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Private sector support for CBN-led campaign against COVID-19 hits N15 billion

Farmers gets N174.48bn from CBN

Fund amassed so far from private sector companies, mobilised by the Central Bank of Nigeria (CBN) towards tackling the coronavirus crisis, hit N15 billion in Wednesday.

According to a CBN spokesman, Isaac Okoroafor, the consortium comprises banks, private organisations as well as individuals.

The Aliko Dangote Foundation as well as the CBN have contributed N2 billion each to the course while Tony Elumelu (UBA), Herbert Wigwe (Access Bank), Jim Ovia (Zenith Bank), Segun Agbaje (GTB), Femi Otedola (Amperion Power Distribution), Oba Otudeko (First Bank) and Abdul Samad Rabiu (BUA Sugar Refinery) have contributed N1 billion each to the pool.

The apex bank is seeking to raise at least N120 billion in intervention fund to combat the spread and the ravages of the pandemic in Nigeria, having launched private sector-driven campaign last Thursday.

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Also on the list of existing donors are Sterling Bank Plc, Citi Bank Nigeria Limited, Fidelity Bank, Union Bank Plc, Stanbic IBTC Bank Plc, Pacific Holding Limited, First City Monument Bank Plc, Ecobank Nigeria Limited, FBN Merchant Bank, Rand Merchant Bank and FSDH Merchant Bank.

Okoroafor also mentioned Providus Bank, Heritage Bank, Coronation Merchant Bank, Globus Bank, African Steel Mills, Sun Trust Bank, Multichoice Nigeria Limited, Nova Merchant Bank, Unity Bank, Wema Bank, Polaris Bank, Keystone Bank, Takagro Chemicals Limited and Handy Capital Limited among the donor companies.

He expressed the group’s gratitude to firms and individuals “for hearkening to the clarion call championed by the CBN and the private sector,” adding that “Nigeria can overcome the coronavirus pandemic scourge with all hands on deck.”

Ronald Adamolekun

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Ronald Adamolekun

Ronald Adamolekun is a creative writer with a mixed bag of experience in fields as diverse as data journalism, financial reporting and editing.

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