NIGERIA COVID-19 ACTION RECOVERY AND ECONOMIC STIMULUS (NG-CARES)

NIGERIA COVID-19 ACTION RECOVERY AND ECONOMIC STIMULUS (NG-CARES)

The Nigeria COVID-19 Action Recovery and Economic Stimulus (CARES) program is a $750 million state-driven initiative backed by the World Bank, specifically for the elevation of businesses affected by COVID-19. Through the NG-CARES Program, the World Bank in collaboration with the Nigerian Government aims to deliver targeted relief, restore livelihoods and stimulate the economic recovery of vulnerable households and MSMEs in Nigeria.

The NG-CARES program is committed to supporting Nigerians through the following initiatives:

Result Area 1

Increase Social transfers, basic services, and livelihood support to poor and vulnerable households

Result Area 2

Increase food security and safe functioning of food supply chains for poor households.

Result Area 3

Facilitate the recovery and enhance capabilities of MSMEs