The sum of N21.5 billion has so far been donated by 50 Nigerian companies and notable individuals, as relief fund that will go towards tackling Coronavirus in Nigeria. This is according to information obtained from the Central Bank of Nigeria (CBN).
The big donors: Among the biggest donors so far are the CBN and Alhaji Aliko Dangote, both of whom gave N2 billion each. Other notable companies and prominent billionaires have fulfilled their N1 billion-worth of pledges are Tony Elumelu, Modupe & Folorunsho Alakija, Abdulsamad Rabiu, Segun Agbaje, Herbert Wigwe, Oba Otedeko, Femi Otedola, Mike Adenuga, Jim Ovia, Raj Gupta, and the Nigerian Deposit Insurance Corporation, NDIC.
More details: Other donors are David Adeleke of Pacific Holdings Ltd, Rahul Savara of Wacot Rice Ltd, Tolaram Africa Enterprise Ltd, Sterling Bank, Standard Chartered Bank, Union Bank Plc, Bank of Industry, and others.
The backstory: As you may well know, Nigeria’s apex bank took it upon itself to rally the support of the Nigerian business community after the Coronavirus pandemic hit the country earlier this year. Working under the aegis of the Nigerian Private Sector Coalition Against Covid-19, the donors are hoping that their contributions will help the government to acquire the necessary equipment and drugs needed to fight virus.