Over 20,000 To Benefit From 885.5 Million United Nation Development Programme Basket Fund

By Albert Smith 

The United Nations Development Programme (UNDP), in partnership with the Lagos State Government and the Federal Ministry of Humanitarian Affairs, Disaster Management and Social Development (FMHDS) on the 29th September 2020 launched an Unconditional Cash Transfer project targeting the poor and vulnerable in Lagos state.

A total to 22,600 families and 5,000 small and medium enterprises (SMEs) and start-ups will receive funding for business continuity or innovative start-ups from United Nations COVID-19 Response Basket Fund.

The fund which was donated by EU, UN agencies, Dangote, AP Maersk, Bill & Melinda Gates Foundation, MacArthur Foundation, the government of Switzerland and Norway is set to aid businesses that have been badly hit by the pandemic and seek to alleviate the socio-economic impact of the pandemic on the beneficiaries and further strengthen their resilience.

The event which took place at Villa Dome Event Centre in Lagos had in attendance the Lagos State governor Babajide Sanwo-Olu, UNDP Resident Representative, Mr. Mohamad Yahya, EU Ambassador to Nigeria and ECOWAS, Mr Ketil Karlsen, Minister of humanitarian affairs Hajiya Sadiya Umar Farouk, Senior Special Assistant to the president on SDGs Princess Adejoke Orelope-Adefulire and other notable dignitaries.

In another development, Global Youth Network (GYN) Lagos state chapter State Coordinator 1 Mr. Zakariyau Ajia was among the outstanding individuals invited specifically by the UN to represent solution 17 finalists under the initiative of IC2030.

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