COVID-19: FCTA receives $15m intervention funds from FG

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4 years ago

The Permanent Secretary, Federal Capital Territory Administration (FCTA), Mr Olusade Adesola, on Wednesday, announced that the FCT Administration had received a sum of $15million from the World bank support of $750m through the Federal Government to mitigate the effect of the COVID-19 pandemic nationwide, more especially among the poor and vulnerable households and supporting the recovery of local economic activities.

He made this announcement during the inauguration of a steering committee to pilot the FCT CARES program in Abuja.

Represented by the Director, FCT Human Resources Management, Mr Bashir Mohammed, further explained that the arrival of COVID-19 in Nigeria in 2020 had a devastating impact on jobs and livelihoods.

According to him: “A significant reopening of the economy has been on several months, but the recovery from last year’s forced contraction and economic difficulties continues.

“The FCTA is especially eager to support the acceleration and expansion of this recovery to help businesses regain markets, income, and confidence. The effect of the COVID-19 pandemic on the global economy arising from the global lockdown and its severe negative impact on livelihood and food cannot be overemphasised.

“As a result of this, the Federal government in collaboration with the World Bank and the Nigeria Governors Forum developed the States/FCT CARES program to cushion the effect of the pandemic, most especially on the most vulnerable segment of the Nigeria population.

“CARES is a result-oriented program to deliver the results in the following three key areas; result area one; to increased social transfers, basic services, and livelihood support to the poor and vulnerable household, under this, 42,606 individuals are expected to benefit directly, while over 180,000 people will benefit indirectly,” he said.

He further explained that the result area two would be to increase food security and safe functioning of the food supply chain, that under this, a total of 12,293 farmers will benefit directly, while over 100, 000 people will benefit indirectly.

“Result area three, to facilitating recovery of SMEs through grants, under this, a total number of 612 business will benefit directly, while over 10,000 people will benefit indirectly.

“Outcome from the three result areas reinforce each other, enhancing the wellbeing of poor and vulnerable households, together with employment and livelihood grants can help boost demand for the agricultural produce of farmers and food suppliers and other goods and services offered by SMEs,” Mr Mohammed added.

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COVID-19: FCTA receives $15m intervention funds from FG