The Nigerian Government is to reimburse states and the Federal Capital Territory (FCT) N79 billion for funds expended on the implementation of the COVID-19 Action Recovery and Economic Stimulus (NG-CARES) Programme.
This was made known in Abuja when a four-man team from NG-CARES visited the Minister of State, Budget and National Planning, Prince Clem Ikanade Agba.
The team briefed the Minister on the implementation of the NG-CARES Programme and also thanked him for the support the NG-CARES Programme is getting from the Ministry.
They informed him of the submission of the Report of the Independent Verification Agents (IVA) exercise to the states and the FCT.
“It is, indeed, heartening to know the commitment of the World Bank to the $750m intervention to address very critical areas of the local economy and the needs of the poor and vulnerable,” the Minister stated.
The report, which was validated by the Federal CARES Technical Committee, is to be used to reimburse the 36 States and FCT Governments for funds expended on the implementation of the NG-CARES Programme.
The programme uses Performance for Result (Pfor R) which means states and FCT would have to expend their resources on programmes that target poor and vulnerable persons.
Once the results are verified and found to be in line with the verification protocol, states and FCT then get reimbursement.
The NG-CARES Programme is a World Bank- State support operation with the objective to expand access to livelihood support, food security services and grants for vulnerable households and firms.
The team was led by the World Bank Task Team Leader for NG-CARES, Prof. Foluso Okunmadewa, the Chairman Federal CARES Technical Committee, Mr Aso Vakporaye and the National Coordinator NG-CARES, Dr Abdulkarim Obaje.
PIAK
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