• Fri. Apr 19th, 2024

CBN Mobilizes Private Sector To Tackle COVID -19


Apr 2, 2020 #CBN, #News
CBN Governor Godwin Emefiele

The Private Sector Coalition Against COVID 19, has raised N15,325,000,000 to fight the virus in Nigeria.

Governor of the Central Bank of Nigeria Godwin Emefiele came up with the idea of the coalition to galvanize the private sector towards supporting the fight against COVID 19.

An update of contributors released on 1st April 2020 by the CBN Director, Corporate Communications, Mr. Isaac Okorafor, indicated that the donations came from 37 corporate donations

A breakdown of the donations shows that the CBN contributed N2bn, Dangote Industries LTD, N2bn; BUA Sugar Refinery N1bn, GTBank N1bn, UBA Plc, N1bn, First Bank N1bn, Zenith Bank N1bn, Access Bank, N1bn; and Amperion Power Distribution LTD, N1bn.

Others include Pacific Holding, N500m; Union Bank, Sterling Bank, Standard Charted Bank, Stannic IBTC, Citibank Nigeria LTD, FCMB, Fidelity Bank, Ecobank, and Africa Steel Mills Nigeria LTD  all contributed N250m each.