BreakingBusiness

COVID-19: Schneider Electric Foundation provides 11,760 Euro palliatives fund for Nigerian children

331

 

 

 

 

 

Schneider Electric Foundation has created a fund to combat the economic hardship facing rural and disadvantaged communities with focus on meals for underprivileged children in response to the coronavirus pandemic.

 

The initiative known as “Tomorrow Rising Fund’’, offers staff the opportunity to donate to the noble cause of alleviating the hardships being faced by children.

 

 

Donations will be managed by a non-governmental organization with a strong impact in Nigeria — LEAP Africa – and implement the initiative.

 

 

According to Schneider Electric, the implementation of the project will be done in two phases with the first focusing on the basic needs, specifically meals for underprivileged children and communities across the country.

 

The second phase will be implemented from June to December 2020, will focus on understanding the current situation and needs/risks of education partners in Anglophone Africa with the deployment of support in existing education projects.

 

In addition, there will be assessment to confirm digital training requirements for student engagement to reduce drop out and ensure continuous learning and possible support via the Schneider Electric Academy.

 

The firm said the staff donated €1,210 while the Schneider Electric Foundation donated €10,550, bringing the total remitted funds for LEAP Africa to €11,760.00.

 

The Project Coordinator, Access to Energy of the company, Mr Isaac Adeleke, said that under the phase one of the initiative the Foundation in partnership with LEAP Africa will provide 13,000 meals across Nigeria.

 

The total fund contributed of about 11,760 Euros was handed over officially to LEAP Africa on Friday, July 17, 2020.

Leave a comment

Related Articles

Domestic Crude Oil Sale Initiative: Tinubu’s Strategic Move Pays Off

President Bola Tinubu’s directive to sell crude oil and refined products in...

CBN Sets Daily POS Transaction Cap at N100,000 for Agents

The Central Bank of Nigeria (CBN) has introduced a new policy aimed...

FirstBank’s Decemberissavybe 2024 kicks off with Kenny Blaq’s “Reckless” Musicomedy

December is a joyous season in Nigeria, a time when individuals take...

Nigeria’s Inflation Rate Rises to 34.6% in November

Nigeria’s inflation rate has risen to 34.6% in November, up from 33.8%...

Illicit mint naira sale: CBN slaps N150m fine on erring banks

The Central Bank of Nigeria (CBN) has introduced a strict measure to...

FG Sets December 16 for N120 Billion Bond Sale

The Federal Government, through the Debt Management Office (DMO), has announced plans...

Naira plummets to N1,780 per dollar, reversing recent gains

The Nigerian Naira experienced a sharp value decline on Wednesday, falling from...

Naira Posts Strong Gains Against Euro Amid Forex Market Reforms, European Political Uncertainty

The Nigerian naira has made significant gains against the European currency at...

Netflix debunks exit rumour, reaffirms commitment to Nigeria

Streaming platform Netflix has dismissed rumours suggesting it plans to withdraw from...

Nigeria’s private sector records first job decline in months amid inflationary pressures

Nigeria’s private sector experienced its first decline in employment in seven months,...

Foreign Holdings in Nigeria Drop Amid Naira Crisis, Corporate Cos’ Exits

Nigeria has experienced a sharp decline in foreign direct investment (FDI) inward...

FG begins N50 electronic levy deductions on Opay, Moniepoint, Kuda transactions

The Federal Government has commenced the deduction of a N50 electronic levy...

Nigerian Exchange Records Modest 1.97% Increase in October Transactions

The Nigerian Exchange (NGX) has reported a total transaction value of N502.73...

Breaking: CBN Raises Benchmark Interest Rate to 27.50% Amid Inflation

For the umpteenth time, the Central Bank of Nigeria (CBN) has raised...

UBA to empower MSME’s with wealth management strategies at its ‘Built to Last’ series

As part of its commitment to deepen the growth and sustainability of...

FirstBank Hosts First-ever China-Africa Interbank Association Forum

FirstBank, the premier West African financial institution and financial inclusion service provider,...

First Bank changes its name to First Holdco Plc, brand name to FirstHoldco

First Bank of Nigeria (FBN) Holdings Plc is to change its name...

UBA to raise N239.4bln via right issues – Elumelu

The Group Chairman of United Bank for Africa, Tony Elumelu, has announced...

Nigeria’s Domestic Debt Reaches N66.957trn in H1 2024

Nigeria’s domestic debt stock has surged to N66.957 trillion in the first...

China’s imports from Nigeria soar to $15.1bln, 36.1% increase

China’s imports from Nigeria have reached an all-time high of $15.1 billion...