The Federal Government has approved the release of N45.3 billion as reimbursement to States and the Federal Capital Territory, (FCT) for implementing the Nigeria Covid-19 Action Recovery and Economic Stimulus (NG CARES) Programme.
The National Coordinator of NG-CARES, AbdulKarim Obaje, disclosed this in a statement by the spokesperson for NG-CARES, Suleiman Odapu, yesterday, in Abuja.
NG-CARES Programme is a Federal Government’s initiative, supported by the World Bank and implemented in all 36 States and FCT.
Obaje explained that the funds disbursed on Thursday, were based on results each state and FCT earned after a rigorous result verification exercise conducted by an independent consultant.
He stated that the results earned by the States and the FCT showed significant progress in achieving the set objectives and targets of the
NG-CARES Programme.
The National Coordinator appealed to States and the FCT to use the funds released in line with the financing agreement and the “Funds Release Policy”, which all the States and FCT signed.
Obaje commended key stakeholders in the programme, notably the Minister of State, Budget and National Planning, Clem Agba, for providing the needed leadership at the federal level to coordinate the implementation at the States and FCT, State governors, and the World Bank for providing the credit and technical support.
