CACOVID Relief Fund Hits N19.4bn

Contributions to the Private Sector Coalition Against COVID-19 (CACOVID) set up by the Central Bank of Nigeria (CBN) to raise funds to tackle Coronavirus has hit N19.488 billion as at yesterday, up from the N15.325 billion earlier collected.

The sum of  N3.4 billion pledges by  individuals and organisations yet to be redeemed.
The Director, Corporate Communications of CBN, Mr. Isaac Okorafor, disclosed this in a statement.
The list of contributors to the fund has increased to 47 individuals and organisations (excluding the four yet to redeem their pledges), higher than the 37 recorded on earlier.
The updated list showed that Takagro Chemicals Limited, Alhaji Atiku Abubakar, Ekeoma Ekeoma, Ahmadu Mahmoud, Jennifer Ramatu Etuh Foundation, ADG International Resources, and Prosharena Limited, were the latest contributors.

Plans   of CACOVID is to mobilise private sector leadership and  resources; increase general public awareness, education, and buy-in; and provide direct support to private and public healthcare ability to respond to the crisis as well as support the federal government’s efforts.
Okorafor noted that the coalition thanked the donors for hearkening to the clarion call championed by the CBN and the private sector.
He, however, urged 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 support from all.