The Federal Government says more than N900 million have been disbursed in Borno to mitigate COVID-19 impact under the country’s Action Recovery and Economic Stimulus NG-CARES programme.
The Minister of State for Finance, Budget and National Planning, Clem Agba, disclosed this during the Ministerial Town Hall Meeting for stakeholders in Borno and Yobe States.
Agba explained that it is an initiative of the State Governments with support of the Federal Government within the framework of the Economic Sustainability Plan (ESP).
He said that each state was eligible to draw-down 20 million USD, ex-ante and FCT 15 million USD within the two-year span of this emergency intervention.
According to him, the programme has so far impacted on 2 million direct beneficiaries in the 36 states and the FCT.
“This is based on the report of the first round of assessment of the programme implementation conducted by an Independent Verification Agent.
“The Federal Government once again wishes to restate its commitment to restoring the livelihoods of poor and vulnerable Nigerians, maintain food security and facilitate the recovery of MSEs.
Agba lauded the visionary leadership of Buhari for providing the guiding vision and directing mandate to lift 100 million Nigerians out of poverty within the period of 10 years.