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COVID-19: 125,058 Lagosians to benefit from cares initiative ― Sanwo-Olu


COVID-19: 125,058 Lagosians to benefit from cares initiative ― Sanwo-Olu
COVID-19: 125,058 Lagosians to benefit from cares initiative ― Sanwo-Olu
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Lagos State governor, Mr Babajide Sanwo-Olu, on Wednesday, revealed that no fewer than 125,058 Lagosians would benefit from the Lagos Cares Initiative launched to cushion the effect of the COVID-19 pandemic.
The governor made this known while speaking at the inauguration of the Steering Committees of the Lagos Cares Programme chaired by the Commissioner for Budget and Economic Planning, Sam Egube.
The programme is an offshoot of the Nigeria COVID-19 Action Recovery and Economic Stimulus (N-CARES) Programme for Results (P4R), supported by the World Bank. ....

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Lagos CARES to support 125,058 residents in 2 years – Sanwo-Olu


Sanwo-Olu. Photo/TWITTER/JIDESANWOOLUThe Lagos State Government on Wednesday unveiled its COVID-19 Action Recovery and Economic Stimulus (CARES) targeting to support 125,058 residents in 24 months.
Speaking during the unveiling at Lagos House, Ikeja, Lagos State Governor, Mr Babajide Sanwo-Olu said the Lagos CARES initiative was part of the Nigeria CARES (N-CARES) Programme for Results (P4R).
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Sanwo-Olu said the N-CARES programme, facilitated by the World Bank was an integral part of the national approach adopted to alleviate the burden of the COVID-19 pandemic and enhance the wellbeing of residents.
He said the Lagos CARES programme to be implemented between 2021 and 2023 would provide economic relief and recovery support to identified vulnerable persons. ....

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COVID-19: Lagos to support over 125,000 vulnerable residents


COVID-19: Lagos to support over 125,000 vulnerable residents
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…As Sanwo-Olu launches LAGOS CARES Initiative
….Setup implementation steering c’ttee
By Olasunkanmi Akoni
Lagos State Governor, Mf Babajide Sanwo-Olu, has said that about 125,058 vulnerable persons in the state will benefit from the “LAGOS CARES” Initiative to cushion the effect of the COVID-19 pandemic.
Sanwo-Olu, disclosed this yesterday, during the launch of the initiative scheduled to last for #4 months, held at the Lagos House, Ikeja.
The programme is an offshoot of the Nigeria COVID-19 Action Recovery and Economic Stimulus (N-CARES) Programme for Results (P4R).
According to Sanwo-Olu, the LAGOS CARES would directly support 20,843 households, while 125,058 would, indirectly, benefits from the programme. ....

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World Bank Okays $1.5bn COVID-19 Recovery, Stimulus For Nigeria


World Bank Okays $1.5bn COVID-19 Recovery, Stimulus For Nigeria
By Our Correspondents
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The World Bank Group has approved a $1.5 billion pack­age to help build a resilient recovery post- COVID-19 in Nigeria.
This is according to a statement issued by the group on Tuesday in Wash­ington D.C.
It added that the group also discussed a new five-year Country Partnership Framework (CPF) from 2021 to 2024.
Nigeria President Muhammadu Buhari
It said that Nigeria was at a critical juncture and with the sharp fall in oil prices as a result of COVID-19, the economy was projected to contract by over 4 percent in 2020. ....

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