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The Federal Government has disbursed N135.4 billion to states and the Federal Capital Territory following the second Independent Assessment of Results obtained under the Nigeria COVID-19 Action Recovery and Economic Stimulus.<\/p>\n

The National Coordinator of the NG-CARES Programme, Dr. Abdulkarim Obaje, conveyed this information in a statement on Sunday by Suleiman Odapu, the Information and Communication Officer at NG-CARES.<\/p>\n

The NG-CARES initiative, supported by the World Bank with a budget of $750 million, is a multi-sectoral programme aimed at providing essential emergency relief to vulnerable and poor Nigerians, with a particular focus on supporting smallholder farmers and MSMEs severely impacted by the effects of the COVID-19 pandemic.<\/p>\n

Obaje noted that the fund allocation was linked to the results of states and the FCT in their efforts to assist the underprivileged under the NG-CARES initiative.<\/p>\n

According to him, Nasarawa, Cross Rivers, and Zamfara emerged as the top performers, securing N13.6 billion, N10.9 billion, and N10.2 billion in the second round of the programme assessment.<\/p>\n

\u201dThe top three best-performing states in this Second Round of Assessment are Nasarawa, which earned N13,697,828,496.96, Cross River N10,944,747,818.84, and Zamfara N10,231,055,267.82.<\/p>\n

\u201cThis is a milestone achievement in the efforts of President Bola Tinubu\u2019s administration at providing funds towards addressing multi-dimensional poverty in the country,\u201d Obaje noted.<\/p>\n

Recall that in January 2022, former Vice-President Yemi Osinbajo launched NG-CARES.<\/p>\n

Osinbajo said, \u201cthe World Bank loan is in the order of $750m, and this will be over two years (2021-2023); the intervention allocation to each state is $20m and $15m to the FCT; there is also $15m for the Federal Cares Support Unit.\u201d<\/p>\n

$750m World Bank loan: FG disburses N135bn to 36 states, FCT<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

The Federal Government has disbursed N135.4 billion to states and the Federal Capital Territory following the second Independent Assessment of…<\/p>\n","protected":false},"author":1,"featured_media":5232,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4161,4061,1125,15,4304],"tags":[2779,519,152,180,3578],"class_list":["post-5231","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","category-fct","category-fg","category-news","category-world-bank","tag-bank","tag-business","tag-fct","tag-news","tag-world"],"yoast_head":"\n