• Privacy Policy
  • Terms
  • About us
  • Contact Us
  • Staff Email
Friday, August 29, 2025
  • Login
TheMattersPress
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us
No Result
View All Result
TheMattersPress
No Result
View All Result
Home Economy/Technology

World Bank extends NG-CARES programme in Nigeria – Minister

World Bank

The Matters Press by The Matters Press
May 11, 2023
Reading Time: 2 mins read
0
World Bank predicts 4% global economic growth, 1.1% for Nigeria in 2021

The World Bank has approved the extension of the Federal Government COVID-19 Action Recovery and Economic Stimulus tagged: “NG-CARES” Programme from June 2023 to June 2024.

RELATED POSTS

‎TMSG welcomes halt in oil theft on pipelines taking crude to export terminals

‎Group dismisses Obasanjo’s labelling of Tinubu’s administration as inefficient

Tinubu succeeding where Obasanjo failed woefully, says TMSG

The Minister of State for Budget and National Planning, Clem Agba, made this known on Wednesday at a Ministerial Town Hall meeting on NG-CARES programme for four states in Benin.

Agba, who chairs the Federal CARES Steering Committee (FCSC), said that extension of the programme was to address the food security gaps caused by the 2022 flood.

He said: “Due to last year’s flood that affected food security and the supply chain, we approached the World Bank for extension of the programme from June 2023 to June 2024.

“I am glad that the World Bank’s Task Team Leader has communicated to me that we now have approval for extension and the official letter would be sent to me next week.”

Agba said Federal Government had also secured approval for another set of advance disbursement to the states, following extension of the programme.

He said based on the first round of direct assessment by the Independent Verification Agency, NG-CARES had impacted over two million direct beneficiaries, including the poor and vulnerable Nigerians.

Agba said that the NG-CARES programme was one of the policy options explored by the Federal Government to achieve its objective of removing 100 million Nigerians from poverty.

He restated the government’s commitment to restoring the livelihood of the poor and vulnerable Nigerians, maintain food security and facilitate the recovery of micro and small businesses.

The minister added that the Town Hall meeting enabled the government to talk directly to the beneficiaries in order to know their challenges with a view to correcting them for future programmes, among others.

Also, Dr AbdulKarim Obaje, the National Coordinator, NG-CARES, said World Bank had approved the programme in 2020, while disbursement begun in October 2021.

Obaje said that states in Benin Centre, namely: Edo, Bayelsa, Delta and Rivers earned N1.459 billion with 19,188 beneficiaries; N2.28 billion with 27,735 beneficiaries; N3.31 billion with 31, 058 beneficiaries and N2.42 billion with 9, 877 beneficiaries respectively.

The Town Hall meeting was attended by stakeholders and beneficiaries of NG-CARES Programme from Bayelsa, Delta, Rivers and Edo.

Tags: World Bank
ShareTweetPin
The Matters Press

The Matters Press

Related Posts

Nigeria regains top crude oil production spot in Africa
Energy

‎TMSG welcomes halt in oil theft on pipelines taking crude to export terminals

August 28, 2025
Who is lying, Obasanjo or NAN?
News

‎Group dismisses Obasanjo’s labelling of Tinubu’s administration as inefficient

August 28, 2025
Obasanjo campaigns for AfCFTA
News

Tinubu succeeding where Obasanjo failed woefully, says TMSG

August 28, 2025
Tinubu explains mission as he marks second year in office
Economy/Technology

‎Tinubu in fresh ideas to grassroots-development using 8,809 wards initiative – TMSG ‎

August 9, 2025
Obi, PDP candidate advises Buhari to increase tempo
Economy/Technology

‎Obi’s One-Term Proposal, a gambit to grab power at all costs -Group ‎

August 7, 2025
Importers face delays, higher costs on Red Sea woes
Economy/Technology

National Single Window initiative, a major step for efficient cross-border trade – TMSG

August 4, 2025
Next Post
Pace of work on Lekki Deep Seaport excites minister

Lekki Port to restore Nigeria’s trans-shipment hub status

CIIN president tasks Insurance directors on manpower development

NAICOM, ISAN to develop trust in insurance industry

Recommended Stories

Africa-Europe Alliance presents progress report

Nigeria, UK-based group in deal on Africa’s Intellectual Property

December 25, 2021
Wike sacks media executives

Wike pledges to restore Abuja Master plan

August 22, 2023
Trading in Nigerian stock market dips further N83bn

Recapitalisation likely to rejuvenate stock market – Expert

December 11, 2023

Popular Stories

  • Rising prices of goods cause protests in Morocco

    Rising prices of goods cause protests in Morocco

    0 shares
    Share 0 Tweet 0
  • NLNG not responsible for gas supply shortfall, price hike

    0 shares
    Share 0 Tweet 0
  • NCC sets fresh operational fees, spectrum prices for telecom operators

    0 shares
    Share 0 Tweet 0
  • Hoarding causes hike in prices of grains

    0 shares
    Share 0 Tweet 0
  • Prices of Petrol, diesel increase in November

    0 shares
    Share 0 Tweet 0
TheMattersPress

We bring you the best news update in Nigeria

LEARN MORE »

Recent Posts

  • ‎TMSG welcomes halt in oil theft on pipelines taking crude to export terminals
  • ‎Group dismisses Obasanjo’s labelling of Tinubu’s administration as inefficient
  • Tinubu succeeding where Obasanjo failed woefully, says TMSG

Categories

  • Agriculture
  • Economy/Technology
  • Energy
  • Entertainment/sports
  • Features
  • Foreign
  • Multimedia
  • Natural Resources
  • News
  • Oil and Gas
  • Photo
  • Politics
  • Security
  • Thematterspress
  • Uncategorized
  • Video

© 2025 Domo Tech World - Powered by Thematterspress.

No Result
View All Result
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us

© 2025 Domo Tech World - Powered by Thematterspress.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Call Us