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50,000 to benefit from Anambra’s COVID-19 economic stimulus

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NO fewer than 50,000 persons from Anambra State are to benefit from COVID-19 Action and Recovery Economic Stimulus (ARES) programme that is scheduled to commence in July, under the sponsorship of World Bank in collaboration with federal government which is aimed at cushioning socio-economic effects of the pandemic.

  Beneficiaries of the two-year duration programme would be sponsored by Anambra State Small Business Agency (ASBA) to ensure that the opportunity is put to maximum use.

  Commissioner for Budget and Economic Planning, Mark Okoye, announced this while receiving the Federal Government Care Technical Committee on COVID-19 Action Recovery Economic Stimulus Team in his office in Awka, yesterday.

  Explaining that the team came to assess preparedness of Anambra State for a smooth take-off of the programme, Okoye also said that the programme would be going on simultaneously in the 36 states and Federal Capital Territory (FCT) by empowering the poor and the less privileged.

  Okoye further, explained that beneficiaries would be assisted through a cash transfer model and also supported in areas of food insecurity as well as micro credits Small and Medium Businesses (SMEs).

Earlier while briefing Okoye on their mission, leader of the team, Dr. Martina Nwodu expressed satisfaction at the level of the state’s preparedness toward the commencement of the programme.

  She listed some of the requirements needed for take-off of the programme to include adequate office spaces, staff members with requisite capacity to function in various areas and equipment.

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