The Nigeria COVID-19 Action Recovery and Economic Stimulus (NG-CARES), has urged the 36 states of the federation and the Federal Capital Territory (FCT) to accelerate the implementation of the programme.
Professor Foluso Okunmadewa, the World Bank Lead Specialist, Social Protection and Task Team Leader for NG-CARES, made the call at a two-day implementation status review meeting with States’ Coordinators on Thursday in Abuja.
NG-CARES is a World Bank-assisted Federal Government credit project of 750 million dollars.
It is a two-year intervention project aimed at mitigating the impact of COVID-19 on the poor and vulnerable groups.
Each of the 36 states of the federation is expected to get 20 million dollars; FCT will get 15 million dollars, while the Federal CARES Support Unit is also allocated 15 million dollars.
He expressed delight that the programme had started effectively since January, adding that all states are implementing the programme.
He said that no fewer than 40 million Nigerians were expected to benefit from the programme in three major areas.
“They are: social transfers, basic services in the area of food security and in the area of small and micro enterprises. And the totality of the people that are expected to benefit from the 750 million dollars NG-CARES programme within two years’ time are almost 40 million Nigerians,” Okunmadewa said.
Okunmadewa emphasised the need for all states to accelerate the implementation of the programme.
“We have seen an upswing in the implementation unlike what it was around March this year, where things were not as forthcoming as expected. But now in a sizable number of states, even the state governments have added more resources to the resources that were provided as assistance from the World Bank.”
He however said that few states were still lagging behind in the implementation.
“We looked at some of the constraints they have, we provided advice and some activities will be taken at the federal level,” Okunmadewa said.
He said that some activities would be taken at the World Bank level to speak with governors and other critical stakeholders.
Earlier, the Chairman Federal CARES Technical Committee, Mr Aso Vapkoraye, emphasised that the programme would drastically reduce rate of poverty occasioned by the negative impact of COVID-19 pandemic in the country.
“That is why it is an economic stimulus and we thank the Federal Government and the Minister of Finance, Budget and National Planning for being very supportive of the NG-CARES programme.”
Also, the National Coordinator of NG-CARES, Dr Abdulkarim Obaje, said that both the World Bank and the Federal Government had requested for a review of the progress that had been recorded by all the states.
He said that the programme was a fast disbursing credit facility from the World Bank, “which means the money should be disbursed to each state as quickly as possible within the time frame of the programme.”
Obaje extolled the disposition of the World Bank and the Federal Government towards simplifying the processes.
He said this would ensure that all the money, if possible would go down to the states to assist the poor and vulnerable.
NAN
