• Privacy Policy
  • Terms
  • About us
  • Contact Us
  • Staff Email
Wednesday, October 8, 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 sure $750m NG-CARES programme doing well

NG-CARES

The Matters Press by The Matters Press
November 2, 2023
Reading Time: 3 mins read
0
World Bank predicts 4% global economic growth, 1.1% for Nigeria in 2021

Abuja, Nov. 2, 2023: The World Bank says Nigeria COVID-19 Action Recovery and Economic Stimulus (NG-CARES) programme is doing well in addressing poverty in the country.

RELATED POSTS

Think Tank welcomes first interest cut in 5 years, notes that CBN decision aligns with its projection ‎

Atiku’s hunger revolution, delusional – TMSG

‎Fubara, lawmakers’ position vindicate President Tinubu’s emergency rule declaration-TMSG

Prof. Foluso Okunmadewa, World Bank Task Team Leader for NG-CARES, stated this in an interview with newsmen on the sidelines of Mid-Term Review Mission meeting held on Wednesday in Abuja.

Okunmadewa said that the bank had so far disbursed over 300 million dollars, assuring that all the remaining resources would be released within the next eight months.

” We are quite happy about what has happened to the programme. It is still very active in all the 36 states of the Federation and the Federal Capital Territory (FCT).

” And they are all very eager to get even into the next phase of the programme because caring for the poor and vulnerable in Nigeria is still the thing that government is concern about

” Each state of the federation have been encourage to put together a set of interventions into one programme that totally cares for the poor and vulnerable.”

The don recalled that the programme became preeminent immediately after the COVID-19 crisis, where both the livelihood and the lives of people were threatened.

” And so government was responsive enough at the federal and state levels to put this programme together and the world bank gladly agreed to support it.

” Now two and half years after it was being put in place we have felt is good to take a look at how fair is the programme going.

” And particularly how well is the world bank assistance, wether it is relevant or not and wether it is achieving the desire results.

” Of course I will like to say that it is doing well now but after a very difficult start. It had a challenging start, had a slow start but now it has pick up and it is even almost exceeding the expectations

” To the extent that there is clearly a desire to continue the programme at the government level and also the world bank to also support the next face of it.”

Earlier, the National Coordinators of NG-CARES, Dr Abdulkarim Obaje, said that the programme had so far impacted into the lives of over three million Nigerians.

Obaje said the 36 states and the FCT have contributed between N88 billion to N90 billion since the inception of the programme.

He explained that the instrument of operation and strategy put into the designed of the programme emphasised on community participation.

He also said that the emphasised of the programme had moved from COVID-19 to deploying the resources of the community to address their peculiar needs.

” The programme is doing very well now and there is increase phase of disbursement and the programme is also becoming more popular among the poor and vulnerable the nation.

” And then top government functionaries at the federal are also beginning to ask questions to become interested in what the NG-CARES is doing.

” This is a positive development, it is a programme that relatively young as a programme but it has inherited other programme that have been existing for quite sometime.”

Also, Mr Sonny Ekedayen, the Commissioner of Ministry of Economic Planning, Delta state, said ” NG-CARES is one programme whose relevance we are just discovering that is even more today than it was when it started.

” I am very proud to say that my state delta is very active in the programme and one of those forerunners who signed on to this programme newly when it came in.

” And we have domesticated it in our state for which we have not only gotten commendation from the world bank but also from the National Coordinating body.

” Even our citizens too are now looking at it as a veritable means of state intervention.”

Tags: NG-CARES
ShareTweetPin
The Matters Press

The Matters Press

Related Posts

Consumer commission, CBN, EFCC investigate violations in money lending
Economy/Technology

Think Tank welcomes first interest cut in 5 years, notes that CBN decision aligns with its projection ‎

September 24, 2025
Drop your frustration, let President Tinubu be, Group picks on Atiku
Economy/Technology

Atiku’s hunger revolution, delusional – TMSG

September 23, 2025
‎Fubara, lawmakers’ position vindicate President Tinubu’s emergency rule declaration-TMSG
Economy/Technology

‎Fubara, lawmakers’ position vindicate President Tinubu’s emergency rule declaration-TMSG

September 22, 2025
2023 maritime, shipping outlook force experts to call for aid
Economy/Technology

Leap in non-oil exports gain of Nigeria:s economic diversification ‎

September 17, 2025
NBS reports increase in Inflation
Economy/Technology

Think Tank ‎projects 17% inflation rate by year-end, urges CBN to ease benchmark rate ‎

September 17, 2025
Old pension scheme beneficiaries get a boost in entitlements
Economy/Technology

‎GROUP LAUDS INSURANCE SCHEME FOR RETIREES IN NIGERIA. ‎

September 14, 2025
Next Post
Tinubu denies manipulating NASS

Tinubu seeks approval of 2022-2024 external borrowing plan of $7.8bn, €100m

Lekki Seaport berths largest vessel since commencement of operations

Nicole urges review of price increase at ports

Recommended Stories

Experts seek implementation of economic development plans

Global economy needs Nigeria, says IMO Secretary-General

November 21, 2022
Nigeria regains top crude oil production spot in Africa

Nigeria loses $700m monthly to massive crude oil theft

September 12, 2022
DSTV must pay N900bn in tax default – Court

FCCPC orders MultiChoice to introduce additional features

March 20, 2022

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

  • Think Tank welcomes first interest cut in 5 years, notes that CBN decision aligns with its projection ‎
  • Atiku’s hunger revolution, delusional – TMSG
  • ‎Fubara, lawmakers’ position vindicate President Tinubu’s emergency rule declaration-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