ADVERTISEMENT
TechEconomy
Thursday, May 15, 2025
No Result
View All Result
Advertisement
  • News
  • Tech
    • DisruptiveTECH
    • ConsumerTech
      • Accessories
      • Phones
      • Laptop
      • Gadgets and Appliances
      • Apps
    • How To
    • TechTAINMENT
  • Business
    • Telecoms
      • Broadband
    • Mobility
    • Environment
    • Travel
    • Commerce
    • StartUPs
    • TE Insights
    • Security
  • Partners
  • Economy
    • Finance
    • Fintech
    • Digital Assets
    • Personal Finance
    • Insurance
  • Features
    • IndustryINFLUENCERS
    • Guest Writer
    • Appointment
    • EventDIARY
    • Editorial
  • Apply
  • TecheconomyTV
  • Techeconomy Events
  • BusinesSENSE For SMEs
  • TBS
  • News
  • Tech
    • DisruptiveTECH
    • ConsumerTech
      • Accessories
      • Phones
      • Laptop
      • Gadgets and Appliances
      • Apps
    • How To
    • TechTAINMENT
  • Business
    • Telecoms
      • Broadband
    • Mobility
    • Environment
    • Travel
    • Commerce
    • StartUPs
    • TE Insights
    • Security
  • Partners
  • Economy
    • Finance
    • Fintech
    • Digital Assets
    • Personal Finance
    • Insurance
  • Features
    • IndustryINFLUENCERS
    • Guest Writer
    • Appointment
    • EventDIARY
    • Editorial
  • Apply
  • TecheconomyTV
  • Techeconomy Events
  • BusinesSENSE For SMEs
  • TBS
No Result
View All Result
Tech | Business | Economy
No Result
View All Result
Podcast

Home » Finance Ministry to Buy Stationery, Solar Inverter, others with $5.6m World Bank Loan

Finance Ministry to Buy Stationery, Solar Inverter, others with $5.6m World Bank Loan

Techeconomy by Techeconomy
December 26, 2023
in Finance
0
FEC approves World Bank Loan
FEC approves World Bank Loan

FEC approves World Bank Loan

RelatedPosts

Retailers Urge EU to Address High Visa, Mastercard Fees Threatening Competitiveness

Retailers Urge EU to Address High Visa, Mastercard Fees Threatening Competitiveness

May 15, 2025

FirstBank Maintains Retails Dominance with Temporary Overdraft Product

May 15, 2025

The World Bank has approved the sum of $5.6m for the Home Finance Department of the Ministry of Finance, Budget and National Planning to procure 21 items, which included office stationeries, furniture, solar inverter, office equipment, and vehicles.

The approvals were made under the State Fiscal Transparency, Accountability and Sustainability (SFTAS) project, which was initiated in 2018.

The SFTAS project was designed to strengthen transparency and accountability at the sub-national level and ended in 2022.

However, the implementation of the projects is still ongoing according to a document obtained from the bank.

According to this report, 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.

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.

United BANK

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

It also got another $39,357, up from the N33,000 initially requested for additional office equipment and supplies for the SFTAS Programme Coordinating Unit.

For the furniture items, the department got $64,190 for furnishing and equipping SFTAS Public Service Institute space; $14,842 for additional office furniture and partitioning of the STFAS office, as well as $19,368 up from $17,250 for additional office equipment and furniture for the Debt Management Office.

The department also received $24,038 for the procurement of video conferencing equipment for the SFTAS PCU and MiFi modems for the DMO.

Loading

United BANK

Author

  • Techeconomy
    Techeconomy

    View all posts
0Shares

Tags: AccountabilityDMOMiFiSFTASSFTAS PCUState Fiscal TransparencySustainabilityWorld Bank
Previous Post

Discovery and Transformation: How the Retail Lessons of 2023 Are Shaping the Trends of 2024  

Next Post

Electricity: Discos Yet to Meter 7.1million Customers

Techeconomy

Techeconomy

Related Posts

Retailers Urge EU to Address High Visa, Mastercard Fees Threatening Competitiveness
Finance

Retailers Urge EU to Address High Visa, Mastercard Fees Threatening Competitiveness

by Joan Aimuengheuwa
May 15, 2025
0

According to the group, these charges have gone beyond hurting business margins to also suppressing innovation and weakening Europe’s competitive...

Read more
Segun Alebiosu, Ag. CEO, FirstBank, Euromoney | Retail Temporary Overdraft

FirstBank Maintains Retails Dominance with Temporary Overdraft Product

May 15, 2025
rea Electricity and IoT West Africa Conference

Electricity: REA Secures N5.8bn for Off-Grid Power Expansion

May 14, 2025
Expert Charges CBN | Naira depreciated

Naira Holds Steady at N1,600/$1 in Official Market

May 14, 2025
Ms Patience Oniha, DG DMO overseeing Nigeria's debt and FG Bonds | Sukuk

DMO Launches N300bn Sukuk Bonds to Finance Road Projects

May 13, 2025
CBN - Central Bank of Nigeria

CBN Declares Loan, Contract Offers by Third Party as Fraudulent

May 13, 2025
Next Post
electricity tariff, Discos, Ikeja Electric, Power supply, NERC, Power outage

Electricity: Discos Yet to Meter 7.1million Customers

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

I agree to the Terms & Conditions and Privacy Policy.

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Techeconomy Podcast

Techeconomy Podcast
Techeconomy Podcast

Infowave is brought to you by TechEconomy. Every week we will bring new stories from startups and influencers who are shaping and changing the world we live in. We’ll also bring you reports on topics you should know.

Follow us @techeconomyng for more.

CYBERSECURITY ESSENTIALS
byTecheconomy

BUILDING STRONGER NETWORKS AND COMMUNITIES

CYBERSECURITY ESSENTIALS
CYBERSECURITY ESSENTIALS
April 24, 2025
Techeconomy
Digital Marketing Trends and strategies for 2025 and beyond
February 27, 2025
Techeconomy
Major Lesson for Techies in 2024 and Projections for 2025
December 6, 2024
Techeconomy
Major Lessons for Techies in an AI-Driven World | Techeconomy Business Series Highlights
November 26, 2024
Techeconomy
Maximizing Profitability Through Seasonal Sales: Strategies For Success
November 8, 2024
Techeconomy
Techeconomy Business Series
October 15, 2024
Techeconomy
PRIVACY IN THE ERA OF AI: GETTING YOUR BUSINESS READY
May 30, 2024
Techeconomy
Unravel the Secrets of Marketing Everywhere All At Once with Isaac Akanni from Infobip | Infowave Podcast Episode 1
February 9, 2024
Techeconomy
The Role of Ed-tech in Life Long Learning and Continuous Education
October 19, 2023
Techeconomy
Filmmaking and Technology: A chat with Micheal Chineme Ike
June 7, 2023
Techeconomy
Search Results placeholder

WHAT IS TRENDING

https://www.youtube.com/watch?v=g_MCUwS2woc&list=PL6bbK-xx1KbIgX-IzYdqISXq1pUsuA4dz
uba

Follow Us

  • About Us
  • Contact Us
  • Careers
  • Privacy Policy

© 2025 Techeconomy - Designed by Opimedia.

No Result
View All Result
  • News
  • Tech
    • DisruptiveTECH
    • ConsumerTech
      • Accessories
      • Phones
      • Laptop
      • Gadgets and Appliances
      • Apps
    • How To
    • TechTAINMENT
  • Business
    • Telecoms
      • Broadband
    • Mobility
    • Environment
    • Travel
    • Commerce
    • StartUPs
    • TE Insights
    • Security
  • Partners
  • Economy
    • Finance
    • Fintech
    • Digital Assets
    • Personal Finance
    • Insurance
  • Features
    • IndustryINFLUENCERS
    • Guest Writer
    • Appointment
    • EventDIARY
    • Editorial
  • Apply
  • TecheconomyTV
  • Techeconomy Events
  • BusinesSENSE For SMEs
  • TBS

© 2025 Techeconomy - Designed by Opimedia.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.