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Business News

Flour Mills donates big to COVID-19 relief fund

Flour Mills has made one of the largest contributions to the Coronavirus intervention fund set up by the CBN in collaboration with the private sector.

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Flour Mills makes one of the largest contributions to COVID-19 relief fund, Bloody February: Sell off of shares by investors extend Flourmillers loss on NSE to N25 billion

The donations to the intervention fund set up by the Central Bank of Nigeria (CBN) in collaboration with the private sector keep increasing by the day, as Flour Mills of Nigeria Plc (FMN) became one of the largest contributors to the fund.

Aside from the Central Bank of Nigeria, the leading Food and Agro-allied group is another organisation that has donated N2 billion as part of its strategic initiatives and response plan to coronavirus (COVID-19) pandemic that is currently spreading around the country,

This donation is made up of N1 billion in cash and another sum of N1 billion which will be spent on food relief items and medical supplies to frontline medical and emergency responders around the country.

Some of the medical supplies and equipment to be given out by Flour Mills include 35,000 units of COVID-19 testing kits, pharmaceutical supplies for COVID-19, 75 ventilators and Personal Protective Equipment (PPE) for 10,000 medical and emergency workers.

[READ MORE: COVID-19: Atiku picks holes in FG’s approach to pandemic)

Flour Mills recognizes the economic hardship Nigerians are going through due to lockdown and restrictions placed by both Federal and State governments as a way of containing the spread of the disease and so decided to offer cash, food items and medical supplies as a show of support.

coronavirus, COVID-19: Infections rise to 42 as 2 new cases are confirmed, COVID-19: Western diplomats warn of disease explosion, poor handling by government

According to the Group Managing Director of Flour Mill, “The outbreak of the coronavirus is indeed a humanitarian crisis with a devastating impact across the world. To stem the tide of the virus, especially in the most vulnerable communities, the time to act is now. Having developed a deep enduring relationship with Nigerians for the past 60 years, FMN is determined to do whatever it can to help in the face of these challenges.

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“These are very trying times, and our thoughts are with all Nigerians. While I commend the efforts of the government for the initiatives implemented to slow the pace of the outbreak so far, private sector organizations and governments at all levels must continue to collaborate in a bid to quickly end the pandemic in Nigeria, across Africa and indeed the world.”

In the wake of the outbreak of the coronavirus disease in the country, the CBN, in partnership with the private sector, set up the Nigerian Private Sector Coalition against COVID-19 to raise funds in order to support efforts to contain this disease.

As the donations in the relief funds keep increasing with huge contributions from these corporate organizations and high net worth individuals, Nigerians have expressed doubts towards the prudent and transparent management of these resources.

In response to those concerns, the Minister for Finance, Budget and National Planning, Zainab Ahmed, at a press conference two days ago said that the Federal Government was going to appoint a special committee to manage those funds and also listed designated banks that then donations can be made to.

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Chike Olisah is a graduate of accountancy with over 15 years working experience in the financial service sector. He has worked in research and marketing departments of three top commercial banks. Chike is a senior member of the Nairametrics Editorial Team. You may contact him via his email- [email protected]

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Coronavirus

Update: Health Minister states side effects of COVID-19 vaccines

Dr. Osagie Ehanire has disclosed the side effect of the COVID-19 vaccines.

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Nigeria to vaccinate 20 million people against Covid-19. Chinese Engineering firm donates medical supplies to Nigeria

Minister of Health, Dr. Osagie Ehanire has stated the side effects of the COVID-19 vaccines, which he said is mild.

The minister disclosed this during the live broadcast when President Muhammadu Buhari took his vaccine shot on Saturday.

According to the Minister, the reactions are usually mild and only few people had complained of mild pain in the part of the body they got the shot.

He said, “It is not everybody that complained of reactions/side effects but few had complained of mild pain at the part of the body they got the shot.

”Usually manufacturing vaccines take not less than 4 years but this only took about 1 year, which is the reason some people are apprehensive about the vaccines. This was manufactured in the United Kingdom and has been certified.”

Ehanire, explained that the jab is painless as a narrow gauge syringe was used with a small quantity injected in the upper arm.

He added that the after-effects are mild but accompanied by little discomfort in the area that was injected.

Present at the brief ceremony were the Secretary to the Government of the Federation (SGF) Mr Boss Mustapha; Minister of Information and Culture, Alhaji Lai Mohammed; the Chief of Staff to the President, Professor Ibrahim Gambari and other members of the Presidential Task Force (PTF) on COVID-19, senior government officials and journalists.

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Coronavirus

Update: President Buhari, VP Osinbajo get COVID-19 vaccine shots

President Buhari and VP Osinbajo have been vaccinated against COVID-19 on Saturday at the State House, Abuja.

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President Muhammadu Buhari and Vice President Yemi Osinbajo have been vaccinated against COVID-19 on Saturday at the State House, Abuja.

President Buhari and VP, who received his COVID-19 vaccine shot on Live TV broadcast, urged Nigerians to emulate him and do the same to curb the pandemic in the most populous black nation.

 

Both were administered their jabs, on Saturday morning, at the Banquet Hall of the presidential villa, Abuja at a ceremony broadcast live on national television.

Their inoculation followed their e-registration and filling out of their vaccination cards by the Executive Director of the National Primary Health Care Development Agency (NPHCDA), Faisal Shuaib.

Vaccination of Buhari was done by Chief Personal Physician to the President, Dr Suhayb Rafindadi.

Osinbajo was also vaccinated by his personal physician, Dr Nicholas Audifferen.

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