Kogi govt approves N1.5bn economic recovery, stimulus fund

The Kogi State Executive Council (exco) has approved and set aside N1.56 billion under the Kogi Care Initiative, towards economic recovery and stimulus to cushion the effect of the post-COVID-19 pandemic.

In a statement, Commissioner for Finance, Budget and Planning Asiwaju Idris Ashiru was quoted as saying that “the fund would be shared into N520 million to cover three major areas”.

The statement added: “The state commissioner highlighted these areas to include assistance to the vulnerable, covering the elderly, the less-privileged and the poor, while fund was also set aside for farmers and as well as small business owners in the state.”

He noted that these areas have been seriously affected by the socio-economic impact caused by the COVID-19 pandemic, hence the state government made funds available to enable swift recovery from these effects.

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