Bauchi Govt Set to Benefit From $500m Additional NG-CARES’s Financing

Share

Governor Bala Mohammed of Bauchi State has directed the State Implementation Unit for the NG-CARES programme to, as a matter of urgency, work out the necessary modalities of assisting the state to access additional financing from the programme.



The governor gave the directive at the official launching and distribution of ICT Enhancement facilities to 7,000 Beneficiaries under the Nigeria Community Action for Resilience and Economic Stimulus (NG-CARES) Bauchi-Cares Result Area 3 MSEs held at the Banquet Hall, Government House, Bauchi weekend.



Governor Bala Mohammed revealed that, at the moment, the World Bank has generously provided an additional financing package of $500 million to support the rollout of the next phase of NG-CARES 2.0 where participants will access $12 million with additional $46 million set aside as unallocated funds to be redistributed during the program’s mid-term review meeting.

Read more

Local News