On Thursday, Vice President Yemi Osinbajo announced the Nigeria COVID-19 Action Recovery and Economic Stimulus (NG-CARES) Program.
As part of the federal government’s response to the Covid-19 crisis, the program is being implemented with a N750 million loan from the World Bank.
Vice President Yemi Osinbajo announced the funds before the National Economic Council NEC meeting began at the Presidential Villa’s old banquet hall in Abuja.
He revealed that the funds will be used to combat Covid-19-related insecurity in households, businesses, and farmers.
“It is an emergency operation with significant resources that are expected to support all of these “It is an emergency operation with significant resources that will support all of these people as part of President Muhammadu Buhari’s promise to lift 100 million Nigerians out of poverty.”
The new funding arrangement represents a strategic shift in the government’s response to the Covid-19 pandemic in the country https://businessday.ng/news/article/osinbajo-flags-off-750m-nigeria-covid-action-recovery-and-economic-stimulus-program/
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