Monetary contributions to fight COVID-19 in Nigeria

Monetary contributions to fight COVID-19 in Nigeria

The Nigerian National Petroleum Corporation and 33 of its partners in the oil and gas sector have contributed $30 million, about ₦11.4 billion to curb the coronavirus pandemic and reduce its effects on the Nigerian economy and populace. according to a report by Channels Television .

The NNPC’s Group Managing Director, Mele Kyari, disclosed this in a tweet where he announced the intervention fund on behalf of the oil firm and its partners. Kyari explained that the initiative was in line with the Federal Government’s ongoing efforts to curb the spread of the fast-spreading virus in the nation.

They include, Shell Group of Companies, Seplat Petroleum Development Company Plc, ExxonMobil Group, Total Group, Chevron Group, Eni Group, Addax Petroleum, and Aiteo Eastern Exploration. Also included are, Niger Delta Petroleum Resources Limited, Oando Oil Limited, Oriental Energy Resources Limited, Pillar Oil Limited, Platform Petroleum Limited, Shoreline Natural Resources, Suntrust Oil Company Nigeria Limited, Vertex Energy Limited, Waltersmith Petroleum Oil Limited and Yinka Folawiyo Petroleum Limited, Amni International Petroleum Company, Dansaki Petroleum Development, Eroton Exploration, and Production Company, among many others.

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The GMD, stated that Depot and Petroleum Products Marketers Association (DAPPMA) donated N120 million for the provision of 36 ventilators and 1,500 coveralls, while MRS donated 2,000 test kits, 1,000 coveralls and N100 million for the acquisition of ambulances, added: “Matrix Energy provided N360 million for necessary medical equipment, Major Marketers Association of Nigeria (MOMAN) provided 50 ventilators and OVH Energy 200 ambulances for use.

OTHERS:

Monetary contributions to the account set up at the Central Bank of Nigeria (CBN) under the auspices of the Private Sector Coalition Against COVID-19 (CACOVID) have hit N15billion.

A breakdown of the contributions showed that the Central Bank of Nigeria and Aliko Dangote donated N2billion each, while Abdul Samad Rabiu (Bua Sugar Refinery); Segun Agbaje (GTB); Tony Elumelu (UBA); Oba Otudeko (First Bank); Jim Ovia (Zenith Bank); Herbert Wigwe (Access Bank) and Femi Otedola of Amperion Power Distribution donated N1 Billion each to the relief fund.

Other donors include Pacific Holding Ltd, Union Bank Plc, Sterling Bank Plc, Standard Chartered Bank, Stanbic IBTC, Citi Bank Nigeria Ltd, FCMB, Fidelity Bank, ECOBank, African Steel Mills and Multichoice Nigeria Limited.

The statement listed others as FSDH Merchant Bank, FBN Merchant Bank, Rand Merchant Bank, Coronation Merchant Bank, Sun Trust Bank, Providus Bank, Wema Bank, Unity Bank, Heritage Bank, Nova Merchant Bank, Polaris Bank, and Keystone Bank.

Globus Bank, Titan Trust Bank, Takagro Chemicals Ltd, Ahmadu Mahmoud and Handy Capital Ltd make up the list of those that have sofar made contributions to the Private Sector Coalition Against COVID-19 (CACOVID) Relief Fund domiciled at the CBN.

Source / More information : Channels Television

Channels Television

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