• About
  • Advertise
  • Contact
Thursday, November 5, 2026
  • 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

Fresh Investor Rush To Ogun Over Deep Sea Port, OgunLNG – Gov. Abiodun

Nigeria Must Move Beyond 4% Growth To Tackle Poverty – Sanusi, Peterside, Adesina, Tijani, Other

Ododo Unveils Ajaokuta Free Trade Zone, Airport Plans In Move To Position Kogi As Major Centre For International Trade

Abiodun Disburses Over ₦1bn To Community, Trade Associations, Pledges Two Million Votes For Tinubu

” 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

Fresh Investor Rush To Ogun Over Deep Sea Port, OgunLNG – Gov. Abiodun
Business

Fresh Investor Rush To Ogun Over Deep Sea Port, OgunLNG – Gov. Abiodun

November 3, 2026
Nigeria Must Move Beyond 4% Growth To Tackle Poverty – Sanusi, Peterside, Adesina, Tijani, Other
Business

Nigeria Must Move Beyond 4% Growth To Tackle Poverty – Sanusi, Peterside, Adesina, Tijani, Other

November 3, 2026
Ododo Unveils Ajaokuta Free Trade Zone, Airport Plans In Move To Position Kogi As Major Centre For International Trade
Business

Ododo Unveils Ajaokuta Free Trade Zone, Airport Plans In Move To Position Kogi As Major Centre For International Trade

November 2, 2026
Abiodun’s Leadership Style Attracting Investment, Transforming Ogun – Akinmade
Business

Abiodun Disburses Over ₦1bn To Community, Trade Associations, Pledges Two Million Votes For Tinubu

October 31, 2026
Enterprise, Innovation Key To Nigeria’s $1trln Economy – VP Shettima
Business

Enterprise, Innovation Key To Nigeria’s $1trln Economy – VP Shettima

October 28, 2026
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

Airport Nightmare :  NFF Pulls Out Super Eagles From AFCON Qualifier Against Libya

After 16-hour Airport Ordeal : Super Eagles Arrive Nigeria From Libya

2 years ago
NASS, Not Atiku, Can Legislate Tax Laws For Nigerians -TMSG

Ramadan, Lent : President Tinubu Greets Muslims, Christians

9 months ago
Ibadan Explosion : Koshoedo Sympathises With Oyo Govt., Victims

Makinde Promises Not To Delay Payment Of New Minimum Wage To Oyo Workers

3 years ago
Fr. Michael Banjo Assumes Office As Secretary General Of Catholic Secretariat Of Nigeria

Fr. Michael Banjo Assumes Office As Secretary General Of Catholic Secretariat Of Nigeria

2 years 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
  • Housing
  • ICT
  • Judiciary
  • Labour
  • Maritime/ Marine Transport
  • National
  • News
  • Oil & Gas
  • Opinion
  • Opinion
  • Politics
  • Power
  • Religion
  • Security
  • Sports
  • Tourism
  • Transport
  • Uncategorized

Topics

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

Highlights

Governor Ododo Condoles Kogi NUJ Over Death Of Journalist Idris Ahmed

Offa Robbery : Appeal Court Rejects Request For Stay Of Proceeding Appeals In Matter Involving Saraki

ECOWAS Project Delivers Electricity To 500,000 People In The Gambia, Guinea-Bissau, Mali

UN Women Raises Alarm As Women Make Up Just 9.7% 2027 Election Candidates

Ijebu-Ode Methane Emissions : Ogun, FG Intensify Investigation, Assure Residents Of Lasting Solution

2027 : I Remain APC Senatorial Candidate For Kogi West — Karimi

Trending

Court Slams N1million Fine On ADC, Aregbesola For Seeking Judge’s Withdrawal From Suit
Judiciary

Turmoil In ADC As Court Sacks David Mark-led Exco, Invalidates All Nominations For 2027 Elections

by Vital News
November 5, 2026
0

A Federal High Court in Abuja has sacked the Senator David Mark-led executives of the African Democratic...

Drug War : Marwa Takes Advocacy To Edo, Governor Okpebholo, Oba Of Benin Declare Support For NDLEA

Marwa Takes Advocacy To Edo, Governor Okoebolo, Oba Of Benin Declare Support For NDLEA, Fight Against Drug Abuse

November 5, 2026
Drug War : Marwa Takes Advocacy To Edo, Governor Okpebholo, Oba Of Benin Declare Support For NDLEA

Drug War : Marwa Takes Advocacy To Edo, Governor Okpebholo, Oba Of Benin Declare Support For NDLEA

November 4, 2026
Governor Ododo Condoles Kogi NUJ Over Death Of Journalist Idris Ahmed

Governor Ododo Condoles Kogi NUJ Over Death Of Journalist Idris Ahmed

November 4, 2026
Offa Robbery : Appeal Court Rejects Request For Stay Of Proceeding Appeals In Matter Involving Saraki

Offa Robbery : Appeal Court Rejects Request For Stay Of Proceeding Appeals In Matter Involving Saraki

November 4, 2026
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

  • Turmoil In ADC As Court Sacks David Mark-led Exco, Invalidates All Nominations For 2027 Elections November 5, 2026
  • Marwa Takes Advocacy To Edo, Governor Okoebolo, Oba Of Benin Declare Support For NDLEA, Fight Against Drug Abuse November 5, 2026
  • Drug War : Marwa Takes Advocacy To Edo, Governor Okpebholo, Oba Of Benin Declare Support For NDLEA November 4, 2026

Categories

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