• About
  • Advertise
  • Contact
Friday, May 30, 2025
  • Login
Vital News
  • Frontpage
  • Business
  • Economy
  • Politics
  • National
  • Opinion
  • Sports
  • More
    • Crime
    • Judiciary
    • Security
No Result
View All Result
  • Frontpage
  • Business
  • Economy
  • Politics
  • National
  • Opinion
  • Sports
  • More
    • Crime
    • Judiciary
    • Security
No Result
View All Result
Vital News
No Result
View All Result
Home Economy

FG, States Can Utilise $750m NG-CARES Fund—World Bank

Vital News by Vital News
September 30, 2022
in Economy
0
Share on FacebookShare on Twitter

The Nigeria COVID-19 Action Recovery and Economic Stimulus (NG-CARES), has expressed confidence in the commitment of 36 states and the Federal Capital Territory to utilise the 750 million dollars NG-CARES fund before June 2023.

Prof. Foluso Okunmadewa, Task Team Leader (TTL) for NG-CARES, stated this is an interview with newsmen on the sidelines of the NG-CARES Implementation Support Meeting held on Thursday in Abuja.

Okunmadewa said that the programme was getting to its closing level, adding that all the key elements that were supposed to be in place were available as the states were committed.

He said: ” All the states of the Federation and the Federal Capital Territory are deeply committed and that give us the confidence that things will turn around and there will be close to 100 per cent performance going forward.

” Even the performance that we have now is not a bad, but we want the best, the maximum, because the challenges and issues are huge.This is an emergency operation.

RelatedStories

Sidi Ould Tah Elected New President Of AfDB

President Tinubu Appoints Former Speaker, Yakubu Dogara As Chairman Of NCGC

National Sports Festival’s Impact on Ogun Economy Massive – Abiodun

Poverty Alleviation: TMSG Hails FG’s Fast-tracked Cash Transfer To 15 million Vulnerable Households

” In fact, I can tell you that the resources that are available in this programme are very small compared to the challenges that we are talking about.

” So, in no time, I’m sure the states with the commitment they are showing now, with the eagerness to move very quickly, will utilise all of the resources.”

Okunmadewa said that the programme was designed as an emergency operation approved in 2020, with the understanding that it will close in June 2023.

” We have nine months from now and within the period a lot can happen when all the guns in 37 points are firing at the same time in no time these resources will be used,” he added.

On his part, the National Coordinator of NG-CARES, Dr Abdulkarim Obaje, disclosed that so far, it had disbursed N35.3 billion to all the 36 states and the FCT.

Obaje said that the expectation was that being a programme for result, states would double the amount of money that was given to them to enable them produce results.

He said: ” So that when the Independent Verification Agent come or visit to the states in Oct., then the states will have published and posted enough results that will enable this advance of N35.3 billion to be taken one off.

” Then, the states will have enough reimbursement to be available to continue the implementation of the programme going forward.

” Some states are holding on to this advance not releasing the money to the delivery platforms.

”And in that case the delivery platforms cannot produce enough results and this has implications with the Independent Verification Agent’s visit.

” So, we are concern with the way some states are handling this issue of advance and even funding of their delivery platforms.” (NAN / vitalnewsngr.com)

Tags: bankFGfundStates
Previous Post

BBC Restructures, To Sack 382 Workers

Next Post

9 Law Professors, 3 EFCC Lawyers, 50 Others Emerge Senior Advocates of Nigeria

Vital News

Vital News

RelatedStories

Sidi Ould Tah Elected New President Of AfDB
Economy

Sidi Ould Tah Elected New President Of AfDB

May 29, 2025
President Tinubu Appoints Former Speaker, Yakubu Dogara As Chairman Of NCGC
Economy

President Tinubu Appoints Former Speaker, Yakubu Dogara As Chairman Of NCGC

May 29, 2025
National Sports Festival’s Impact on Ogun Economy Massive – Abiodun
Economy

National Sports Festival’s Impact on Ogun Economy Massive – Abiodun

May 27, 2025
We Are Better Off Together, President Tinubu To Malian Leader
Economy

Poverty Alleviation: TMSG Hails FG’s Fast-tracked Cash Transfer To 15 million Vulnerable Households

May 19, 2025
Economy

Tinubu’s Nigeria First Policy, Unique, Revolutionary -TMSG

May 16, 2025
Next Post

9 Law Professors, 3 EFCC Lawyers, 50 Others Emerge Senior Advocates of Nigeria

We Released Housing Allowance To NWC Members Not Bribe - PDP

PDP Candidate, Ogunmola Flags Off Campaign In Ogori-Magongo

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Follow Us

Recommended

Wike Vows To Restore Abuja Master Plan, Demolish Illegal Structures

Wike Vows To Restore Abuja Master Plan, Demolish Illegal Structures

2 years ago
PDP Urges FG To Reverse Anti – people Policies To Stop Hardship Protests

PDP Urges FG To Reverse Anti – people Policies To Stop Hardship Protests

10 months ago

Ex- Super Eagles defender, David Adiele turns Security Guard in America

3 years ago
Emirship Tussle : Kano Government Bans Public Protest, Demonstration

Case Files On Corruption Allegation Against Ganduje Carted Away By Protesters –  Kano Govt

10 months ago

Instagram

    Please install/update and activate JNews Instagram plugin.

Categories

  • Agriculture/ Water/ Mineral
  • Aviation
  • Business
  • Crime
  • Culture
  • Economy
  • Education
  • Entertainment
  • Environment
  • Football
  • Foreign
  • Gender
  • Health
  • Judiciary
  • Labour
  • National
  • News
  • Oil & Gas
  • Opinion
  • Opinion
  • Politics
  • Power
  • Religion
  • Security
  • Sports
  • Transport
  • Uncategorized

Topics

Abiodun Abuja APC arrest Atiku Bandits Bello Benue Buhari CBN Court Dangote death drugs Economy EFCC Election elections FG Fraud gunmen Hajj INEC Kano kidnap Kill Kogi Kwara Lagos NDLEA Niger Nigeria Ododo Ogun Oyo PDP Police Power refinery rescue road Security Senate students Tinubu
No Result
View All Result

Highlights

Midterm Performance : Taraba State Rated Least In IGR, Good Governance

School Wall Collapses On Students Writing WAEC In Taraba

Army Armourer, 17 Other Soldiers, 15 Mobile Police Officers, Traditional Ruler Arrested For Selling Arms To Criminals

Islamic Cleric To Die By Hanging For Killing, Stealing N300,000 From Client In Osun

Emefiele Drags FG To Appeal Court Over Forfeiture Of 753 Units Of Houses In Abuja Estate

NDLEA Arrests Two Pilgrims Heading To Saudi Arabia With Cocaine

Trending

21 Die, 10 Missing In Niger Flood Disaster
Environment

21 Die, 10 Missing In Niger Flood Disaster

by Vital News
May 29, 2025
0

The Niger State Emergency Management Agency (NSEMA) has confirmed the death of 21 persons in massive floods...

Sidi Ould Tah Elected New President Of AfDB

Sidi Ould Tah Elected New President Of AfDB

May 29, 2025
President Tinubu Appoints Former Speaker, Yakubu Dogara As Chairman Of NCGC

President Tinubu Appoints Former Speaker, Yakubu Dogara As Chairman Of NCGC

May 29, 2025
Midterm Performance : Taraba State Rated Least In IGR, Good Governance

Midterm Performance : Taraba State Rated Least In IGR, Good Governance

May 29, 2025
School Wall Collapses On Students Writing WAEC In Taraba

School Wall Collapses On Students Writing WAEC In Taraba

May 29, 2025
ADVERTISEMENT
Vital News

Vital News is an online newspaper with a mission to uphold professional journalism by reporting and publishing only facts and figures-based news reports across Nigeria and beyond.

Recent News

  • 21 Die, 10 Missing In Niger Flood Disaster May 29, 2025
  • Sidi Ould Tah Elected New President Of AfDB May 29, 2025
  • President Tinubu Appoints Former Speaker, Yakubu Dogara As Chairman Of NCGC May 29, 2025

Categories

  • Agriculture/ Water/ Mineral
  • Aviation
  • Business
  • Crime
  • Culture
  • Economy
  • Education
  • Entertainment
  • Environment
  • Football
  • Foreign
  • Gender
  • Health
  • Judiciary
  • Labour
  • National
  • News
  • Oil & Gas
  • Opinion
  • Opinion
  • Politics
  • Power
  • Religion
  • Security
  • Sports
  • Transport
  • Uncategorized

© 2022 Vital News - . All Rights Reserved.

No Result
View All Result
  • Frontpage
  • Business
  • Economy
  • Politics
  • National
  • Opinion
  • Sports
  • More
    • Crime
    • Judiciary
    • Security

© 2022 Vital News - Vital News by Vital News.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In