Close Menu
    What's Hot

    Naira Settles at N1,421 Per U.S. Dollar as FX Pressures Ease

    January 23, 2026

    NMDPRA to Accelerate Gas Distribution for Industrialisation

    January 23, 2026

    Nigerian Stock Market Rebounds, Equity Investors Gain N74bn

    January 23, 2026
    Facebook X (Twitter) Instagram
    • Home
    • About us
    Facebook X (Twitter) Instagram
    MarketForces AfricaMarketForces Africa
    Subscribe
    Saturday, January 24
    • Home
    • News
    • Analysis
    • Economy
    • Mobile Banking
    • Entrepreneurship
    MarketForces AfricaMarketForces Africa
    Home - MarketForces News - COVID-19: 16 states receive ₦1.6bn World Bank grant
    News

    COVID-19: 16 states receive ₦1.6bn World Bank grant

    Marketforces AfricaBy Marketforces AfricaAugust 21, 2020Updated:October 11, 2025No Comments3 Mins Read
    Share Facebook Twitter Pinterest Copy Link LinkedIn Tumblr Email VKontakte Telegram
    COVID-19: 16 states receive ₦1.6bn World Bank grant
    Share
    Facebook Twitter Pinterest Email Copy Link

    COVID-19: 16 states receive ₦1.6bn World Bank grant

    The National Economic Council (NEC) says 16 states have so far received N100 million grant each from the World Bank to ease the impact of the COVID-19 lockdown.

    Gov. Abdullahi Sule of Nasarawa virtually briefed State House correspondents after the virtual NEC meeting presided over by Vice President Yemi Osinbajo on Thursday.

    The virtual NEC was anchored from the Presidential Villa, Abuja.

    The World Bank recently made a proposal of 1.5 billion dollars to states as part economic stimulus to cushion the impact of the COVID-19 pandemic.

    Sule said that the council received the Progressive Report of its Adhoc Committee interfacing with the Presidential Taskforce (PTF) on COVID-19 to ease the lockdown of the economy.

    He listed the states as Ekiti, Gombe, Niger, Sokoto, Taraba, Oyo, Abia, Enugu, Zamfara, Bauchi, Ebonyi, Kaduna, Kwara, Cross River, Imo and Delta.

    The governor said that the report stated the summary Review Status of States Incident Acton Plan (IAPs) as at Aug. 5.

    “All states had submitted IAPs; 35 states cleared by the World Bank; 22 signed Grant Agreement (GA) and 13 yet to return signed GA.

    “22 states that signed the GA are –Ekiti, Gombe, Zamfara, Sokoto, Niger, Taraba, Oyo, Abia, Enugu, Plateau, Delta, Bauchi, Ebonyi, Kaduna, Kwara, Cross-River, Imo, Yobe, Ondo, Osun, Nasarawa and Benue.

    Read Also: World Bank approves $114.28 million for Nigeria to Fight COVID-19

    “Of the 22 states, 16 states had received N100 million grants — Ekiti, GOmbe, Niger, Sokoto, Taraba, Oyo, Abia, Enugu, Zamfara, Bauchi, Ebonyi, Kaduna, Kwara, Cross-River, Imo and Delta.

    “Five states next on the list of payment are – Plateau, Yobe, Ondo, Benue and Osun; one state is yet to communicate account details- Nasarawa.”COVID-19: 16 states receive ₦1.6bn World Bank grant

    The governor said that the key highlights of the current four weeks guidelines of the extended second phase were also presented.

    On security, Sule said that NEC also received an update by its Adhoc Committee on Security and Policing.

    He said that NEC, in its meeting on June 20, deliberated extensively on the persistent security situation in the country especially the activities of Boko Haram insurgents in the North East, which had remained a delicate challenge.

    “Based on this, council set up an Ad-Hoc Committee on security and policing headed by the Governor of Ekiti state.

    “Activities of the Ad-Hoc Committee–the committee met on Thursday Aug. 4  to review the escalating security challenges in the country

    “It had a virtual meeting where briefings and presentations were received from the NSA, IGP, Chief of Defense Staff and the Department of State Services (DSS).

    “The meeting held to review the escalating challenges in the country observed that insecurity cannot be fully eradicated without addressing the high poverty rate and unemployment level in the country;

    “The Office of the NSA has not been adequately funded in the last five years to enable it carry out its mandate effectively.

    “State governments have been overwhelmed by insecurity expenditures and there is therefore the need by the Federal Government to inject more funds to augment expenses by the states, amongst others,” he said.

    He said that the meeting made several observations and came up with recommendations that would help government tackle the issue of insecurity in the country.

    Sule said the committee’s work was still ongoing as it would be meeting further with stakeholders

    COVID-19: 16 states receive ₦1.6bn World Bank grant

    74 / 100 SEO Score
    COVID-19
    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email Telegram Copy Link
    Marketforces Africa
    • Website
    • Facebook
    • X (Twitter)
    • Instagram
    • LinkedIn

    MarketForces Africa, a Financial News Media Platform for Strategic Opinions about Economic Policies, Strategy & Corporate Analysis from today's Leading Professionals, Equity Analysts, Research Experts, Industrialists and, Entrepreneurs on the Risk and Opportunities Surrounding Industry Shaping Businesses and Ideas.

    Related Posts

    News

    Naira Settles at N1,421 Per U.S. Dollar as FX Pressures Ease

    January 23, 2026
    News

    NMDPRA to Accelerate Gas Distribution for Industrialisation

    January 23, 2026
    News

    Nigerian Stock Market Rebounds, Equity Investors Gain N74bn

    January 23, 2026
    News

    CBN Promotes Inclusive Cash, Digital Payments System

    January 23, 2026
    Cryptocurrency

    Bitcoin, Ethereum Drag Crypto Market Cap to U.S$3.0 Trillion

    January 23, 2026
    Markets

    Gold Hits $5k as Geopolitical Risks Fuel Safe-Haven Hunting

    January 23, 2026
    Add A Comment

    Comments are closed.

    Editors Picks

    Naira Settles at N1,421 Per U.S. Dollar as FX Pressures Ease

    January 23, 2026

    NMDPRA to Accelerate Gas Distribution for Industrialisation

    January 23, 2026

    Nigerian Stock Market Rebounds, Equity Investors Gain N74bn

    January 23, 2026

    CBN Promotes Inclusive Cash, Digital Payments System

    January 23, 2026
    Latest Posts

    Naira Settles at N1,421 Per U.S. Dollar as FX Pressures Ease

    January 23, 2026

    NMDPRA to Accelerate Gas Distribution for Industrialisation

    January 23, 2026

    Nigerian Stock Market Rebounds, Equity Investors Gain N74bn

    January 23, 2026

    CBN Promotes Inclusive Cash, Digital Payments System

    January 23, 2026

    Bitcoin, Ethereum Drag Crypto Market Cap to U.S$3.0 Trillion

    January 23, 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

    Naira Settles at N1,421 Per U.S. Dollar as FX Pressures Ease

    January 23, 2026

    NMDPRA to Accelerate Gas Distribution for Industrialisation

    January 23, 2026

    Nigerian Stock Market Rebounds, Equity Investors Gain N74bn

    January 23, 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.