Tinubu Disburses Over N438 Billion To 34 States, FCT Under Economic Stimulus Programme

Under the Nigeria Community Action for Resilience and Economic Stimulus (NG-CARES) Program, the Federal Government has given about N438 billion to 34 states as well as the Federal Capital Territory (FCT).

In a press release, Malam Suleiman Odapu, the Federal CARES Support Unit (FCSU) Information and Communication Officer, stated that the results of the third Independent Verification Agency (IVA) assessment, which was carried out in January 2024, were used to determine the distribution of funds to the states and the Federal Capital Territory.

The purpose of this significant reimbursement is to support the FCT and state governments in addressing the complex issues associated with poverty and improving the quality of life for the most vulnerable citizens.

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The assessment showed that Zamfara, Nasarawa, and Plateau states received the lion’s share getting  N49.18 billion, N27.20 billion, and N26.31 billion respectively. However, Kaduna and Anambra States did not present results for verification during this exercise.

Dr Abdulkarim Obaje, the National Coordinator of the NG-CARES Programme, expressed optimism that all 36 states and the FCT would participate in the forthcoming fourth IVA assessment scheduled for September 2024.

The NG-CARES programme was established to alleviate the adverse socioeconomic effects of the COVID-19 pandemic.

It aims to address other economic shocks by providing grants and essential social infrastructure services in impoverished communities.

The funds are allocated to various projects, including social safety nets, food security, and support for small businesses, ensuring that assistance reaches the most indigent and vulnerable Nigerians. Initiated in 2021, the NG-CARES programme is scheduled to conclude in December 2024.