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All You Need To Know About Recently World Bank supported COVID-19 Action Recovery and Economic Stimulus also known as NG-CARES(Link Address are Attached)

All You Need To Know About Recently World Bank supported COVID-19 Action Recovery and Economic Stimulus also known as NG-CARES(Link Address are Attached)

All You Need To Know About Recently World Bank supported COVID-19 Action Recovery and Economic Stimulus also known as NG-CARES(Link Address are Attached)


As part of the Buhari Administration’s plan to take 100 million Nigerians out of poverty in ten years, the World Bank supported COVID-19 Action Recovery and Economic Stimulus also known as NG-CARES, will also leverage on existing job creation, wealth creation and poverty reduction programmes at the community level.

These include programmes such as State Cash Transfer Units, Agriculture Development Agencies, Job Creation Unit/MSE Support Units supported by the Government Enterprise and Empowerment Programme (GEEP) of the Administration.

Vice President Yemi Osinbajo, SAN, disclosed this on Thursday in Abuja at the National Launch of the NG-CARES programme implementation with the World Bank’s $750 million loan.

NG-CARES- is a multi-sectoral programme, which in addition to the ongoing implementation of the Economic Sustainability Plan (ESP), is a furtherance of the Federal Government’s response to the socio-economic fallouts of the COVID-19 pandemic.

Noting that the programme will build on diverse and extensive interventions by the Federal Government, Prof. Osinbajo stated that the “NG-CARES programme is designed to support vulnerable and poor Nigerians, provide immediate emergency relief to smallholder farmers and SMEs that were adversely affected by the COVID-19 pandemic.”

Visit: https://ngcares.gov.ng/

The Vice President further disclosed that the World Bank loan “will be over a period of 2 years (2021-2023), and the intervention allocation to each State is $20million ex-ante and $15million to FCT, and $15million for the NG CARES Support Unit. The programme is to be driven by States using the Programme for Results-PforR-delivery mechanism.”

Visit: https://ngcares.gov.ng/

The VP further stated that the programme will further complement the Federal Government’s plan to scale up the number of beneficiaries of its social schemes, subsidy and grants to support individuals, households and MSMEs in the multi-year Development Plan for 2021 – 2024.

He mentioned that the Plan “was developed within the context of our response to the COVID-19 crisis and the Economic Sustainability Plan serving as the bridge.”

Explaining further, Prof. Osinbajo said “in order to ensure successful programme implementation, the Federal Government will provide quality assurance, monitoring, capacity building and technical assistance to States and FCT on project activities and results.

Visit: https://ngcares.gov.ng/

“Consequently, the Federal Government has inaugurated the Federal CARES Steering Committee (FCSC), the Federal CARES Technical Committee (FCTC) and the Federal CARES Support Unit (FCSU) to provide overall policy direction, technical support to all the States and FCT and advise Mr. President appropriately.”

The Vice President added that he looked forward to the “prompt and effective implementation of the programme, both at the Federal and States levels,” even as he urged implementing agencies to “fully deploy their wealth of experience and expertise to ensure the successful take-off and implementation of the NG-CARES programme.”

The National Launch of the NG-CARES was held ahead of the first National Economic Council meeting and was attended by State Governors, members of the Federal Executive Council, Secretary to the Government of the Federation, Mr. Boss Mustapha; Central Bank Governor, Mr. Godwin Emefiele, and development partners including the World Bank Country Director Mr. Shubham Chaudhuri who made a presentation on State Eligibility for the Programme.

Visit: https://ngcares.gov.ng/

Laolu Akande,

Senior Special Assistant to the President on Media & Publicity,

Office of the Vice President.

20th January, 2022

BACKGROUND

COVID-19 pandemic is a global health emergency with far-reaching consequences on the economy, basic services, social unrest and livelihood of the poor and vulnerable. 

In Nigeria, the pandemic led to the closure of many MSEs, loss of jobs, stalled provision of basic services in poor communities and thereby increasing the population of Nigerians living below the poverty line.

As a response to the hardship perpetrated by the COVID-19 pandemic and in line with the vision of the Federal Government of Nigeria to lift 100 million Nigerians out of poverty in ten years, the Federal Government of Nigeria, on behalf of the 36 states and the FCT, sought and obtained assistance from the World Bank to the tune of USD 750 Million for on-lending to the States and FCT to implement a two-year emergency response programme, named the Nigeria COVID-19 Action Recovery and Economic Stimulus (NG-CARES).  Each State is allocated ex-ante USD 20 million, FCT $15 Million and the Federal CARES Support Unit is allocated USD 15 million.

The NG-CARES programme seeks to mitigate the impact of the COVID-19 crisis on the livelihoods of poor individuals, farmers, vulnerable households, communities and owners of micro and small enterprises. The financial instrument is Programme for Result (PforR) at the states and FCT while the Federal level is financed through the Investment Project Financing (IPF).

NG-CARES leverages on past, successfully implemented government interventions such as Community and Social Development Project (CSDP), Government Enterprise and Empowerment Programme (GEEP), National Cash Transfer Programme (NCTP), National FADAMA Programme, State Employment and Expenditure for Results (SEEFOR) and Youth Employment and Social Support Operations (YESSO) without creating another project implementation structure.   

It is designed to support a budgeted programme of expenditures and interventions at the State level – targeting existing and emerging vulnerable and poor households, agricultural value chains, and Micro and Small Enterprises (MSEs) affected by the economic crisis.

Some Comments Regarding NG Cares

Yusuf

Thank you so much VP Osibanjo.

Is the program will help much especially the poor people that are always in the pool to see themselves voting.


25/01/2022 Reply


Alhaji Aliyu Alhaji

It is a very good and important project to eradicate poverty in the country. Especially the challenge house holds. We are interested.


25/01/2022 Reply


admin

Please contact your state NG CARES office where you are currently based, or keep checking our website. it is domiciled only in the states, the Federal is only coordinating. thank you


29/01/2022 Reply


admin

Please contact your state NG CARES office where you are currently based, or keep checking our website. it is domiciled only in the states, the Federal is only coordinating. Also, we will soon publish the address of the State Offices, thank you


03/02/2022 Reply


Sarah Inikpi Andrew

How do I apply?


26/01/2022 Reply


admin

Please contact your state NG CARES office where you are currently based, or keep checking our website. it is domiciled only in the states, the Federal is only coordinating. thank you


29/01/2022 Reply


admin

Please contact your state NG CARES office where you are currently based, or keep checking our website. it is domiciled only in the states, the Federal is only coordinating. Also, we will soon publish the address of the State Offices, thank you


03/02/2022 Reply


Naziru Yusuf Musa

Good morning sir I want to ask you about something Sir what’s the time for apply in this program


29/01/2022 Reply


admin

Please contact your state NG CARES office where you are currently based, or keep checking our website. it is domiciled only in the states, the Federal is only coordinating. thank you


29/01/2022 Reply


admin

We will soon publish the address of the State Offices, thank you


03/02/2022 Reply


Chuhs callistus Ndehigwo

World Bank support is a nice one we can do more God bless us all


29/01/2022 Reply


Mubarak Usman

Hello sir, can some body apply online or must he contact his state in charges of the affairs, thank you


29/01/2022 Reply


admin

Please contact your state NG CARES office where you are currently based, or keep checking our website. it is domiciled only in the states, the Federal is only coordinating. Also, we will soon publish the address of the State Offices, thank you


03/02/2022 Reply


Ofem Akedo

How will I know my state coordinator


29/01/2022 Reply


admin

Please contact your state NG CARES office where you are currently based, or keep checking our website. it is domiciled only in the states, the Federal is only coordinating. Also, we will soon publish the address of the State Offices, thank you


03/02/2022 Reply


Abubakar Umar Lamido

May it reach to people who are in need of it, God bless the professor Buhari and Nigeria


31/01/2022 Reply


admin

thank you for your patriotic mindset.


03/02/2022 Reply


Amne sani

I need money to start business


31/01/2022 Reply


admin

Please contact your state NG CARES office where you are currently based, or keep checking our website. it is domiciled only in the states, the Federal is only coordinating. Also, we will soon publish the address of the State Offices, thank you


03/02/2022 Reply


Nathaniel

How do we contact the State NG cares office? Am in Delta State


31/01/2022 Reply


admin

Please contact your state NG CARES office where you are currently based, or keep checking our website. it is domiciled only in the states, the Federal is only coordinating. Also, we will soon publish the address of the State Offices, thank you


03/02/2022 Reply


Abdullahi Buba

Do you have address for Yobe State


31/01/2022 Reply


admin

Please contact your state NG CARES office where you are currently based, or keep checking our website. it is domiciled only in the states, the Federal is only coordinating. Also, we will soon publish the address of the State Offices, thank you


03/02/2022 Reply


Abubakar Aliyu Chiroma

Support


01/02/2022 Reply


Peter

We thank God for that government

An the world 🌎 banki


01/02/2022 Reply


Salisu Adamu

Tant my dear country


02/02/2022 Reply


BOLAJI OLADUNNI

GOOD MORNING, HOW CAN WE APPLY AND BENEFIT FROM THIS PROGRAM , WHAT IS THE PROCESS, AND THE LINK TO APPLY , KINDLY MAKE ALL THIS AVAILABLE.


02/02/2022 Reply


admin

Please contact your state NG CARES office where you are currently based, or keep checking our website. it is domiciled only in the states, the Federal is only coordinating. Also, we will soon publish the address of the State Offices, thank you


03/02/2022 Reply


Isah Bawa

Pls I want appply I need kano state Ng cares co ordinator contact


12/02/2022 Reply


admin

We will soon publish the addresses of the States Offices. thank you


22/02/2022 Reply


admin

Please contact your state NG CARES office where you are currently based, or keep checking our website. it is domiciled only in the states, the Federal is only coordinating. Also, we will soon publish the address of the State Offices, thank you


22/02/2022 Reply


Ibrahim Audu

Pls who is yobe state coordinator of NG-cares program


19/02/2022 Reply


admin

We will soon publish the addresses of the States Offices. thank you

1 Response to "All You Need To Know About Recently World Bank supported COVID-19 Action Recovery and Economic Stimulus also known as NG-CARES(Link Address are Attached)"