Nigeria set to implement $750m World Bank COVID-19 intervention | Dailytrust

Nigeria set to implement $750m World Bank COVID-19 intervention

A view of the World Bank building in Washington, DC.
A view of the World Bank building in Washington, DC.

The Federal Government says the 36 states and Federal Capital Territory are ready to start implementation of the World Bank-assisted $750m Nigeria COVID-19 Action Recovery and Economic Stimulus (NG-CARES) Programme.

Chairman, Federal CARES Technical Committee, Aso Vakporaye, in a statement on Tuesday, said the World Bank was satisfied with the readiness of the states and the FCT to commence the programme.

He said the World Bank’s Country Director in Nigeria, Shubham Chaudhuri, had, in a letter to the Minister of Finance, Budget and National Planning, Zainab Ahmed, said the Federal Government had met all the conditions of eligibility of the credit.

The Federal Government had sought the assistance of the World Bank in funding its people-centred Post COVID-19 Economic Sustainability Plan.

Dear Reader,
Every day, we work hard to provide readers such as you with the most accurate, up-to-date, and comprehensive information. Quality journalism costs money. Today, we're asking that you support us to do more. Your support means that Daily Trust can keep offering journalism to everyone in the world. Donate or sign up for as little as N1,000 to become a member. Learn more about our membership here

Bank transfers can be made to:
UBA Plc
1007117397
Media Trust Ltd


Inquiries:
Email: membership@dailytrust.com
Whatsapp: +234 806 990 3410