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NG-CARES: FCT minister of state disburses 215m to beneficiaries

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 The FCT Minister of State Dr Ramatu Aliyu has disbursed N215 million to 5 054 beneficiaries of the COVID 19 Action Recovery and Economic Stimulus NG CARES in the nation s capital Aliyu while disbursing the funds explained that the figure was made up of 3 650 beneficiaries of Social Transfer scheme and 1 404 beneficiaries of Livelihoods grant She said that the social transfer would run for 12 months of six cycles adding that all the beneficiaries would be receiving stipends of N20 000 00 bimonthly payments Aliyu also said that beneficiaries under the livelihood Grants programme would receive between N50 000 00 to N135 000 00 one off payment depending on the business category The minister said that the programme was part of the Economic Sustainability Plan of the present administration The programme is anchored under the COVID 19 Action Recovery and Economic Stimulus NG CARES scheme It is designed to expand access to livelihood support food security services and grants to poor and vulnerable households and firms It also seeks to promote recovery of Medium Scales Enterprises MSEs in the country and revive the economy especially in the rural areas where more than 70 per cent of our population dwells Aliyu further said that beyond the NG CARES initiatives the FCT Administration in the course of the year implemented other support programmes to residents of the territory According to her they include the FADAMA CARES CSDP CARES and the AEA CARES at different times and locations She described the event as a promise kept and mission accomplished by the ruling All Progressives Congress APC Aliyu recalled that at the inception of the present administration the party released a blue print for lifting 100 million people from poverty through comprehensive policies of Conditional Cash Transfer and Home Grown School Feeding She listed the other programmes as the N Power schemes Government Economic and Empowerment Programme GEEP Trader Moni Market Moni and a host of others According to her the programmes have impacted positively on the lives of the ordinary citizens and have surprised the nay sayers as testimonies of the huge successes achieved in the implementation of these programmes abound Presenting an overview of the programme the FCTA Permanent Secretary Mr Olusade Adesola said the impact of the COVID 19 pandemic in Nigeria led to the closure of many MSEs loss of jobs stalled provision of basic services in poor communities It has thereby increased the population of Nigerians living below the poverty line The programmes are in response to the hardship perpetuated by the COVID 19 pandemic which is also in line with the vision of the Federal Government to lift 100 million Nigerians out of poverty in ten years The government of Nigeria on behalf of the 36 states and the FCT sought and obtained assistance from the World Bank to the tune of 750 million dollars for on lending to the states and FCT To implement a two year emergency response programme named the Nigeria COVID 19 Action Recovery and Economic Stimulus NG CARES He said that the NG CARES programme seeks to mitigate the impact of the COVID 19 crisis on the livelihoods of poor individuals farmers vulnerable households communities and owners of Micro and Small Enterprises He said that in the FCT the programme has been domesticated and code named FCT CARES Adesola said that the administration had achieved major milestones which include orientation of new staff training of soft skills for beneficiaries of livelihoods grant and procurement of payment service provider Others he said were enrolment training for Cash Transfer Facilitators CTFs Data Capturing of beneficiaries and training of beneficiaries on Livelihood activities He thanked the FCT Minister Mohammed Bello and the Minister of State Aliyu for not resting on their oars in order to see to the successful implementation of the NG CARES programme in the FCT The permanent secretary also commended President Muhammadu Buhari for sustaining implementation of the Social Safety Net Programme for the benefit of the poor The News Agency of Nigeria reports that the highpoint of the event was the symbolic presentation of cheque to some of the beneficiaries NewsSourceCredit NAN
NG-CARES: FCT minister of state disburses 215m to beneficiaries

Minister of State

The FCT Minister of State, Dr Ramatu Aliyu, has disbursed N215 million to 5,054 beneficiaries of the COVID-19 Action Recovery and Economic Stimulus (NG-CARES) in the nation’s capital.

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Social Transfer

Aliyu, while disbursing the funds, explained that the figure was made up of 3,650 beneficiaries of Social Transfer scheme, and 1,404 beneficiaries of Livelihoods grant.

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She said that the social transfer would run for 12 months of six cycles, adding that all the beneficiaries would be receiving stipends of N20, 000.00 bimonthly payments.

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Aliyu also said that beneficiaries under the livelihood Grants programme would receive between N50, 000.00 to N135, 000.00, one-off payment, depending on the business category.

Economic Sustainability Plan

The minister said that the programme was part of the Economic Sustainability Plan of the present administration.

COVID-19 Action Recovery and Economic Stimulus

“The programme is anchored under the COVID-19 Action Recovery and Economic Stimulus (NG-CARES) scheme.

It is designed to expand access to livelihood support, food security services, and grants to poor and vulnerable households and firms.

Medium Scales Enterprises

“It also seeks to promote recovery of Medium Scales Enterprises (MSEs) in the country and revive the economy, especially in the rural areas, where more than 70 per cent of our population dwells.

FCT Administration

Aliyu further said that beyond the NG-CARES initiatives, the FCT Administration in the course of the year implemented other support programmes to residents of the territory.

FADAMA CARES

According to her, they include the FADAMA CARES, CSDP CARES and the AEA CARES at different times and locations.

All Progressives Congress

She described the event as a promise kept and mission accomplished by the ruling All Progressives Congress (APC).

Conditional Cash Transfer

Aliyu recalled that at the inception of the present administration, the party released a blue-print for lifting 100 million people from poverty through comprehensive policies of Conditional Cash Transfer, and Home Grown School Feeding.

Government Economic and Empowerment Programme

She listed the other programmes as the N-Power schemes, Government Economic and Empowerment Programme (GEEP), Trader Moni, Market Moni and a host of others.

According to her, the programmes have impacted positively on the lives of the ordinary citizens and have surprised the nay-sayers, as testimonies of the huge successes achieved in the implementation of these programmes abound.

Permanent Secretary

Presenting an overview of the programme, the FCTA Permanent Secretary, Mr Olusade Adesola, said the impact of the COVID-19 pandemic in Nigeria led to the closure of many MSEs, loss of jobs, stalled provision of basic services in poor communities.

“It has thereby, increased the population of Nigerians living below the poverty line.

Federal Government

“The programmes are in response to the hardship perpetuated by the COVID-19 pandemic, which is also in line with the vision of the Federal Government to lift 100 million Nigerians out of poverty in ten years.

World Bank

“The government of Nigeria, on behalf of the 36 states and the FCT, sought and obtained assistance from the World Bank to the tune of 750 million dollars for on-lending to the states and FCT.

Nigeria COVID-19 Action Recovery and Economic Stimulus

“To implement a two-year emergency response programme, named the “Nigeria COVID-19 Action Recovery and Economic Stimulus (NG-CARES).

Micro and Small Enterprises

He said that the NG-CARES programme seeks to mitigate the impact of the COVID-19 crisis on the livelihoods of poor individuals, farmers, vulnerable households, communities and owners of Micro and Small Enterprises.

He said that in the FCT, the programme has been domesticated and code named FCT-CARES.

Adesola said that the administration had achieved major milestones which include orientation of new staff, training of soft skills for beneficiaries of livelihoods grant, and procurement of payment service provider.

Cash Transfer Facilitators

Others he said were enrolment training for Cash Transfer Facilitators (CTFs), Data Capturing of beneficiaries, and training of beneficiaries on Livelihood activities.

FCT Minister

He thanked the FCT Minister, Mohammed Bello, and the Minister of State, Aliyu for not resting on their oars in order to see to the successful implementation of the NG-CARES programme in the FCT.

Muhammadu Buhari

The permanent secretary also commended President Muhammadu Buhari for sustaining implementation of the Social Safety Net Programme for the benefit of the poor.

News Agency of Nigeria

The News Agency of Nigeria reports that the highpoint of the event was the symbolic presentation of cheque to some of the beneficiaries.

NewsSourceCredit: NAN

https://nnn.ng/naira-black-market-exchange-rate-today/

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