$750m NG-CARES programme doing well – World Bank

The World Bank says Nigeria’s COVID-19 Action Recovery and Economic Stimulus (NG-CARES) programme is doing well in addressing poverty in the country. Prof. Foluso Okunmadewa, World Bank Task Team Leader for NG-CARES, stated this in an interview with newsmen on the sidelines of the Mid-Term Review Mission meeting held on Wednesday in Abuja.

Okunmadewa said that the bank had so far disbursed over 300 million dollars, assuring that all the remaining resources would be released within the next eight months. ” We are quite happy about what has happened to the programme. It is still very active in all 36 states of the Federation and the Federal Capital Territory (FCT).

” And they are all very eager to get even into the next phase of the programme because caring for the poor and vulnerable in Nigeria is still the thing that the government is concerned about ” Each state of the federation has been encouraged to put together a set of interventions into one programme that totally cares for the poor and vulnerable.”

The Don recalled that the programme became preeminent immediately after the COVID-19 crisis, where both the livelihood and the lives of people were threatened.

” And so government was responsive enough at the federal and state levels to put this programme together and the World Bank gladly agreed to support it. ” Now two and half years after it was being put in place we have felt is good to take a look at how fair the programme is going.

” And particularly how well is the World Bank assistance, whether it is relevant or not and whether it is achieving the desired results. ” Of course, I would like to say that it is doing well now but after a tough start. It had a challenging start, had a slow start but now it has picked up and it is even almost exceeding the expectations.  ” To the extent that there is clearly a desire to continue the programme at the government level and also the world bank to also support the next face of it.”

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