Minister of Finance, Budget and National Planning, Zainab Ahmed, has said the Federal Government was in the process of accessing a $750 million World Bank loan on behalf of state governments to stimulate local economy and support vulnerable households. She made the disclosure at the inauguration of the Federal Steering and Technical Committees of the Nigeria COVID-19 Action Recovery and Economic stimulus (N-CARES) in Abuja. “The loan is part of windows of opportunities to mitigate the effect of COVID-19,” the minister noted. Earlier, Minister of State for Budget and National Planning, Clem Ikanade Agba, clarified that the N-CARES programme was multi-sectoral in nature. Also speaking, Minister of Women Affairs and Social development, Pauline Tallen, lauded the global lender for its support.

Source: The Guardian November 24, 2020 03:56 UTC