The Nigeria Private Sector Coalition Against COVID-19 (CACOVID) Relief Fund domiciled at the Central Bank of Nigeria has been scaled up to N21billion.
As at Monday, April 6, the initial list of 37 donors has increased to 50.
PerSecondnews reports that donations of N1 billion each from Chief Mike Adenuga, Raj Gupta of African Steel Mills Nigeria Ltd., Modupe and Folorunsho Alakija of Famfa Oil Limited and the Nigeria Deposit Insurance Corporation (NDIC) swelled the Relief Fund.
CBN’s Director, Corporate Communications, Mr Isaac Okorafor, announced this in a statement issued on behalf of the coalition.
Other donors include former Vice- President, Alhaji Atiku Abubakar; Rahul Savarah, Tolaram Africa Enterprises Ltd., Ekeoma Eme Ekeoma, Jennifer Ramatu Etuh Foundation, ADG International Resources Ltd., and Proshare Nigeria Limited.The statement expressed appreciation to individuals and corporate donors and appealed to more Nigerians and corporate bodies to contribute to the fund.
It said the fund would be used to fight COVID-19 and further spread in the country.
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