How T Apply For NG Cares Stimulus Program in All State in Nigeria as Registration Is currently Ongoing- Agajahub publisher
What is NG Cares
The Covid-19 epidemic is a global health emergency with far-reaching consequences for the economy, basic services, social unrest, and the livelihoods of the poor and vulnerable.
About NG Cares
The Covid-19 epidemic, now in its third year, has hit Nigeria hard. And global economies. The federal government responded to the crisis by implementing a number of policies to stimulate the economy and provide relief to those affected by this global catastrophe. The federal government has also taken a series of important monetary stimulus measures to meet the fiscal stimulus.
In Nigeria, the epidemic shut down many MSEs, lost jobs, disrupted basic services in poor communities and thus increased the population of Nigerians living below the poverty line.
The Federal Government of Nigeria, on behalf of the 36 States and FCT, Nigeria’s Covid-19 Action, in response to the challenges posed by the Kovid-19 epidemic and the Federal Government’s approach to lifting 100 million Nigerians out of poverty out of 10. Requests and receives USD 750 million from the World Bank to lend to states and FCT to implement a two-year emergency response program called (NG). -Anxiety). Each state has allocated USD 20 million, FCT $ 15 million and US $ 15 million to the Federal Nursing Support Unit.
The NG CARES program seeks to reduce the impact of the COVID-19 crisis on the livelihoods of the poor, farmers, vulnerable families, communities and micro and small business owners. The State Financial Resources and FCT have a Results Program (PforR) while the federal level is financed by Investment Project Financing (IPF).
NG-CARES Previously, Successfully Implemented Government Interventions such as Community and Social Development Project (CSDP), Government Enterprise and Empowerment Program (GEEP), National Cash Transfer Program (NCTP), National FADAMA Program, State Employment and Expenditure Benefits Races (SEEFOR) and Youth Employment and Social Assistance Management (YESSO) without creating another project implementation framework.
It is designed to support state-level spending and intervention budget programs – targeting existing and emerging vulnerable and poor households, agricultural value chains, and micro and small enterprises (MSEs) affected by the economic crisis.
NG Cares Registration
The management wishes to inform the general public that NG-CARES (COVID-19 Action Recovery and Economic Stimulus) is now open for registration.
To support this initiative The World Bank is the main sponsor of the Nigerian government. because they are using the so-called subsidy The ‘World Bank Grant’ is seven hundred and fifty million US dollars ($750,000,000) to provide immediate assistance to those affected.
This scheme will be active for a duration of two (2) years, i.e. 2021 to 2023. From 30th of June 2021, each States of the Federation will be given twenty million US Dollars ($20,000,000) for two years, apart from the FCT that will receive fifteen million US Dollars ($15,000,000), while another fifteen million US Dollars ($15,000,000) will go to the Federal Care support.
Expectations from targeted businesses
Micro Businesses: Any micro business which wants to be a beneficiary of this scheme, must have at least three to nine (3-9) employees.
Small Businesses: Any small scale business that would want to benefit from NG CARES must have at least ten to fifty (10–50) employees/workers.
Requirements For NG Cares Program
The following documents are required from Applicants;
•BVN printout which must be stamped by the applicants bank,Proof of Business Operations i.e Cash book, bank statement of account, etc,
•CAC registration or TIN (To find out business ownership), Evidence of accurate age (using Either Voters Card, NIN, or Driver’s license),
Means of Identification (Voters Card, NIN, or Driver’s license),
•Means to confirm residence (Voter’s card or utility bill).Key note:
NG-Care is a federal and work bank scheme
It was set up to help alleviate high levels of poverty and access to wealth as a result of the Kovid-19 epidemic.
About 50 750 million has been provided by the World Bank.
The central government will play a monitoring role.
The state has to implement the use of funds as they are to find the weakest people at the grassroots level.
Various states have opened their portals for this purpose.
How to Apply NG Cares Stimulus Program
ng cares registration The procedures to be followed in applying are very simple, as the application form has already being shared with the following persons;
a) Micro businesses (3 – 9 employees)
b) Small businesses (10 – 50 employees)
Application Supporting documents:
1) Proof of identification (NIN, Driver’s License, Voter’s Card, etc.)
2) Proof of residence (Utility Bills, Voters Card)
3) Proof of age (NIN, Voter’s Card, Driver’s License)
4) Proof of Bank Verification Number (BVN Printout duly stamped by the Bank)
5) Proof of business operations (Cash Book Register, Bank Statement, etc.)
6) Proof of business ownership (CAC Registration Documents, TIN)