The federal government has contributed $1.1 million (about N419m) to the North East stabilisation facility, said the Minister of Finance, Budget, and National Planning, Mrs Zainab Ahmed.
She said it is in keeping with the government’s longstanding commitment to ensuring stability and sustainable resilience in the North East.
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She stated this during the Project Board Meeting for Regional Stabilisation Facility-Nigeria (RSF) Window Virtual, a statement from the minister’s spokesman, Yunusa Tanko Abdullahi, said.
She said: “As demonstrated in a recently completed United Nations Development Programme (UNDP) Report, the conflict in the North East has altered the development trajectory of the region, and we all need to deepen and scale efforts in the region if we are to ensure stability and resilience.”
The minister also said the COVID-19 pandemic has also affected the Nigerian economy as well as security in the region and even the country. This resulted in a recession from which Nigeria exited in the fourth quarter of 2020.
“We are implementing an economic sustainability plan with a comprehensive fiscal stimulus package, and are scaling up our social safety net programmes, including conditional cash transfer programmes.”
She recognised the leadership of the governors of Borno, Adamawa, and Yobe States, as they develop infrastructure and reintegrate internally displaced persons (IDPs)., as well as the military and security forces in the stabilisation efforts.
The minister commended the RSF team for the progress recorded since the launch of the facility in October 2019, in the area of reducing vulnerability, reinforcing access to justice and human rights, among others.
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