At the signing of the Memorandum of Understanding (MoU) at the Governor’s Office, Akure, BoI Regional Head, Southwest, Michael Oye, said the event marked formal enlistment of the state in the Nigeria COVID-19 Action Recovery and Economic Stimulus (NG-CARES) programme. According to him, it is a tripartite programme of the World Bank, Federal Government and state governments that utilises existing Federal Government platforms. The scheme, as explained by him, targets existing and newly emerging vulnerable and poor households, agricultural value chains and MSMEs affected by the economic crisis sequel to COVID-19 outbreak. To ensure success of the programme, he also revealed that there is a robust feedback mechanism to evaluate and monitor the scheme. While lauding the organisation for partnering with the state, Odu added that the programme would tremendously assuage the suffering of the people and set the state’s economy on the path of speedy recovery.

Source: The Guardian July 03, 2021 04:07 UTC