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World Bank Disburses N35.3bn to 36 States for NG-CARES

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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.

Adedapo Adesanya is a journalist, polymath, and connoisseur of everything art. When he is not writing, he has his nose buried in one of the many books or articles he has bookmarked or simply listening to good music with a bottle of beer or wine. He supports the greatest club in the world, Manchester United F.C.

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ANLCA Airport Chapter Scores Salamatu High on Stakeholder Engagement, Trade Facilitation

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ANLCA Airport Chapter

By Bon Peters

The Airport Chapter of the Association of Nigerian Licensed Customs Agents (ANLCA) at Omagwa Rivers State has praised the Customs Area Controller for Customs Area 1 Command, Comptroller Salamatu Atuluku.

At the end-of-the-year party attended by stakeholders, including the leader of the association’s chapter, Mr Charles Onyema, said the customs officer has done well in stakeholder engagement and trade facilitation.

At the event held last Friday, he said his association has been enjoying a very cordial relationship with other organisation in the ecosystem.

“You can see what is happening today, everybody is working together and our operations here are seamless,” he noted.

He stated that apart from creating a very robust business environment for his members and other stakeholders to operate, he has taken a decision to build and commission a befitting ANLCA Secretariat which would be completed soon and be commissioned by the ANLCA national president, Mr Emenike Nwokeoji.

The ANLCA chapter chief said since “Comptroller Salamatu Atuluku assumed office at Customs Area 1, Port Harcourt Command, it has been a different ball game, facilitating  trade and increasing Revenue generation.”

“I remember I told her she was a mother during her maiden visit to the airport.

“You know when you have a woman in charge of an affair, food will not lack, compassion will not lack and motherly love will not lack.

“She is very wonderful in stakeholder engagement, revenue generation and trade facilitation,” Mr Onyema enthused.

Projecting into the future, Mr. Onyema said the year 2026 would be better for his members, adding that he has advised them on financial discipline which he said would help them during the trying period.

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FG Declares Holidays for Christmas, New Year Celebrations

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as public holidays

By Adedapo Adesanya

The federal government has declared Thursday, December 25, and Friday, December 26, 2025, as public holidays to mark Christmas and Boxing Day respectively.

The government also declared Thursday, January 1, 2026, for the New Year celebration.

The declaration was contained in a statement issued on Monday by the Permanent Secretary of the Ministry of Interior, Mrs Magdalene Ajani, on behalf of the Minister of Interior, Mr Olubunmi Tunji-Ojo.

According to the statement, the Minister urged Nigerians to reflect on the values of love, peace, humility and sacrifice associated with the birth of Jesus Christ.

Mr Tunji-Ojo also called on citizens, irrespective of faith or ethnicity, to use the festive season to pray for peace, improved security and national progress.

He further advised Nigerians to remain law-abiding and security-conscious during the celebrations, while wishing them a Merry Christmas and a prosperous New Year.

Business Post reports that on these public holidays – the foreign exchange market, the Nigerian Exchange (NGX), as well as the NASD Over-the-Counter (OTC) Securities Exchange will not open to trade.

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Dangote Refinery Warns Against Artificial Petrol Scarcity

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petrol scarcity

By Modupe Gbadeyanka

Local crude oil refiner, Dangote Petroleum Refinery, has kicked against attempts to put consumers of premium motor spirit (PMS), otherwise known as petrol, under untold hardship in the country.

The company, which commenced nationwide sales of the product at a pump price of N739 per litre across all MRS Oil Nigeria Plc filling stations, appealed to Nigerians to report any of its marketers who sell above this price.

“Any attempt to create artificial scarcity or manipulate supply to frustrate recent price reductions is unpatriotic and unacceptable.

“We urge regulatory authorities to remain vigilant and take firm action against such practices, especially during this critical festive period,” the Lagos-based refinery said in a statement.

It noted that the significant price reduction was part of its mission to deliver affordable fuel to consumers and stabilize the downstream petroleum market.

With over 2,000 MRS stations nationwide, the new pricing is expected to be implemented across all outlets, ensuring that the benefits of this reduction reach consumers nationwide.

Dangote Refinery applauded marketers who have embraced the new pricing regime and urged others to follow suit in the interest of national economic recovery.

“We commend MRS and other marketers who have demonstrated patriotism by reflecting the reduced price at the pump. We call on others to join this effort as a show of support for Nigeria’s economic recovery,” the refinery stated.

Historically, the festive season has been associated with fuel scarcity and sharp price hikes. However, Dangote Refinery has delivered a decisive market intervention—crashing pump prices at a time when Nigerians typically brace for hardship. Backed by a guaranteed daily supply of 50 million litres, this initiative fundamentally alters the supply dynamics during the holiday period.

By refining locally at scale, the refinery is reducing Nigeria’s exposure to volatile global markets, conserving foreign exchange, stabilizing the Naira, and strengthening energy security. This sustained price cut and steady supply are providing relief to households, businesses, and transport operators nationwide.

Consumers were advised to resist purchasing fuel at inflated prices when cheaper, high-quality alternatives are readily available.

“We encourage Nigerians to avoid buying PMS at excessively high prices when they can access locally refined fuel at N739 per litre from over 2,000 MRS stations nationwide. Report any MRS station selling above N739 per litre by calling 0800 123 5264,” the refinery said.

“We also call on other petrol station operators to patronize our products so that the benefits of this price reduction can be passed on to Nigerians across all outlets, ensuring broad-based relief and a more stable downstream market,” it added, reaffirming its commitment to steady supply, price moderation, and energy security, emphasizing that its operations are anchored on long-term national interest rather than short-term market pressures.

“Our objective remains clear: to ensure consistent supply of high-quality petroleum products at affordable prices for Nigerians, while supporting economic stability and reducing dependence on imports,” the refinery concluded.

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