How we spent N16bn on medical resources, by CACOVID

Isola Moses | ConsumerConnect

The Private Sector Coalition Against COVID-19 (CACOVID), led by the Central Bank of Nigeria (CBN)-led has disclosed that it spent over N16billion on procuring essential medical resources to fight Coronavirus (COVID-19) pandemic in Nigeria.

In a statement, the CACOVID announced its plans to provide palliatives in the form of food to vulnerable families across the country.

As of April 23, 2020, the group stated that it had received over N27.1billion donations from the CBN, commercial banks, other financial institutions, real sector operators, manufacturers as well as oil and gas operators among other donors in the country.

The Coalition Against COVID-19 said it would begin distributing food, including rice, garri, beans, noodles, and more to reach at least 1.7 million families.

The intervention, which is positioned to aid the government in addressing hunger and other effects of the pandemic, will not hinder the coalition’s ongoing effort to contain the spread of the virus through the training of medical personnel, the establishment of isolation centres, procurement of medical kits, and so on.

Mr. Herbert Wigwe, one of the CACOVID Funding Committee Members and Group Managing Director (GMD) of Access Bank Plc, explained the reason behind the food intervention programme.

Wigwe said: “While several measures are being taken to stop the spread, including lockdowns, restrictions, physical as well as social distancing, there remains the need to address the issue of hunger.

“We need to cater to the feeding needs of the people if the preventive measures put in place are to be effective.”

He stated: “CACOVID will be working with the 774 local government areas across the country where partners of the Coalition will be assigned to deliver the relief materials to targeted households.”

The CACOVID Funding Committee member said: “The food is all packaged as we are rolling out 10kg bags of rice, 5kg bags of garri, two cartons of noodles, three to five kilogrammes of sugar, one kilogramme bag of salt, and pasta per family.

According to him, what the group is doing is to get food right to the people who are in dire need at this time.”

It, therefore, solicits the “cooperation of capable institutions as it pursues its mandate of bringing an end to the pandemic in Nigeria.”

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