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COVID-19: Nigeria Private Sector Coalition Contribution Hits N19.4bn

Next Edition by Next Edition
April 4, 2020
in Top News
COVID-19: Nigeria Private Sector Coalition Contribution Hits N19.4bn

Mr. Isaac Okorafor, Director, Communications of the Central Bank of Nigeria (CBN)

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The contributions of the Nigeria Private Sector Coalition Against COVID-19 (CACOVID) has risen to N19.4 billion.

The fund is to help the Federal Government fight the Coronavirus pandemic.

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A document released by Mr. Isaac Okorafor, Director, Communications of the Central Bank of Nigeria (CBN) in Abuja on Friday gave the update on the contributions.

According to Okorafor, Wacot Rice Limited, Tolaram Africa Enterprises and Bank of Industry made donations of N500 miillion each.

Some of the earlier contributors to the fund included the CBN and Aliko Dangote who gave two billion naira each making them the highest contributors so far.
Others include Abdul Samad Rabiu (BUA Sugar Refinery), Segun Agbaje (GTB), Tony Elumelu (UBA), Oba Otudeko (First Bank), Jim Ovia (Zenith Bank), Herbert Wigwe (Access Bank) and Femi Otedola of Amperion Power Distribution donated one billion naira each to the relief fund and Deji Adeleke of Pacific Holding Ltd made N500 million donation.

READ ALSO: Coronavirus: Nigeria Raises N15bn

Recall also that Union Bank Plc, Sterling Bank Plc, Standard Chartered Bank, Stanbic IBTC, Citi Bank Nigeria Ltd, FCMB, Fidelity Bank, ECOBank, African Steel Mills donated N250 million each while Multichoice Nigeria Limited contributed N200 million.

Former Vice President, Atiku Abubakar gave N50m towards the cause.

Meanwhile, Nigeria’s confirmed coronavirus cases rose to 210 on Friday.

The number of deaths also increased to four.

Tags: Communications of the Central Bank of Nigeria (CBN)Contribution Hits N19.4bnCovid-19DirectorfeaturedMr Isaac OkoraforNigeria Private Sector Coalition
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