- Private sector coalition raises N27.1bn
Nigeria hasdeclaredthat the public sector raised N1.689bnfor the months of April and May 2020 to contain the Coronavirus Disease.
It said the money had been kept in designated banks, the Treasury Single Account and Central Bank of Nigeria.
Accountant General of the Federation, Ahmed Idris, explained that the amount represented donations and support from the government and development partners for April and May.
Read Also:
However, the CBN had last month declared N27.160bn donations from the private sector coalition to fight the pandemic in the country.
In a statement issued by Director of Press and Information, HenshawOgubike, the AGF said, “Government has announced that N1. 689bn was received as COVID-19 eradication support donations from April 1 to May 31, 2020 through designated commercial banks, the CBN and TSA.”
The government, through the AGF, recently opened accounts in commercial banks in addition to the CBN/TSA account, through which donations for COVID-19 could be made to ensure efficient coordination and management of the funds.
He said, “Details of the N1.689bn received from when the accounts were opened on April 1 to May 31, indicated that N792m was received from April 1 to May 8, 2020, while N897.6m was received from May 9 to 31.
“From the N 897.6m, government received N710.076m through commercial banks, while N187.559m was received through the CBN/TSA.”
Meanwhile, the CBN had last month announced that the Nigeria Private Sector Coalition Against COVID-19 had so far raised N27.160bn to help fight the scourge.
Update on the contributions as at April 23 was revealed in a document released by CBN’s Director of Communications, Isaac Okorafor on behalf of the coalition detailing the list of contributors and their donations.
Get real time update about this post categories directly on your device, subscribe now.
