(AGENDAWATCHDOG) – A N5 billion COVID-19 Recovery Support Fund, meant to alleviate the negative impact of the COVID-19 pandemic, has been launched by Lagos State Governor, Babajide Sanwo-Olu.
The fund is to be disbursed to private schools in Lagos State, the nation’s economic nerve centre.
This was revealed by Governor Sanwo-Olu on Friday via his verified Twitter handle, which read:
“Today, I launched a N5bn support fund to help reduce the impact of #COVID19 on low-cost private schools in Lagos,” the governor said.
“The educational sector is one of those severely impacted by the pandemic, with schools and vocational learning-centres shut since March.”
The facility, according to the governor, is projected to benefit 2000 low-cost schools, which will receive sums ranging from N500,000 to N5million, consequent to a collaboration between the Lagos State Employment Trust Fund (LSETF) and First Bank of Nigeria Limited, which facilitated the matching fund.
POTENTIAL IMPACT: The facility will, no doubt, help accelerate a sustainable return to learning and skills acquisition in secondary schools in Lagos State, and enable students learn in line with the new realities brought about by the outbreak of the COVID-19 pandemic.