Private Sector Raises N25.8bn to Fight COVID-19

April 19, 2020
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By Adedapo Adesanya

The Central Bank of Nigeria (CBN) has said that contributions from private sector players under the Private Sector Coalition Against COVID-19 (CACOVID) has reached  N25.8 billion.

The relief fund was set up by the apex bank in order to get backing to efforts by the government in fighting the pandemic in nineteen states and the Federal Capital Territory (FCT).

According to CBN Director of Corporate Communications, Mr Isaac Okoroafor, in a statement in Lagos, the donations were from 107 donors, including individuals, banks and other corporate bodies.

“The coalition hereby conveys its gratitude to all the institutions and individuals that have generously donated to this fund.

“We urge others to consider contributing to this national solidarity to provide not only medical equipment and materials but also to render urgently needed palliatives to the poor and vulnerable segments of our society.

“We hereby restate our commitment to full disclosure and accountability for all donations made,” he said.

Adedapo Adesanya

Adedapo Adesanya is a journalist, polymath, and connoisseur of everything art. When he is not writing, he has his nose buried in one of the many books or articles he has bookmarked or simply listening to good music with a bottle of beer or wine. He supports the greatest club in the world, Manchester United F.C.

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