broad-based economic empowerment and affirmative action policies.
- Strengthen the entire Monitoring and Evaluation (M&E) system in the State.
- Evolve effective Debt Management Policy.
Collaborate with the World Bank and other multilateral funding/donor agencies to create alternative funding platform for the State development. - Institutionalize a strategic approach to budgeting, fiscal discipline and debt management.
Achievements
- Prompt payment of salaries and Pension.
- Prompt release of monthly allocation to MDAs.
Prompt release of warrant and subsequent cash backing of approved funds. - Monitoring of expenditure through appropriate tracking of approved funds against the votes of charge in order to avoid over expenditure.
- Compilation and analysis of monthly returns from MDAs to ensure strict compliance to annual estimates.
- Articulation and preparation of annual estimates in line with Government policy objectives i.e. introduction of citizen budget.
- Hosting of stakeholders meeting on RMFAC.
- Payment of outstanding arrears of the subvention to tertiary institutions.
Payment of N100 million gratuities monthly. - Payment of counterpart fund to SUBEB and other World Bank Projects.
Implementation of SFTAS.
Departments
The following are highlights of the specific functions of Budget Directorate in line with Government directive.
The Directorate of Planning is saddled with the following cabinet responsibilities to ensure effectiveness in line with the directive of the Kwara State Government.
The responsibilities of the Monitoring and Evaluation Directorate are as follows:
The following are the functions of the Administration Directorate:
