CBN, Dangote plan N120bn COVID-19 fund, Elumelu, Rabiu donate N6bn

CBN, Dangote plan N120bn COVID-19 fund, Elumelu, Rabiu donate N6bn

The Central Bank of Nigeria and the private sector, led by Aliko Dangote Foundation and Access Bank, have set up a coalition aimed at raising N120bn towards the fight against COVID-19 in Nigeria.
The Governor, Central Bank of Nigeria, Mr Godwin Emefiele, said at a press briefing in Lagos on Thursday that the Nigerian Private Sector Coalition Against COVID-19 was created out of the urgent need to combat the COVID-19  pandemic in the country.
According to him, four major committees were set up, namely, funding, steering, operational and technical committees.
He said each member of the funding committee would contribute at least N1bn.
Emefiele said, “Information gathered so far has revealed that to procure all needed equipment, material and infrastructure needed to fight the corona pandemic, over N120bn must to be raised.
Source: Punch Newspaper