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

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

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