Thursday, March 26, 2020

Nigeria Needs N120bn To Combat COVID-19 – Emefiele

Godwin Emefiele, the Governor of Central Bank of Nigeria, CBN, on Thursday said Nigeria would require about N120billion to fight the coronavirus (COVID-19) pandemic. 

Nigeria Needs N120bn To Combat COVID-19 – Emefiele

According to the Governor, this was the outcome of the Nigerian private sector-led coalition against COVID-19.

The CBN, on behalf of the Bankers’ Committee, and in partnership with the private sector led by Aliko Dangote Foundation and Access Bank have come together to form the Nigerian Private Sector Coalition Against COVID-19.

He said;

This Coalition was created out of the urgent need to combat the unfolding COVID-19 crisis in Nigeria.

The rate at which the virus is spreading is unprecedented and it appears we are fighting our most lethal adversary to date.

Information gathered so far revealed that to procure all the needed equipment, material, and all infrastructure needed to fight this pandemic, over N120billion need to be raised.

The Bankers’ Committee and these important stakeholders will be required to step up to support this endeavor.

We are already engaging other important stakeholders in Nigeria and abroad, such as the NNPC and players in the oil industry. An account will be set up at the Central Bank of Nigeria to receive both Naira and foreign currency from our donors.

ALSO READ: Africa’s Richest Man Helps Nigeria Combat COVID-19

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  1. When it comes to calling big amounts that is where Nigeria leaders are so good at

  2. Calling akpala akpala like if they release that kind of amount they will utilize it. They should take it easy on mentioning that kind of amount

  3. We have no government
    If we had Our borders shut long ago ... We wouldn't be here today ...
    You can shut your borders against foreign rice but can't do same against a foreign deadly virus

    You are all on your own Nigerians...
    The result of voting buhari

    Stay safe...


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