General
World Bank Disburses N35.3bn to 36 States for NG-CARES
By Adedapo Adesanya
The World Bank said it has disbursed the sum of N35.3 billion to all the 36 states of the federation and the FCT as an advance payment for the implementation of the Nigeria COVID-19 Action Recovery and Economic Stimulus Programme (NG-CARES).
This disclosure was made by the Lead Specialist, World Bank Country Office, Abuja, Mr Foluso Okunmadewa at the 1st Implementation Support Mission for NG-CARES on Tuesday in Ikeja, Lagos.
He said that the programme was organised for the World Bank, the federal government and state delegates who would be participating in the implementation of the programme with Lagos as the host state.
Mr Okunmadewa, also the Task Team Leader, NG-CARES, World Bank, Abuja, said that all the 36 states were running the programme and had become effective in every state.
He added that the World Bank’s teams were in Lagos, Enugu, Yola, Birnin-Kebbi, adding that all the 36 states are participating in the implementation mission this week.
He added that the team had started going round all the 36 states for this particular mission to help them as they start the implementation process.
NG-CARES is a $750 million intervention programme that started running in 2021 and would end in 2023.
It is a collaboration between the World Bank, the Federal Government and the 36 state governments.
According to him, the total allocation to each state of the federation is the equivalent of $20 million but it is result-based financing, so the money is not given to the state upfront.
“But because most states do not have enough resources to start the intervention, advance money was given to the states.
“Advance were given to the states at a different amount ranging from $500 million to $1.3 billion in some cases.
“A total of N35.3 billion has been disbursed as of yesterday (Monday) to all the 36 states of the federation and the FCT as advance.
“It is hoped that by the next six months when the World Bank must have verified the results from the states, the second disbursement will take place and the advance will be recovered.
“Lagos state is among the best, It got N900 million,” he said.
Mr Okunmadewa said that NG-CARES was set up to alleviate the impacts of COVID-19 on livelihood, welfare, food supply system, the informal sector and the local economy.
He noted that due to the pandemic, many people became poor while others became poorer.
“It’s true that when COVID-19 pandemic was rampant, people recognised its immediate impact on their lives and also recognised that it was affecting livelihood.
“Even now that the effects on lives, sickness and all other things may have subsided, the impacts it had to have on livelihood, on the level of welfare of people, on food and supply system, impact on the informal sector, local economy, are still there.
“Those impacts need to be alleviated in a way.
“People who were poor before COVID-19 became poorer, people who were not poor before the pandemic became poor. Now there is no doubt that they needed to be supported,” he noted.
The team leader said that the World Bank had adopted a performance-based-financing approach that would ensure that the support gets to the average Nigerians who are really in need of the intervention.
He noted that unless and until the government itself works with the people that really need this assistance and provides them with the assistance upfront; the outcome and the output are verified, the refinancing from the World Bank would not come.
“The finances follow the results, it does not follow the activities, it does not follow training and capacity building.
“It actually follows the number of farmers that have been assisted, the number of poor households that have been given social transfers, the number of local enterprises, micro and small scales that have been facilitated and recovered.
“Based on that, the government is now giving the resources, it is result-based financing and on that bases, the monitoring is implicit and I must say that all the 36 state governments of Nigeria, including the FCT, have bought into this approach.
He said that it was left for the states to actually decide the beneficiaries of the intervention, adding that it is not decided by the World Bank or any federal institutions.
“Each state looks at the poor amongst their people, the people who actually need the assistance and they are the ones they give it to.
“There is no way to circumvent it more so that independent verification agents are then going to go out, third party monitoring is going to talk to the beneficiaries who received it.
“The state government knows that if they give it out to those that do not need it, and verification and monitoring agents say so, the state will not receive the resources for it,” he said.
On the part of the host state, the Lagos State Commissioner for Budget and Physical Planning, Mr Sam Egube, said that the state was participating in all interventions that suit it and that would alleviate the impact of the COVID-19 pandemic on its citizenry.
He noted that the total budget is about 20 million dollars per state and the FCT and a total of 750 million dollars nationwide.
He said the introduction of the NG-CARES by the Federal Government and an initiative that had been supported by the World Bank to mitigate the effect of the COVID-19 pandemic was a welcome development.
He added that the state government had put in place the necessary machinery that would ensure smooth implementation of the intervention in accordance with the dictate of the operational manual.
“As a demonstration of our commitment, Mr Governor has approved the deployment of existing platforms and MDAs with good track records to deliver on the programmes’ result areas and the disbursement link indicators.
“They are: the Ministry of Women Affairs and Poverty Alleviation, the Ministry of Wealth Creation, Office of the Sustainable Development Goals and they are to handle cash transfer, basic services and livelihood supports.
“FADAMA project in the Ministry of Agriculture will work on food security and safe functioning of food supply chain while the Lagos State Employment Trust Fund will be facilitating, recovering and enhancing the capabilities of MSMEs.
Mr Egube said that the Lagos State Government had received N900 million as an advance payment for the implementation of NG-CARES as of March 7.
“Lagos will be intervening in the agricultural programme, training people in farming skills and in the management of farm business, cash transfers that will be happening and several interventions that are humanitarian in nature that will be happening.”
Also, the State Commissioner for Finance, Mr Rabiu Olowo, said that Lagos was ready for the implementation of the NG-CARES.
Mr Olowo noted that the implementation of the project was solely the responsibility of the Ministry of Budget and Economic Planning.
He added that the Ministry of Finance would facilitate the disbursements of funds for the smooth implementation of the project.
General
US Suspends Immigrants Visa for Nigerians, 74 Others
By Adedapo Adesanya
Nigeria is among 75 countries the US government will suspend the processing of immigrant visas for its citizens.
According to the US State Department, the citizens of the 75 countries are those whose nationals are deemed likely to require public assistance while living in the United States.
The State Department, led by Secretary Marco Rubio, said it had instructed consular officers to halt immigrant visa applications from the countries affected in accordance with a broader order issued in November that tightened rules around potential immigrants who might become “public charges” in the US.
Business Post gathered that alongside Nigeria are Afghanistan, Albania, Algeria, Antigua and Barbuda, Armenia, Azerbaijan, Bahamas, Bangladesh, Barbados, Belarus, Belize, Bhutan, Bosnia, Brazil, Burma, Cambodia, Cameroon, Cape Verde, Colombia, Cote d’Ivoire, Cuba, Democratic Republic of the Congo, and Dominica.
Others include Egypt, Eritrea, Ethiopia, Fiji, Gambia, Georgia, Ghana, Grenada, Guatemala, Guinea, Haiti, Iran, Iraq, Jamaica, Jordan, Kazakhstan, Kosovo, Kuwait, Kyrgyzstan, Laos, Lebanon, Liberia, Libya, Macedonia, Moldova, Mongolia, Montenegro, Morocco, Nepal, Nicaragua, Pakistan, Republic of the Congo, Russia, Rwanda, Saint Kitts and Nevis, Saint Lucia, Saint Vincent and the Grenadines, Senegal, Sierra Leone, Somalia, South Sudan, Sudan, Syria, Tanzania, Thailand, Togo, Tunisia, Uganda, Uruguay, Uzbekistan, and Yemen.
The suspension, which will begin on January 21, will not apply to applicants seeking non-immigrant visas, or temporary tourist or business visas.
“The Trump administration is bringing an end to the abuse of America’s immigration system by those who would extract wealth from the American people,” the department said in a statement.
“Immigrant visa processing from these 75 countries will be paused while the State Department reassess immigration processing procedures to prevent the entry of foreign nationals who would take welfare and public benefits.”
President Donald Trump’s administration has already severely restricted immigrant and non-immigrant visa processing for citizens of dozens of countries, many of them in Africa.
General
Nigeria Hires $9m American Lobby Firm to Counter Christian Genocide Claims
By Adedapo Adesanya
Nigeria has reportedly engaged the services of a Washington-based lobbying firm, DCI Group, in a $9 million contract aimed at communicating its efforts to protect Christians in Nigeria to the United States government.
According to The Africa Report, the amount appears to be a record for African lobbying in the US capital, citing documents filed with the US Department of Justice by Aster Legal, a Kaduna-based law firm, acting on behalf of National Security Adviser (NSA), Mr Nuhu Ribadu.
The agreement, signed on December 17, 2025, between Mr Oyetunji Olalekan Teslim, Managing Partner of Aster Legal, and Mr Justin Peterson, Managing Member of DCI Group, authorises the US firm to assist the Nigerian government “in communicating its actions to protect Nigerian Christian communities and maintaining US support in countering West African jihadist groups and other destabilizing elements.”
Under the terms of the contract, DCI Group will receive $750,000 monthly, amounting to $9 million over 12 months. The deal runs initially for six months, until June 30, 2026, with an automatic renewal clause for another six-month period.
A clause in the agreement also allowed either party to terminate the deal “for any reason without penalty” by giving 60 days’ advance written notice.
It was reported that on December 12, 2025, Nigeria paid DCI Group 50 per cent or $4.5 million prepayment covering the first six months of the retainership agreement. A second installment is due at the end of the initial contract period.
This comes amid recent threats by US President Donald Trump to invade the country after its redesignation of Nigeria as a “country of particular concern,” citing alleged attacks against Christian communities. However, the Nigerian government has repeatedly denied claims of a Christian genocide, insisting that violence in the country affects all regardless of their affiliations.
Following an engagement late last year, the federal government pledged to “engage with the American government through diplomatic and legal channels” to address the allegations. Since late November, the US has been conducting intelligence-gathering flights over large parts of Nigeria.
On Christmas Day, the US military launched airstrikes against Islamic State (IS) terrorist enclaves in Bauni Forest, Tangaza Local Government Area of Sokoto State, marking a significant escalation in US counterterrorism involvement in Nigeria.
On Tuesday, the US delivered critical military supplies to Nigeria to bolster the country’s operations, the US military’s Africa Command (AFRICOM) said.
General
Nigeria, UAE Seal Trade Pact, to Co-host Investopia
By Adedapo Adesanya
President Bola Tinubu has said Nigeria would co-host Investopia with the United Arab Emirates (UAE) in Lagos in February, an initiative aimed at attracting global investors and accelerating sustainable investment inflows.
President Tinubu made this announcement on the sidelines of the 2026 Abu Dhabi Sustainability Week (ADSW), where Nigeria also concluded a Comprehensive Economic Partnership Agreement (CEPA) with the UAE to deepen trade and cooperation in renewable energy, infrastructure, logistics, and digital trade.
“We warmly invite our partners to join us and help build the next chapter of sustainable and shared prosperity for Nigeria, Africa, and the world, ” President Tinubu said.
He described CEPA as a historic and strategic agreement that will also enhance cooperation in aviation, logistics, agriculture, and climate-smart infrastructure, creating enduring opportunities for the people of the two countries, stating that Investopia will bring together investors, innovators, policymakers, and business leaders to transform opportunities into commitment and ideas into investment.
Mr Tinubu told the summit that Nigeria aims to mobilise up to $30 billion annually in climate and green industrial finance as it accelerates energy transition reforms and expands nationwide electricity access.
“The foundation of every modern economy is electricity. As an emerging economy in the Global South, we understand the delicate balance between industrialisation and decarbonisation, ensuring neither is pursued at the expense of the other.
”We are calling for a fundamental shift in the global financial architecture: a move away from the restrictive requirement of sovereign guarantees, which unfairly penalise developing economies.
”Instead, the focus should be on blended finance and first-loss capital mechanisms that allow private sustainable capital flows directly into our green projects without further straining national balance sheets,” he said.
According to President Tinubu, Nigeria has strengthened its climate governance framework with the adoption of a National Carbon Market Activation Policy and the launch of a National Carbon Registry.
He explained that these measures are aimed at improving transparency and investor confidence.
Mr Tinubu highlighted the Electricity Act 2023 as a central pillar of Nigeria’s energy reforms, noting that it enables decentralised power generation and distribution to underserved communities.
He added that Nigeria’s climate investment drive includes a $500 million distributed renewable energy fund backed by the Nigeria Sovereign Investment Authority, as well as a $750 million World Bank programme expected to expand clean electricity access to more than 17.5 million people.
President Tinubu reaffirmed Nigeria’s target of net-zero emissions by 2060, under its Energy Transition Plan, while pursuing industrial growth and universal energy access.
He invited foreign investors to partner in Nigeria’s lithium and critical minerals sector, stressing that the government prioritises local processing and value addition.
President Tinubu noted that Nigeria’s ongoing economic reforms are producing tangible results, including a 21 per cent growth in non-oil exports.
”These reforms, alongside wider fiscal and monetary measures, are delivering results. Non-oil exports have grown by 21 per cent, supported by a more diversified product base. Capital importation has risen, and Nigeria now has over 50 billion dollars in investment commitments across key sectors.
”We are ready to work with partners across the world to ensure that the next era of development is not only green and inclusive, but just and enduring,” he said.
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