Nigeria’s private sector COVID-19 fund balloons to N21.58b

The Nigeria Private Sector Coalition Against COVID-19 (CACOVID) has raised N21.588 billion to help fight COVID-19 pandemic.

The update of the contributions was given on Monday in a document released by Mr Isaac Okorafor, Director Communications of Central Bank of Nigeria (CBN).

The document showed that Modupe and Folorunsho Alakija, Mike Adenuga and Nigeria Deposit Insurance Corporation (NDIC) donated N1billion each.

The CBN and Aliko Dangote were the highest contributors.

They donated N2 billion each.

Among the N1billion donors were Abdul Samad Rabiu (BUA Sugar Refinery), Segun Agbaje (GTB), Tony Elumelu (UBA), Oba Otudeko (First Bank), Jim Ovia (Zenith Bank).

Others were Herbert Wigwe (Access Bank) and Femi Otedola of Amperion Power Distribution.

Dr. Deji Adeleke of Pacific Holding Ltd contributed N500 million.

Union Bank Plc, Sterling Bank Plc, Standard Chartered Bank, Stanbic IBTC, Citi Bank Nigeria Ltd, FCMB, Fidelity Bank, ECOBank, African Steel Mills donated N250 million.

Multichoice Nigeria Limited contributed N200 million.

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