COVID-19 Stimulus Package: 16 Nigerian States Access World Bank’s N1.6b

World Bank Straightnews
World Bank

A total of 35 Nigerian states would benefit from the World Bank’s US$1.5 billion stimulus package to cushion the effects of the COVID-19.

So far, 22 states that signed General Grant, GA, were Ekiti, Gombe, Zamfara, Sokoto, Niger, Taraba, Oyo, Abia, Enugu, Plateau, Delta, Bauchi, Ebonyi, Kaduna, Kwara, Cross River, Imo, Yobe, Ondo, Osun, Nasarawa and Benue.

Of the number, 16 states had received N100 million grant each, totaling N1.6 billion.

The states were Ekiti, Gombe, Niger, Sokoto, Taraba, Oyo, Abia, Enugu, Zamfara, Bauchi, Ebonyi, Kaduna, Kwara, Cross River, Imo and Delta.

The five states next on the list for the grant are Plateau, Yobe, Ondo, Benue, and Osun, while Nassarawa State is yet to communicate account details.

The plan is part of the World Bank’s package for immediate fiscal relief for Nigeria, following discussion between its Country Director and the Economic Sustainability Committee, chaired by Vice President Yemi Osinbajo.

This is contained in the report of the Ad-Hoc Committee of the National Economic Council, NEC, interfacing with Presidential Taskforce on Covid-19 to ease the lockdown on the economy.

The report was presented on Thursday at the virtual NEC meeting presided over by Prof. Osinbajo, at the Presidential Villa, Abuja.

Governor of Nassarawa State, Abdullahi Sule, who briefed State House correspondents on the outcome of the meeting, said that 22 states signed the Grant Agreement, GA, while 13 were yet to return signed GAs.

Sule said the ad-hoc committee’s report also had the key highlights of the ongoing four weeks guidelines of the extended second 2nd Phase of the eased lockdown.

He said the task force revealed that the extension was necessitated due to observed lack of compliance with the prescribed measure, dangers associated with community transmission, and the need to strengthen critical areas of the response strategy for effectiveness.

Outstanding issues Sule said that the committee outlined some outstanding issues, including the resumption date for educational institutions, new protocols for Internally Displaced Persons, resumption of work by all categories of public and civil servants, and full reopening of contact sporting activities and recreational facilities.

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He said the Director-General of the Nigerian Centre for Disease Control, NCDC, Dr. Chikwe Ihekweazu, also briefed the Council of COVID-19 situation in the states. Security and policing Governor Sule also said that the NEC received a presentation from Chairman National Economic Council Ad- Hoc Committee on Security and Policing, set up at the 95th meeting of the Council on June 20, 2019.

He said the committee, headed by Ekiti State Governor Kayode Fayemi, met on Thursday, August 4 to review the escalating security challenges in Nigeria.

According to him, at the virtual meeting, there were briefings and presentations from the National Security Adviser, NSA, Inspector-General of Police, IGP, Chief of Defence Staff, and the Department of State Services (DSS).

He said the meeting reviewed the escalating challenges in the country observed that insecurity could not be fully eradicated without addressing the high poverty rate and unemployment level in Nigeria.

“Council resolved that the Chair of the NGF (Nigeria Governors’ Forum) with two other governors would be meeting with the Secretary to the Government of the Federation, the Finance Minister and the Inspector-General of Police to coordinate the proper utilization of the funding of community policing in the states.

“The federal government has already approved N13 billion for this same purpose.” He said that the meeting also observed that the Office of the NSA has not been adequately funded in the last five years to enable it to carry out its mandate effectively.

He said “State governments have been overwhelmed by insecurity expenditures and there is, therefore, the need by the Federal Government to inject more funds to augment expenses by the states, amongst others. “The meeting made several observations and came up with recommendations that would help the government tackle the issue of insecurity in the country.”