NG-CARES: BOI pledges commitment to programme’s continuous success

Forty one thousand beneficiaries have received N5.3 billion naira from the Nigeria Covid 19-Action Recovery and Economic Stimulus , NG-CARES programme over the last four years.

The Bank of Industry, which is an execution partner under the programme made this known at its engagement workshop for states and partners in Abuja.

The Nigeria Covid-19 Action Recovery and Economic Stimulus (NG-CARES)- programme is an initiative of the Federal Government and the World Bank.

The Bank of Industry acts as an execution partner to states under the programme and disburses grants from NG-Cares initiative to select beneficiaries.

The programme is now moving to its second phase, and the Bank of Industry says it is committed to ensuring it continues to impact the Nigerian economy positively.

The bank aldo adds that it will continue to ensure its critical partners and Nigerians benefit from its many intervention initiatives.

The Federal Cares Committee admits that NG-cares has been highly effective in tackling poverty in Nigeria with the bank of industry being instrumental to this impact through its transparent disbursements.

The Bank of Industry BOI is Nigeria’s oldest , largest and most successful development finance institution.

It’s primarily charged with the responsibility of transforming the country’s industrial sector through the provision of financial and advisory support for various projects and enterprises.

This also includes the expansion, diversification rehabilitation and modernisation of existing businesses.