COVID-19: Nigeria Disburses N35bn Under World Bank-Funded NG-CARES To States, FCT

According to the Federal Government of Nigeria (FGN), N35.3 billion has been distributed to 36 states and the Federal Capital Territory (FCT) to help alleviate the impact of COVID-19.

Prof. Yusuf Suleiman, Team Leader, Physical Implementation Support Mission for NG-CARES Program, provided the figures on Friday.

Suleiman made the remarks during a courtesy call on Kebbi Governor Atiku Bagudu at the Government House in Birnin Kebbi’s capital.

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Vice President Yemi Osinbajo announced the $750 million Nigeria COVID-19 Action Recovery and Economic Stimulus (NG-CARES) in February, which was funded by the World Bank.

The funding aid states in their efforts to minimize the effects of the coronavirus pandemic’s socioeconomic catastrophe.

“As of last week, we were able to transfer N35.3 billion to states, with Kebbi receiving N900 million,” Suleiman said, according to NAN.

“We did a desk review,” says the author. What you saw on paper paled in comparison to what had been accomplished at the state level.”

Before the money can be reimbursed, states must first deliver results, according to the official.

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According to Suleiman, the money allocated to the 36 administrations and the FCT should be repaid in full within the next six months.

He warned that if a state could not produce results beyond the N900 million it had received, it would be difficult to do so in the future.