Dangote, Otedola, Elumelu, Ovia, others donate N19.48 billion to COVID-19 relief fund

The Central Bank of Nigeria has received the total sum of N19.48 billion as relief fund contributed to the account set up under the Private Sector Coalition Against COVID-19. This was disclosed in a statement issued by CBN’s Director, corporate communications, Isaac Okorafor, and seen by Nairametrics.

In the statement, Okorafor explained that 47 donors, which include individuals, banks and other corporates, have redeemed their pledges, while the apex Bank await an outstanding N3.4 billion from four others, as at April 3, 2020.

Some of the donors are CBN, which paid N2 billion; Aliko Dangote, President, Dangote Industries (N2 billion); Abdulsamad Rabiu, Chairman, BUA Sugar Refinery (N1 billion); Segun Agbaje, Group Managing Director, GTBank; Tony Elumelu, Chairman, United Bank of Africa, (N1 billion); Oba Otudeko, Chairman, First Bank of Nigeria, (N1 billion), and Jim Ovia, Chairman, Zenith Bank Plc, (N1 billion).

Others are Herbert Wigwe, Group Managing Director, Access Bank Plc; Femi Otedola, Chairman, Amperion Power Distribution Limited, (N1 billion); Raj Gupta, Chairman, African Steel Mills Nigeria Limited, (N1 billion); Modupe and Folorunsho Alakija of Famfa Oil Limited (N1 billion) and John Coumantatous of Flour Mills of Nigeria Plc (N600 million) among others.

Nairametrics had reported that the CBN plans to raise about N120bn to curb the coronavirus pandemic. CBN Governor, Godwin Emefiele, had said on behalf of the Bankers’ Committee and in partnership with the private sector led by Aliko Dangote Foundation and Access Bank, they had come together to form the Nigerian Private Sector Coalition Against COVID-19.

Okorafor explained that the development was the fulfilment of giving weekly update of the donations. He stated, “The coalition was full of appreciation to the individuals and corporate bodies for hearkening to the call championed by the CBN and the private sector.”

He tasked more Nigerians and corporate bodies to key into the coalition with a view to supporting the fight against the pandemic, stressing that Nigeria could overcome the scourge with all hands on deck.

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