• About
  • Advertise
  • Contact
Saturday, August 2, 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

Dangote Says Tinubu’s Economic Policies Working, Reviving Private Sector

FAAC Shares N1.818trillion June Revenue Among FG, States, LGs

Dangote Urges Wealthy Nigerians To Invest More In Nigeria To Aid Growth, Development

Africans In Position To Develop Africa, Dangote Tells Global CEOs

” 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

Dangote Says Tinubu’s Economic Policies Working, Reviving Private Sector
Business

Dangote Says Tinubu’s Economic Policies Working, Reviving Private Sector

July 27, 2025
FAAC Disburses N1.678trn February Revenue To FG, States, LGs
Economy

FAAC Shares N1.818trillion June Revenue Among FG, States, LGs

July 19, 2025
Dangote Urges Wealthy Nigerians To Invest More In Nigeria To Aid Growth, Development
Economy

Dangote Urges Wealthy Nigerians To Invest More In Nigeria To Aid Growth, Development

July 16, 2025
Africans In Position To Develop Africa, Dangote Tells Global CEOs
Business

Africans In Position To Develop Africa, Dangote Tells Global CEOs

July 14, 2025
Coordinator, Zero Hunger Nigeria, Arosanyin, Urges States, LGs To Invest More In Agriculture To Prevent Food Shortages
Agriculture/ Water/ Mineral

Coordinator, Zero Hunger Nigeria, Arosanyin, Urges States, LGs To Invest More In Agriculture To Prevent Food Shortages

July 14, 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

El- Rufai imposes 24-hour curfew on Jema’a, Kaura LGs as bandits kill 15, abduct scores

3 years ago
TDF Faults Obasanjo’s Appraisal Of Tinubu’s Economic Policies

TDF Faults Obasanjo’s Appraisal Of Tinubu’s Economic Policies

1 year ago

216 VCDP Rice Farmers In Shock As Floods Ravaged Over 600 Hectares Of Farmlands In Kogi

3 years ago
Governor Ododo Urges Muslims To Imbibe Patience, Sacrifice Compassion As Ramadan Begins

Kogi Heads To Supreme Court Over N1.07 billion Award to Former State Deputy Governor, Simon Achuba

2 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 cement Court Dangote death dies drugs Economy EFCC Election elections FG gunmen Hajj INEC Kano kidnap Kill Kogi Kwara Lagos NDLEA Niger Nigeria Ododo Ogun Oyo PDP Police Power refinery rescue road Security students Tinubu
No Result
View All Result

Highlights

Hafsoh Killer, Abdulrhaman Bello To Die By Hanging, Court Discharges, Acquits 4 Others

FG Seeks Partnership With Dangote Cement To Bridge Housing Gap

Canada Announces Plan To Recognise Palestinian State By September

Governor Alia Dissolves Benue Executive Council, Appoints New Chief of Staff

Dangote Cement Set To Commission 3Mta Grinding Plant In Côte d’Ivoire

Abdulrahim Thanks Governor Ododo Over Appointment as Governing Council Chairman Of Kogi College Of Nursing

Trending

NUC Team Pays Revalidation Visit To FUOYE, Lauds Visible Transformation Of Distance Learning Institute
Education

NUC Team Pays Revalidation Visit To FUOYE, Lauds Visible Transformation Of Distance Learning Institute

by Vital News
August 1, 2025
0

A delegation from the National Universities Commission (NUC) has paid a revalidation visit to the Distance Learning...

Work Ongoing To Re-Erect Three Towers Along Kainji-Birnin Kebbi Transmission Line – TCN

FG Awards Contracts Worth N68.7bln For Power Projects In Universities, Teaching Hospitals

July 31, 2025
Ododo Applauds President  Tinubu, Minister Of Works Over Ongoing Reconstruction, Expansion Of Abuja–Lokoja Highway

Ododo Applauds President Tinubu, Minister Of Works Over Ongoing Reconstruction, Expansion Of Abuja–Lokoja Highway

July 31, 2025
Hafsoh Killer, Abdulrhaman Bello To Die By Hanging, Court Discharges, Acquits 4 Others

Hafsoh Killer, Abdulrhaman Bello To Die By Hanging, Court Discharges, Acquits 4 Others

July 31, 2025
FG Seeks Partnership With Dangote Cement To Bridge Housing Gap

FG Seeks Partnership With Dangote Cement To Bridge Housing Gap

July 31, 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

  • NUC Team Pays Revalidation Visit To FUOYE, Lauds Visible Transformation Of Distance Learning Institute August 1, 2025
  • FG Awards Contracts Worth N68.7bln For Power Projects In Universities, Teaching Hospitals July 31, 2025
  • Ododo Applauds President Tinubu, Minister Of Works Over Ongoing Reconstruction, Expansion Of Abuja–Lokoja Highway July 31, 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