The 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, 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.
The programme, which will be implemented for 24 months, is being funded through $750 million facilities secured from the World Bank by the Federal Government for the Nigeria-CARES project. Other states also benefited from the stimulus programme.
Lagos CARES is expected to directly support 20,843 households and indirectly support 125,058 individuals within the State.
The programme, the government said, 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.
Sanwo-Olu said the programme was designed to be inclusive and packaged to specifically impact women and the youth.