NDIC donates N1bn to combat COVID-19

By Prudence Ijah, Abuja.

The Nigerian Deposit Insurance Corporation has donated the sum of N1 billion Naira to the COVID-19 relief fund which is put together to combat Corona Virus pandemic in Nigeria.

Recall that the Bankers Committee led by the Central Bank of Nigeria (CBN) at its emergency Tele Conference call meeting held on Monday, 30th March, 2020, announced that the Committee and the private sector had set up an account at the CBN under the auspices of the Private Sector Coalition Against COVID-19.

The Fund receives contributions from individuals as well as corporate organisations to complement the efforts of the Federal Government as it strives to contain the spread of the pandemic in Nigeria.

According to a statement made available to Frontline News on Wednesday in Abuja and signed by the Director, Communications and Public Affairs Dr Sunday Oluyemi, the NDIC admitted that the corporation’s board approval of the donation to the fund is consistent with its policy on corporate social responsibility.

The statement added that the fund will be utilized in the provision of equipment and urgently needed medical facilities throughout the nation.

This will include the procurement of testing kits, isolation and treatment centers, as well as the provision of Intensive Care Units (ICUs), and molecular testing labs wherever required.

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