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Real reasons why FG denied Ekiti Budget Support Facility

by on February 17, 2017
 
The Ministry of Finance has ex­plained why the Ekiti State government was not allowed to ac­cess the Budget Support Fund like other states of the federation.
In a rebuttal to Gov­ernor Ayodele Fayose’s allegation that the Fed­eral Government had withheld the statutory allocation to Ekiti State, the ministry said that the governor’s claim was incorrect.
In a statement issued on Thursday by the Ministry’s Director of Information, Mr Salisu Na’inna Dambatta, he said that the state government failed to com­ply with the necessary requirements for par­ticipating in the Budget Support Facility (BSF), a conditional loan programme to state gov­ernments.
“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,” the ministry stated.

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