The Federal Government has pledged to support states in implementing the COVID-19 Action, Recovery and Economic Stimulus (NG-CARES) program to cushion the effects of the pandemic on vulnerable households.
Mr. Aso Vakporaye, the Chairman of the Federal CARES Technical Committee of the NG-CARES and Director Economic Growth in the Ministry of Finance, Budget and National Planning, gave the assurance in Abuja.
The News Agency of Nigeria (NAN) reports that Vakporaye, spoke at a meeting wit states and FCT officials on Packaging of Documentation for eligibility under the NG-CARES program.
He urged states and the FCT to present their concerns and seek clarifications on issues regarding the implementation of the program.
Vakporaye, who assured of the federal government’s commitment to supporting states always, stated that the NG-CARES program was in line with the Economic Sustainability Plan of the country.
”And a two-year program that can put the economy of the poor and vulnerable in a better position,” he said.
Vakporaye thanked the state governors for believing in what the NG-CARES program has been designed to achieve.
He disclosed that some of the state governors have already released funds for prior NG-CARES activities.
Earlier, the World Bank through the Task Team Leader for NG-CARES, Prof. Foluso Okunmadewa commended the Nigerian government for coming up with people’s centered program that addresses the fight against poverty.
“I salute the commitment that has been shown by the federal and state governments to the laudable objectives of the NG-CARES.
“We have seen substantial actions, strives and response by the federal government in making sure that this program moves as quickly as possible.
”The World Bank appreciates this commitment,” Okunmadewa stated.
He stated that the World Bank was committed to assisting the federal government in attaining its agenda of lifting 100 million Nigerians out of poverty in 10 years.
Also, the National Coordinator of NG-CARES, Dr. Abdulkarim Obaje, revealed that preparations were in top gear for the national launch of NG-CARES program scheduled for December.
Obaje revealed that the meeting agreed to a target of 20 states to be disbursement effective by end of 2021 to start receiving funds to implement the program provided their Eligibility package is complete.
NAN reports that NG-CARES is a 750 million dollars credit state program with support from the World Bank to support the 36 states and FCT aimed at mitigating the impact of COVID-19 on the livelihoods of poor and vulnerable households and micro-enterprises in the country. (NAN)