The Federal Government has disbursed over N438 billion to 34 states and the Federal Capital Territory under the Nigeria Community Action for Resilience and Economic Stimulus (NG-CARES) programme, aimed at mitigating the impact of socioeconomic shocks and improving the livelihoods of poor and vulnerable Nigerians.
The funds were disbursed based on the results achieved by the states and FCT during the third Independent Verification Agency assessment carried out in January 2024.
Dr. Abdulkarim Obaje, National Coordinator of NG-CARES Programme, stated that the funds would support state governments and the FCT in addressing multidimensional poverty and improving the livelihoods and resilience of the poor and vulnerable population.
He noted that the resources were targeted at social intervention programmes in the states and FCT.
Obaje expressed hope that all 36 states and the FCT would participate in the fourth Independent Verification Agency exercise scheduled for September 2024.
He thanked the Federal Government, particularly the Minister of Budget and Economic Planning, Senator Abubakar Bagudu, for the initiative and leadership provided to the programme.
READ ALSO: Abacha’s Family Loses N500m Suit Against FG Over Revoked Property
The NG-CARES programme, which started in 2021 and will close by December 2024, aims to mitigate the negative impact of socioeconomic shocks and address multidimensional poverty through grants and basic social infrastructure services in poor communities.
The funds are channelled towards various projects, including social safety nets, food security, and small business support.
Leave a comment