The Federal Government, 36 States including the Federal Capital Territory (FCT), have committed $834.6m in NG-CARES initiative.
The Permanent Secretary at the Ministry of Budget and Economic Planning, Emeka Vitalis Obi, made the disclosure during a stakeholder meeting in Abuja Recently.
According to him, the 36 states and the Federal Capital Territory (FCT) have committed $834.6 million in NG-CARES—30% more than the $645.74 million reimbursed to them by the World Bank.
He emphasised that this overinvestment reflects a strong commitment by sub-national governments to institutionalize social protection initiatives.
Since its inception in 2021, NG-CARES has impacted the lives and livelihoods of over 15 million poor and vulnerable Nigerians.
The program, formerly known as the COVID-19 Action Recovery and Economic Stimulus Programme, is a $750 million World Bank-assisted initiative aimed at providing livelihood support, food security services, and grants to mitigate economic shocks.
The Federal Government recently extended the program, with World Bank approval, to conclude on May 31, 2025, allowing time to finalise the design of NG-CARES 2.0.
