Industry & Money

NG-CARES: FG Releases Over ₦438b to 34 States, FCT

The Federal Government has released over N438 billion in reimbursement to 34 states and the Federal Capital Territory, under the Nigeria Community Action for Resilience and Economic Stimulus programme.

The Information and Communication Officer of the Federal CARES Support Unit, Suleiman Odapu, stated this in a statement on Tuesday in Abuja.

Odapu quoted the National Coordinator of NG-CARES Programme, Dr Abdulkarim Obaje, as saying this, explaining that the funds were disbursed based on the results achieved by the states and FCT during the third Independent Verification Agency assessment carried out in January 2024.

He stated that from the earned results, Zamfara, Nasarawa, and Plateau states emerged as the first three earnings with N49bn, N27bn and N26bn, respectively.

Obaje, however, said that Kaduna and Anambra States did not present results for verification during the exercise. The national coordinator expressed the hope that all 36 States and FCT would participate in the fourth IVA exercise scheduled for Sept. 2024.

“This huge reimbursement is aimed at supporting the state governments and the FCT in addressing the pressing challenges of multidimensional poverty.”

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