THE Ekiti State Governor, Dr Kayode Fayemi, said on Monday that the World Bank had approved a grant of $20m for the state to prosecute projects targeted at cushioning the effect of COVID-19 pandemic on Ekiti citizens.
Fayemi said the fund, which would be released under the Nigeria CARES initiative, would be deployed to undertake projects in rural communities to reduce poverty and propel the local economy.
The governor, who was represented by his Special Adviser on Development Partnership, Mrs Margaret Fagboyo, spoke in Ado Ekiti during a review programme organised by Ekiti State Social and Community Development Agency for community projects executed in the state since 2009.
He said, “I am happy to inform our people that the World Bank has approved a new project called the Nigeria CARES as a post COVID-19 intervention grant for Ekiti State. The grant is in excess of $20m as a stimulus fund to cushion the effect of the COVID-19 pandemic on our various communities.”
Fayemi praised the partnering communities for believing in his rural development policy by contributing over N200m as counterpart funding to boost the Community and Social Development Programme.