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    Israel and Iran agree on ceasefire – Trump

    Israel and Iran agree on ceasefire – Trump

    Breaking: Iran launches missiles at US bases in the Middle East

    Breaking: Iran launches missiles at US bases in the Middle East

    US military strikes Iran

    US military strikes Iran

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    Yahoo boys launder money for ‘politically exposed persons’ – EFCC boss

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    Gombe receives N60 billion from FG to establish Agro-Livestock Industrial Zone

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    Trump bans citizens of 12 countries from entering the U.S, full list

    France launches mandatory online visa appointments for travelers

    France launches mandatory online visa appointments for travelers

    Federal Government declares June 6 and 9 public holidays

    Federal Government declares June 6 and 9 public holidays

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    UK tightens visa rules for care workers, skilled workers and students

    UK tightens visa rules for care workers, skilled workers and students

    United States scraps visa dropbox service for Nigerian applicants

    President Donald Trump cancels protection for 500,000 Haitian migrants

    Spain golden visa scheme ends as Portugal and Greece demand increases

    Spain golden visa scheme ends as Portugal and Greece demand increases

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    CBN ends free ATM withdrawals for other banks’customers

    FG increases private university application fee from N5m to N25m

    FG increases private university application fee from N5m to N25m

    United States scraps visa dropbox service for Nigerian applicants

    United States scraps visa dropbox service for Nigerian applicants

    Buhari says Nigeria security and economy improved during his tenure

    Buhari says Nigeria security and economy improved during his tenure

    Air Sierra Leone commences flight operations to Lagos

    Air Sierra Leone commences flight operations to Lagos

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    Nigeria renews $2 billion currency swap deal with China to boost bilateral trade

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    Legend Internet Plc reports N32.9 million profit for Q1 2025

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Details of FG N500 bn Covid-19 Intervention Fund

Sunday, 11 October 2020, 9:05 am
in Economy, Policies
0
Amended Companies and Allied Matters Act Bill 2020 assented by President Buhari
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TrackaNG, an independent project monitoring, and tracking organization, has released some documents which the organization said is updates on the N500 billion FG COVID-19 intervention fund programmes across the 36 states in Nigeria.

TrackaNG is a project by BudgIT Nigeria, – a civic tech organization with focus on raising the standards of transparency, citizen engagement and accountability most especially in public finance.

The Federal Government (FG) had in 2020 revised budget allocated N500 billion for Covid-19 intervention fund.

Details according to the documents released by TrackaNg

Maintenance of roads through contract and direct labour in the 6 Geo-Political Zones in Nigeria – N60 bn

MSMEs survival fund – N75 bn ( registration for this fund is ongoing and will end on Thursday 15 October 2020). Here is the step by step registration process.

Special works programme – N52 bn

Jobs and food for all: Agriculture and food security – N56.463 bn

Energy for all: Mass rural electrification/solar power strategy – N12.425 bn

Federal Ministry of Water Resources received N9.890 bn for wash programmme out of which N4.644 bn was for the engagement of youth volunteers for handwashing and ODF campaign and other hand washing activities at the rate of one hundred per L.G.A for 3 months.

Support to Nigerian Police – N10.bn

Support to Airforce operation N2.7 bn

Health infrastructure across Federal Medical Centres (FMC), Teaching Hospitals, and others – N86 bn. Some details of how the N86 bn was  spent include:

Local manufacture of vaccine (biovaccine) – N10 bn

NAFDAC: Upgrade of laboratiries for testing of vaccines – N2 bn

Cost of equipping 10 bedded intensive care units (ICU) in 36 states and FCT – N 18.389 bn.

Cost of securing PPE for all federal tertiary health institutions across the nation – N7.778 bn.

Cost of equipping isolation centres in 36 states and FCT – N5.2 bn.

Procurement of molecular laboratory equipment for the University Teaching Hospitals and Federal Medical Centres in Nigeria – N17.9844 billion at the rate of N345.849 million per hospital.

NCDC: Reagents and equipment for Covid-19 related laboratory services – N2 bn

The National Center for Disease Control (NCDC) also received an additional N6.5 bn. The purpose of this amount was not specified in the document.

By; Ifunanya Ikueze

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