COVID-19: NDIC contributes N1bn to relief fund


THE board of the Nigeria Deposit Insurance Corporation, NDIC, has approved the release of N1 billion to the COVID-19 Relief Fund being put together to fight against the spread of the pandemic in Nigeria. Sunday Oluyemi, director, communication and public affairs, NDIC, said the donation is part of the corporations’ Corporate Social Responsibility, CSR.

In a statement, Oluyemi explained that in approving the corporation’s contribution to the fund, its board acknowledged that it was not only consistent with its policy on CSR, but also that the proceeds would be utilised in the provision of equipment and the urgently needed medical facilities throughout the nation.

“This will include the procurement of testing kits, isolation and treatment centres, as well as the provision of Intensive Care Units, ICUs, and molecular testing labs wherever required,” he said.

The Bankers’ Committee led by the Central Bank of Nigeria, CBN, had at its emergency tele-conference call meeting held recently, announced that the committee and the private sector had set up an account at the CBN under the auspices of the Private Sector Coalition Against COVID-19. The Fund receives contributions from individuals as well as corporate organisations to complement the efforts of the federal government as it strives to contain the spread of the pandemic in Nigeria.

– Apr. 10, 2020 @ 15:05 GMT |

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