Close Menu
    What's Hot

    CBN Raises N2.7trn from OMO Bills, Rates Still Look Good

    January 6, 2026

    Naira Rallies Ease Corporate Foreign Payments Burden

    January 6, 2026

    Fidelity Bank’s N259bn Capital Raise Signals Tier-1 Ambition and Valuation Re-rating

    January 6, 2026
    Facebook X (Twitter) Instagram
    • Home
    • About us
    Facebook X (Twitter) Instagram
    MarketForces AfricaMarketForces Africa
    Subscribe
    Wednesday, January 7
    • Home
    • News
    • Analysis
    • Economy
    • Mobile Banking
    • Entrepreneurship
    MarketForces AfricaMarketForces Africa
    Home - MarketForces News - NG-CARES Disburses N625bn to 36 States in 3 Years
    News

    NG-CARES Disburses N625bn to 36 States in 3 Years

    Julius AlagbeBy Julius AlagbeSeptember 12, 2024No Comments3 Mins Read
    Share Facebook Twitter Pinterest Copy Link LinkedIn Tumblr Email VKontakte Telegram
    NG-CARES Disburses N625bn to 36 States in 3 Years
    Share
    Facebook Twitter Pinterest Email Copy Link

    NG-CARES Disburses N625bn to 36 States in 3 Years

    The Nigeria COVID-19 Action, Recovery and Economic Stimulus (NG-CARES), says it has disbursed N625 billion to the 36 states since inception of the programme.

    The National Coordinator, NG-CARES, Dr Abdulkarim Obaje, stated this during the peer learning and experience sharing exercise, on Thursday in Bauchi.

    NG-CARES is being implemented by the Federal Government in collaboration with the World Bank and the 36 state governments, to mitigate the negative social and economic impacts occasioned by the COVID-19 pandemic.

    It also aimed at addressing other shocks through the provision of grants and basic social infrastructure services to poor and vulnerable communities.

    Obaje described NG-CARES as one of the most successful World Bank’s intervention assisting  more than 5.3 million poor and vulnerable Nigerians.

    He said the programme had been restructured to accommodate victims of flood and other related shocks.

    Mrs Elizabeth Egharebwa, Chairman, Federal CARES Technical Committee, said the programme had been working with communities and agencies to alleviate burdens of the poor and vulnerable Nigerians in the last three years.

    She was represented by Adamu Gizos, Director Special Duties and Projects, Federal Ministry of Labour.

    Egharebwa, who is also the Director, Economic Growth, Federal Ministry of Budget and Economic Planning, said that: ”while we are proud of what we have accomplished thus far, we know there is still much work to be done.

    ”That is why this peer learning event is so critical. By convening diverse perspectives and experiences, we can collectively identify solutions to the complex challenges we face”.

    Also speaking, Mr AbdulAzeez Olorunshola, represtative of the Nigeria Governors’ Forum (NGF), said the exercise was designed to encourage sustainable collaboration between the states.

    This, he said, would ensure better understanding for effective peer learning methods among the  states

    Gov. Bala Mohammed, lauded the NG-CARES over its food security, small businesses and social intervention programmes.

    Represented by Prof. Simon Yalams, the Commissioner for Agriculture and Food Security, Mohammed said the intervention encouraged application of Information Communications Technology (ICT) in the provision of infrastructure and basic services to the people.

    He urged the people to protect and ensure effective utilisation of the facilities provided in their communities for sustainable social and economic development in the country.

    “The peer learning and experience sharing exercise is coming at a time when the phase one cycle of the programme is about to terminate.

    ”This will therefore provide an avenue for participants to articulate and consolidate all the strategies, techniques and skills applied and used in the implementation of the programme in the country.

    ”The lessons learnt would serve as a guide in the conception of development of future programmes, especially the 2.0 whose concept and framework has almost been developed,” he said. #NG-CARES Disburses N625bn to 36 States in 3 Years

    Tinubu Meets King Charles III at Buckingham Palace

    COVID-19
    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email Telegram Copy Link
    Julius Alagbe
    • Website

    Related Posts

    MarketNews

    CBN Raises N2.7trn from OMO Bills, Rates Still Look Good

    January 6, 2026
    News

    Naira Rallies Ease Corporate Foreign Payments Burden

    January 6, 2026
    Banking

    Fidelity Bank’s N259bn Capital Raise Signals Tier-1 Ambition and Valuation Re-rating

    January 6, 2026
    News

    NAHCO Secures Fresh, Renewed Ground Handling Contracts

    January 6, 2026
    Economy

    Nigeria’s Economy Stabilising, Needs Sustained Reforms —Kale

    January 6, 2026
    Fintech

    Mukuru, Travelex to Expand Cash Payout Options in South Africa

    January 6, 2026
    Add A Comment

    Comments are closed.

    Editors Picks

    CBN Raises N2.7trn from OMO Bills, Rates Still Look Good

    January 6, 2026

    Naira Rallies Ease Corporate Foreign Payments Burden

    January 6, 2026

    Fidelity Bank’s N259bn Capital Raise Signals Tier-1 Ambition and Valuation Re-rating

    January 6, 2026

    NAHCO Secures Fresh, Renewed Ground Handling Contracts

    January 6, 2026
    Latest Posts

    CBN Raises N2.7trn from OMO Bills, Rates Still Look Good

    January 6, 2026

    Naira Rallies Ease Corporate Foreign Payments Burden

    January 6, 2026

    Fidelity Bank’s N259bn Capital Raise Signals Tier-1 Ambition and Valuation Re-rating

    January 6, 2026

    NAHCO Secures Fresh, Renewed Ground Handling Contracts

    January 6, 2026

    Nigeria’s Economy Stabilising, Needs Sustained Reforms —Kale

    January 6, 2026

    Subscribe to News

    Get the latest sports news from NewsSite about world, sports and politics.

    About US
    About US

    MarketForces Africa is a financial information service provider with interest in media, training and research. The media platform provides information about markets, economies, and crypto, forex markets and investment ecosystem.

    Contact Us:
    Suite 4, Felicity Plaza, Freedom Estate Drive, Lagos-Ibadan Express Road, Magboro
    T: . 08076677707, 08052076440

    Facebook X (Twitter) Instagram Pinterest YouTube
    Latest Posts

    CBN Raises N2.7trn from OMO Bills, Rates Still Look Good

    January 6, 2026

    Naira Rallies Ease Corporate Foreign Payments Burden

    January 6, 2026

    Fidelity Bank’s N259bn Capital Raise Signals Tier-1 Ambition and Valuation Re-rating

    January 6, 2026

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    © 2026 Marketforces Africa
    • About
    • Contact us
    • Subscription Plans
    • My account

    Type above and press Enter to search. Press Esc to cancel.