Private-Sector coronavirus relief fund amounts to N27.2bn, says CBN -

The Central Bank of Nigeria (CBN) on Tuesday published the list of contributors to Nigeria Private Sector Coalition Against COVID-19 (CACOVID), which has amounted to N27.2 billion, as at April 23, 2020.

The list shows the CBN and Aliko Dangote as the highest contributors, with N2 billion each.

In a statement signed by Isaac Okorafor, director, corporate communications, the coalition conveyed its gratitude to all the institutions and individuals that have generously donated to this fund.

“We urge others to consider contributing to this national solidarity to provide not only medical equipment and materials but also to render urgently needed palliatives to the poor and vulnerable segments of our society. We hereby restate our commitment to full disclosure and accountability for all donations made,” the statement reads.

On March 26, 2020, the CBN on behalf of the Bankers’ Committee and in partnership with the private sector-led by Aliko Dangote Foundation and Access Bank, formed the CACOVID.

Hope Moses-Ashike

Hope Moses-Ashike is an Associate Editor, Banking and Finance, with more than a decade of experience reporting on Nigeria’s financial system and broader economy. She closely tracks market movements, monetary policy decisions, company disclosures, regulatory actions, economic indicators, and global developments, and interprets what they mean for businesses, investors, policymakers, and households. Her reporting helps readers understand complex issues such as inflation trends, foreign exchange market dynamics, interest rate decisions, bank performance, and investment risks. She also covers major international events and periodically travels to Washington, D.C., to report on the World Bank/IMF Spring and Annual Meetings. Her dedication to financial journalism has earned her multiple recognitions and invitations to high-level professional development programmes. She is an alumna of the International Visitors Leadership Programme (IVLP) in the United States and holds an Advanced Financial Journalism Certificate from the Press Association Training in London, UK. Her other notable achievements include completing the Lagos Business School CMC Programme, the Bloomberg Media Africa Initiative Programme, and a Master Class in Journalism at Rhodes University in South Africa.