Governor Seyi Makinde of Oyo State has inaugurated a steering committee for COVID-19 Action Recovery and Economic Stimulus Programme for Result (CARES) to provide necessary intervention and support for the people in the state.
The CARES initiative is a World Bank programme across the 36 states of the federation including the Federal Capital Territory, FCT.
The 9- man steering committee to be headed by the Commissioner for Finance, Mr Akinola Ojo was inaugurated at the Executive Chambers of the Governor’s Office, Ibadan,
Speaking at the event, Governor Seyi Makinde said the focus of the World Bank assisted project was basically to mitigate the damages caused by the Covid-19 pandemic with the aim of caring for the poor and vulnerable, guarantee food security and support MSMEs.
While reeling out several interventions of his administration to cushion the effect of Covid-19 and sharing of palliatives, the governor noted that the CARES programme was not for mere money sharing but to ensure measurable results was achieved.
Earlier, the chairman of the steering committee and Commissioner for Finance, Mr Akinola Ojo explained that the World Bank facilitated programme Nigeria CARES (NCARES) had earmarked 750 million dollars for a two-year financial support to states.
Mr Ojo pledged that Oyo State would access maximum grant from the programme in line with the current administration’s vision of moving the people from poverty to prosperity.
Also the state coordinator of the programme, Mr Kikelomo Adegoke assured that the state on its part would ensure a thorough implementation of the programme in accordance with its mandate.
Iyabo Adebisi
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