Minister of State for Budget and National Planning, Prince Clem Ikanade Agba, has said that under the Social Protection Agenda, the Federal Government has accessed a World Bank confessional loan of US$750 million on behalf of 36 states and Federal Capital Territory (FCT). The minister who was represented by the Chairman, Federal CARES Technical Committee, Rev. Aso Vakporaye explained that the loan was to stimulate the local economy and increase household’s consumption among the poor and vulnerable segment of the society. He noted, “NG-CARES Programme is one of the policy options explored by our administration to achieve these objectives. The highpoint of the meeting was the goodwill messages from the governments of the five states in the Southeast geo-political zone, followed by interactive session between the Minister and beneficiaries of NG-CARES Programme.

Source: Nigerian Tribune May 19, 2023 18:45 UTC