Students Loan - FG gives the states and FCT N135.4 billion - Naija Stick

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Students Loan - FG gives the states and FCT N135.4 billion

Dec 5, 2023

Students Loan - FG gives the states and FCT N135.4 billion:After the second Independent Assessment of Results acquired under the Nigeria COVID-19 Action Recovery and Economic Stimulus (NG-CARES), the Federal Government has disbursed N135.4 billion to states and the Federal Capital Territory (FCT).


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The News Agency of Nigeria (NAN) reports that the World Bank is funding NG-CARES, a $750 million Performance for Results program.

This was announced in a statement released on Sunday by Dr. Abdulkarim Obaje, the NG-CARES Program’s National Coordinator.

According to Obaje, the funds were allocated by the results attained by the federal government and the states in their endeavors to aid underprivileged and marginalized Nigerians via the NG-CARES program.

“In this Second Round of Assessment, the top three states with the best performance are Zamfara Cross River and Nasarawa, which received:

       • Zamfara N10,231,055,267.82.

       • Cross River N10,944,747,818.84

       • Nasarawa N13,697,828,496.96

“In the efforts of President Bola Tinubu’s administration to provide funds towards addressing multi-dimensional poverty in the country, this is a milestone achievement,” stated Obaje.

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