NDIC donates N1 billion for COVID-19 relief fund

The Nigeria Deposit Insurance Corporation (NDIC) has joined the growing list of corporate organisations and individuals who are donating to the relief fund set up by the Central Bank of Nigeria (CBN) to help the government in the fight against the Coronavirus pandemic.

In a statement signed by its Director of Communication and Public Affairs, Sunday Oluyemi, the NDIC disclosed that it would contribute N1 billion to the intervention fund. Some parts of the statement said:

“It would be recalled that the Bankers Committee led by the Central Bank of Nigeria (CBN) at its emergency Tele- Conference call meeting on March 30, announced that the Committee and the private sector had set up an account at the CBN under the auspices of the Private Sector Coalition Against COVID-19.

“The Fund receives contributions from individuals as well as corporate organisations to complement the efforts of the Federal Government in containing the spread of the pandemic.”

The statement went further to disclose that the NDIC board would continue to render assistance, in accordance with its policy on Corporate Social Responsibility (CSR). The donation would be used to provide equipment and medical facilities across the country.

“In approving NDIC’s contribution to the Fund, the Board of the Corporation acknowledged that it was not only consistent with its policy on Corporate Social Responsibility (CSR); it also noted that the proceeds will be utilized in the provision of equipment and urgently needed medical facilities throughout the nation. 

“This will include the procurement of testing kits, isolation and treatment centres as well as the provision of Intensive Care Units (ICUs), and molecular testing labs wherever required.”

Note that so far, about N20 billion has been donated to facilitate the good course of fighting the pandemic in Nigeria. Some of the top donors include notable billionaires such as Aliko Dangote and Folorunsho Alakijanotable billionaires such as Aliko Dangote and Folorunsho Alakija.

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