World Bank lauds implementation of COVID-19 Action Recovery and Economic Stimulus by Nigeria


The World Bank, has said the implementation of the Nigeria COVID-19 Action Recovery and Economic Stimulus (NG-CARES) is impressive.


Mr Dhushyanth Raju, the Practice Manager, Social Protection and Jobs, African Region, of the Bank stated this at a meeting with the federal team in charge of NG-CARES, led by Mr Aso Vapkoraye, the chairman, Federal NG-CARES Technical Committee on Tuesday in Abuja.

“It has been a wonderful interaction with the officials of NG-CARES. I was involved during the designing process of its operation.

“So, learning from the authorities on where they stand today is something that refreshes my memory and education on this.

“What I have learned also is that the project has been activated and they have moved forward in setting up implementation arrangements

“Now, they are on the process of getting the results on ground. It is an exciting stage for all of us as we move forward,’’ he said.

According to him, the World Bank is looking forward to learning more from NG-CARES officials as it gets results that have impacted on Nigerians.

“While they are providing cash transfer to the poor, grants to farms, agricultural inputs to farmers, we will also like to see the impact of the programme on the lives of individuals and improvement on the lives of the poor and vulnerable.

“The first year target is very important, the government has some promising results to share with us in the results frame work and it will be important to make sure that those results are indeed reliable.

“So, I look forward on the team going into the states to verify the implementation results,’’ he said.

Also speaking, Prof. Foluso Okunmadewa, World Bank, Lead Specialist, Social Protection and Task Team Leader for NG-CARES, said the meeting had availed the federal team the opportunity to update the practice manager on the successes so far recorded.

Okunmadewa said the team also informed the practice manager about the challenges and recommendations that they have, which they want the World Bank to consider moving forward as it would help the project to have adequate impact.

“He has offered some advice, given his own level of knowledge about social protection in other countries and what the team should do going forward,’’ he said.

Similarly, the National Coordinator of NG-CARES, Dr Abdulkarim Obaje, commended the practice manager for the opportunity to interact with the officials to share their achievements and challenges.

Obaje expressed optimism that the pace of the implementation of the programme would be accelerated, adding that before the end of this year, NG-CARES would record substantial success in terms of the results that would be posted.

He assured that the team would do everything possible to ensure that no aspect of the credit facility was cancelled.

“We are going to work round the clock to ensure that the 750 million dollars NG-CARES World Bank credit is used for the benefit of poor and vulnerable Nigerians,’’ he said.


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