Economy
THE Katsina State Government has clarified that the N15.4 billion the state received, was a reimbursement from the World Bank through the Federal Ministry of Budget and Economic Planning for Covid-19 project (NG-CARES).
The Commissioner of Budget and Economic Planning, Alhaji Bello Kagara, who made the clarification on Thursday in Katsina, said the money was not a relief fund.
The commissioner said that the NG-CARES) Programme, was an emergency initiative designed to support budgeted programmes and interventions at the state leve.
He said It targets existing and newly emerging vulnerable and poor households, agricultural value chains, and Micro and Small Enterprises (MSEs) affected by the economic crisis during the COVID-19 pandemic.
“NG-CARES is a Programme for Results (PforR) intervention, where States and FCT invest their resources, produce results in-line with the agreed protocols and guidelines.
“After that, he said, states would be reimbursed by the Federal Government after an Independent Verification Exercise,” he said.
The commissioner said that the state invested huge amount of money into the programme in 2023, which led to “this significant return on investment.”
Kagara noted that the programme was in its third circle of implementation where the state earned N25.7 billion, and was reimbursed N15.4 billion out of the amount, representing 60 per cent of the earnings.
He said that the programme has three result areas where the successes were recorded in the state.
The commissioner listed the areas to include: Community and Social Development Agency (CSDA), FADAMA and Katsina State Enterprise Development Agency (KASEDA).
According to him, in 2023, under the CSDA, livelihood support and micro projects across nutrition, health, education, water and sanitation, among others were given to large number of beneficiaries.
He added that the FADAMA component supported thousands of farmers with agricultural inputs/services to boost agricultural productivity and guarantee food security.
The commissioner stated that through the KASEDA, thousands of firms got operational support grants, while others recieved ICT enhancement tools to enhance their business in the state.
He, therefore, said that the state would increase its investments in those areas with a view to earn more returns. (NAN)
8th August, 2024.
C.E.
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