CACOVID devotes N23 billion to feeding Nigerians

The Private sector-led coalition against COVID-19 (CACOVID) has set aside N23 billion to purchase food items and reach out to 10 million vulnerable Nigerians.

According to the group, the distribution of the food items will be done over the next few days to reach at least 1.67 million households in all 774 Local Government Areas in the country.

Femi Otedola, a member of the group, shared the news via his twitter handle on Tuesday afternoon.

The private sector-driven initiative, @cacovid devotes N23 billion to feed 10 million Nigerians. In the next few days, food items will reach 1.67 million households across the wards of the 774 local government areas to reduce the effects of the coronavirus pandemic .…F.Ote💲 pic.twitter.com/N20ixlMUxM

Also Read

• CBN repays N2.97 trillion OMO bills after N2.5 trillion auctions on Monday
• FG inaugurates Ministerial Advisory Committee to strengthen economic reforms
• BOI unveils €85 million loan facility to expand Nigeria’s cocoa processing industry

— Femi Ote$ (@realFemiOtedola) April 21, 2020

Central Bank of Nigeria Governor, Mr. Godwin Emefiele, stressed that every bit of the fund donated by generous individuals will be properly accounted for.

“These numbers will be audited. As we speak, I have told the CACOVID communications to put the names of the donors on our website, no matter how small the donation, so that everything will be properly documented.  

“On the other side, whatever expenditure is incurred, even in buying needle or masks, it will be there on the website,” Emefiele stated.

READ MORE: CACOVID orders supplies for 400,000 COVID-19 test kits to increase Nigeria’s testing capacity 

He called for more donations from well-meaning individuals to the CACOVID relief fund, seeing as the purchase of food items alone has taken up N23 billion of the N25 billion donated thus far.

According to the group, all wards in each of the Local Government Areas will benefit from this outreach, and it will be done in conjunction with the state government.

Chairman of Dangote Group, Aliko Dangote explained that the coalition was going to feed 5% of Nigeria’s estimated 200 million population, is 10 million people.

“We should start giving food out within the next 10 days,“ he said, explaining that a lot of logistics and planning had been taken into consideration in order to make the most of available funds.

The group is also constructing an isolation center on the grounds of the Mainland Hospital in Yaba, as part of its support to the Government’s efforts to contain the pandemic.