COVID-19: FG to Secure $750m World Bank Loan for States - THISDAYLIVE

As part of efforts to mitigate the effect of Covid-19, the federal government is in the process of securing a $750 million World Bank loan on behalf of the states of the federation, to help stimulate the local economy and support consumption by vulnerable households.

The minister explained that to ensure that the implementation of the N-CARES is in line with the federal government’s priorities as outlined in the Economic Sustainability Plan , the Federal Steering Committee made up of ministers and permanent secretaries as well as a Technical Committee made up of directors of key MDAs have to be in place.

“This key population make up over 60% of our entire population in Nigeria therefore, the need to cushion the effects of the pandemic on the vulnerable sectors through the provision of palliatives and stimulus package. The minister said the major role of the Federal Steering will be to provide an overall policy direction for the implementation of the programme and advise the President appropriately, while, the Federal Technical Committee will be responsible for the programme oversight, overall guidance, support, coordination, strategic direction, review and approval of the annual work programme as well as budget for the Federal CARES Support Unit .

Others are reviewing and approving annual work programme and budget for the FCSU; reviewing project operation performance, accounting and audit reports and ensuring implementation of decisions taken by the FCSC; conducting performance review of key FCSU staff.

This present federal government don't think of anything except borrow, why ,? Continue killing Nigeria future

To do what with it ?we Nigerians are tired of unaccountability of this administration

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