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Home Business News

FMN redeems N1 billion pledge to CACOVID relief fund, donates $1.5 million worth of medical supplies

Ruth Okwumbu-Imafidon by Ruth Okwumbu-Imafidon
April 17, 2020
in Business News, Company News, Politics, Socio Economic
Flour Mills of Nigeria Plc, 2018 FY: Flour Mills’ shareholders unanimously endorse N4.92 billion dividend , FMN redeems N1 billion pledge to CACOVID relief fund, donates $1.5 million worth of medical supplies

Group Managing Director, Flour Mills of Nigeria Plc, Paul Gbededo

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Flour Mills of Nigeria Plc has redeemed its N1 billion pledge to the CBN-led Private Sector Coalition against COVID-19 (CACOVID) fund.

In addition to this, the agro company announced that it has donated $1.5 million worth of medical supplies to support the Nigerian Government in the fight against COVID-19.

This announcement was contained in a statement released by the APO group on behalf of Flour Mills of Nigeria Group.

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According to the statement, the supplies include 35,000 laboratory-based testing capacity, 100/day field-testing capacity and 75 ventilators which are expected to beef up COVID-19 testing capacity.

READ MORE: How five Nigerian tech-startups are tackling COVID-19 outbreak

Also included are 331,000 pieces of Personal Protective Equipment (N95 Masks, Coveralls, Protective gloves, Protective eyewear), sufficient for use for 10,000 health care professionals for the next two months.

Flour Mills, 7 other quoted companies fined N14.3 million, Flours Mills Nigeria Plc issues N20 billion fixed rate bond, FMN redeems N1 billion pledge to CACOVID relief fund, donates $1.5 million worth of medical supplies

The supplies are expected to start arriving on Saturday, 18 April till Monday, 27 April and will be distributed through the Nigeria Centre for Disease Control (NCDC).

Purchasing these items from Dubai, the United States, Canada, Greece and China, in the midst of national restrictions of medical supplies procurement across the world, is fuelled by the desire to provide the Nigerian government with the much-needed support to contain the virus.

The group has also commenced a relief distribution of food supplies worth $840,000 to the most vulnerable people across 12 Nigerian states.

READ ALSO: Lawmakers now closer to an agreement with stakeholders on free electricity supply

Flagging off the FMN COVID-19 response action, Group Chief Operating Officer, Boye Olusanya, said that the company will continue to partner with the Federal Government and other health agencies to reduce the impact of the pandemic.

“The safety of Nigerians is paramount to us, so we encourage all Nigerians to adhere to the necessary protective measures against the virus and its spread,” Olusanya said. 

 

.@theFMNGroup has redeemed N1bn #CACOVID pledge + is making available to Nigeria the following:

—331,000 pieces of PPE (N95 Masks, etc)
—35,000 lab-based testing capacity
—100/day field-testing capacity
—75 Ventilators to be distributed through the NCDC https://t.co/a3OW38Abe0

— Tolu Ogunlesi, MON (@toluogunlesi) April 17, 2020

 

 


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Tags: CACOVIDCBN NigeriaCoronavirus pandemicCOVID-19 relief effortsFlour Mills of Nigeria PlcNigerian Business News
Ruth Okwumbu-Imafidon

Ruth Okwumbu-Imafidon

Ruth Okwumbu has a MSc. and BSc. in Mass Communication from the University of Nigeria, Nsukka, and Delta state university respectively. Prior to her role as analyst at Nairametrics, she had a progressive six year writing career. As a Business Analyst with Narametrics, she focuses on profiles of top business executives, founders, startups and the drama surrounding their successes and challenges. You may contact her via ruth.okwumbu@nairametrics.ng

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Comments 2

  1. Anonymous says:
    April 18, 2020 at 9:15 am

    And how much have You given to your employees as a relief package???

    Reply
  2. Imarughe Daniel osahedenoghagbe says:
    November 9, 2020 at 9:10 pm

    I give my employees as a relief 20500 monthly

    Reply

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