Godwin Emefiele, CBN Governor, has revealed the activities of the Coalition Alliance Against COVID-19 (CACOVID) since it’s formal establishment in March 2020.
He made this disclosure in a press conference held on November 25, 2020 in Lagos. Here are the 5 key items worthy of note as compiled by TheNewsBeam.
1. CACOVID raised a Sum of N39.6 billion: The CBN governor disclosed that a total of N39,646,100,039.00 was raised by “over 200 well-meaning Nigerians and corporate organizations.
2. “N43.3 billion Spent so far: Emefiele stated that the initiative has incurred a sum of 43.3 billion expenses on three core priorities which include; Acquisition of Medical Facilities and Equipment, Food relief programs (CACOVID Palliatives), and Public enlightenment.
According to the CBN governor, the sum of N4,194,262,899 and N9,017,561,723 were spent on building well equipped isolation centres across the 36 states and FCT and the purchase of medical equipments respectively.
Also, the committee has spent N28,767,590,517 on the purchase and disburse of essential food items to 1.7m households in the country.
3. CACOVID to help Restore Vandalised Businesses and Firms: Bankers committee and Stakeholders in Private firms under the auspices of the CACOVID alliance have agreed to help rebuild and revitalise businesses and firms that were Vandalised during the EndSARS Unrest.
According to the Press Statement “banks and financial institutions would be required to extend relief through concessionary loans to affected Businesses and firms.”
Also, members of the committee has agreed to develop “business continuity plan” to help businesses and firms avert physical and cyber attacks by sharing essential information and materials.
4. Resuscitation of the Police Force: The committee has promised to rehabilitate all 44 police stations Nationwide and also provide over N100b to procure equipment and gadgets for the force. This is aimed at streghtening the Police force and improving security in the country.
5. CACOVID set to Empower over 4 million Nigerian Youth: The CBN Governor also disclosed that CACOVID plans to sponsor the training of over 4 million Nigerian youths on Technical and Vocational education.
He added that over N150bn will be deployed to this project.
Also, the committee has promised to support selected students after the empowerment training throughout their entrepreneural pursuit by providing certification and loans.
CACOVID is a Private Sector task force in partnership with the Federal Government, the Nigeria Centre for Disease Control (NCDC) and the World Health Organisation (WHO) with the sole aim of combating Coronavirus (COVID-19) in Nigeria. Over 50 private firms and organisations across the nation including The CBN Governor, Aliko Dangote, Herbert Wigwe are members of committee.