#COVID-19: Kogi Approves N1.6b Economic Recovery Fund

 

Emmanuel Adigwe

 

The Kogi State Executive Council on Wednesday has approved 1.56billion naira under the Kogi Care Initiative planned geared at economic recovery and stimulus.

The SEC noted that this was a set aside fund to cushion the effect of the post Covid-19 pandemic in the state.

Speaking with newsmen, Commissioner for Finance and Budget Planning, Asiwaju Idris Ashiru, stated that the fund would be shared into 520 million naira to cover three major areas.

The commissioner also noted that the fund will include assistance to the Vulnerable covering the elderly, less privilege and the poor, also fund was also set aside for farmers and as well as Small business owners in the state.

He revealed that these areas have been  adversely affected by the socio economic impact caused by the Covid-19 pandemic hence the state government made fund available to enable swift recovery from these effects, noting that  the program which is World Bank supported when implemented would reverberate the economy and as well ensure food security.

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