The World Bank says the Federal Capital Territory Administration will receive the sum of N1.1bn out of $117m budgeted for the Covid-19 project by the World Bank Group and its development partners. The fund is meant to help the FCT to recover from the impact of the COVID-19 on it economy. World Bank Consultant and Coordinator of the Nigeria Covid-19 Action Recovery Economic Stimulus program, Professor Okunmadewa Oni, disclosed this at a stakeholders’ meeting in Abuja. These were contained in a statement by the Head, Public Relations Unit, Economic Planning, Revenue Generation and Public-Private Partnership Secretariat, FCTA, Nnachi Okafor on Wednesday. The World Bank programme coordinator announced that the FCT Administration was billed to receive the sum of N1.1bn out of the $117m budgeted for the Covid-19 project by the World Bank Group and its development partners. Oni further disclosed that a total of N35.3bn had already been disbursed through “results-based Disbursement-Linked Indicators advances” to all the 36 states of the federation and the FCT, representing an average of N500m to N1.3bn per state, within the month of February, 2022.

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