Economy

FG Disburses Over N438b To 34 States, FCT For Tackling Poverty

Published

on

FG Disburses Over N438b To 34 States, FCT For Tackling Poverty—-The Federal Government, FG, has released more than N438 billion to 34 states and the Federal Capital Territory (FCT) under the Nigeria Community Action for Resilience and Economic Stimulus (NG-CARES) Programme.

This information was conveyed by Suleiman Odapu, the Information and Communication Officer of the Federal CARES Support Unit (FCSU), in a statement issued on Tuesday in Abuja.

According to the National Coordinator of the NG-CARES Programme, Abdulkarim Obaje, the disbursed funds were allocated based on results achieved by the states and the FCT during the third Independent Verification Agency (IVA) assessment conducted in January 2024.

Obaje highlighted that Zamfara, Nasarawa, and Plateau states were the top earners, receiving N49.2 billion, N27.2 billion, and N26.3 billion, respectively. However, Kaduna and Anambra States did not present results for verification during the assessment.

He thanked the Federal Government, particularly the Minister of Budget and Economic Planning, Abubakar Bagudu, for his leadership and support, which facilitated significant investments in NG-CARES by state governors and the FCT Minister.

Obaje also commended the FCT Minister, Nyesom Wike, governors, and NG-CARES staff nationwide for their efforts and successes under the program.

The NG-CARES programme, initiated in 2021, aims to mitigate the negative impacts of the COVID-19 pandemic and other socioeconomic shocks by providing grants and basic social infrastructure services in impoverished communities. The program is set to conclude in December 2024.

Click to comment

Trending

Exit mobile version