Project Funded Through World Bank Facility
Lagos State Government has rolled out a $20 million Coronavirus (COVID-19) Action Recovery and Economic Stimulus (Lagos CARES) Programme to support livelihood for poor and vulnerable households and to expand food security services in the State.
At the State House, Alausa, on Wednesday, Governor Babajide Sanwo-Olu launched the social intervention project that is focused on offering a safety net to residents whose means of livelihood had been disrupted by the impacts of COVID-19 and also to building the resilience of the State.
Lagos CARES will directly support 20,843 households and indirectly support 125,058 individuals within the State.
The programme encompasses three key result areas, including increasing cash transfers and livelihood support to poor and vulnerable households; increasing food security and safe functioning of food supply chains for poor households, and facilitating the recovery of Micro and Small Enterprises (MSMEs), while strengthening institutional support for coordination and delivery.
He said: “Today marks another milestone in our effort to combat the negative impact of the COVID-19 Pandemic on our households, livelihood, food security and businesses. The CARES project is an integral part of the national approach, adopted to alleviate the burden of the COVID-19 pandemic and enhance the wellbeing of our people.
To effectively implement the programme, Sanwo-Olu set up the State’s CARES Steering Committee (SCSC), co-headed by the Commissioner for Economic Planning and Budget, Sam Egube, and Special Adviser on Sustainable Development Goals and Investment, Mrs Solape Hammond.
The Governor also inaugurated the State’s CARES Coordinating Unit (SCCU) that will work directly with the delivery platforms of the three result areas for result monitoring and coordination.
Sanwo-Olu expressed his confidence in the ability of the member’s committees, who, he said, had been part of the main drivers of the Government’s agenda for a Greater Lagos.
Egube said the project would address the loss of jobs and threat to the food supply chain occasioned by the spread of the pandemic. He said the programme would leverage existing World Bank’s operations anchored on community-based approach and multi-sector interventions.
The programme, she said, will benefit 4,652 farmers towards driving up agricultural inputs and services, adding that 5,460 farmers would be engaged in agricultural assets for production and mitigation of food loss and waste.
The Special Adviser said there would be the provision of well-targeted conditional grants to co-finance loans for eligible 1,132 MSMEs.