Humanity
CBN, Dangote, Femi Otedola, others to Donate N120bn COVID-19 fund
The Central Bank of Nigeria and the private sector, led by Aliko Dangote Foundation and Access Bank, have set up a coalition aimed at raising N120bn towards the fight against COVID-19 in Nigeria.
The Governor, Central Bank of Nigeria, Mr Godwin Emefiele, said at a press briefing in Lagos on Thursday that the Nigerian Private Sector Coalition Against COVID-19 was created out of the urgent need to combat the COVID-19 pandemic in the country.
According to him, four major committees were set up, namely, funding, steering, operational and technical committees.
He said each member of the funding committee would contribute at least N1bn.
Emefiele said, “Information gathered so far has revealed that to procure all needed equipment, material and infrastructure needed to fight the corona pandemic, over N120bn must to be raised.
“The Bankers Committee and these important stakeholders will be required to step up to support this endeavour. We are already engaging other important stakeholders in Nigeria and abroad, such as the Nigerian National Petroleum Corporation and players in oil industry.”
The CBN governor said an account would be set up at the CBN to receive both naira and foreign currencies from donors.
He said the steering committee would be chaired by the Secretary to the Government of the Federation, Mr Boss Mustapha, who currently chairs the Federal Government Committee on Covid-19.
He said, “The funding committee will be responsible for the initial funding of the effort. Membership comprises the CBN governor, Aliko Dangote, Herbert Wigwe, Jim Ovia, Tony Elumelu, Segun Agbaje, Abdulsamad Rabiu and Femi Otedola.
“Each member of the committee is to ensure that their institution contributes at least N1bn to this effort. More members are allowed as long as they are willing to contribute at least N1bn.”
Kebbi government supports an IDP mother of triplets with relief materials as her newborn babies receive treatment for neonatal jaundice
The leading club in Rotary International District 9111, Rotary Club of Ikeja, has donated N1 million to support this year’s Rotary Youth Leadership Academy, RYLA 2026.
The donation was made by the Impact President, Rotarian Kayode Osokomaiya on behalf of the club last Monday, August 3rd, 2026 during the club’s meeting at the Sea School , Apapa where the week long RYLA 2026 is taking place.
Speaking at the event as a Guest Speaker on the theme, ‘Creating Lasting Impact: Igniting Purpose Driven Leaders’, the Managing Director of Knewrow, Mr. Tomiwa Anjorin said that young people have the capacity to make as much impact as the adults.
Mr. Anjorin said: “If impact was only a conversation for adults, this event would never have been organised. The fact that we are here today is proof that you are not too young to make a difference.
“With over 50 million teenagers in Nigeria, your generation represents one of our nation’s greatest opportunities. The question is not whether you can change Nigeria, but whether you will choose to.
“Many of us have been taught to pursue success first and impact later. I believe we have the order reversed. Impact comes before success.The world’s most successful organisations, such as Google and Microsoft, became successful because they solved meaningful problems and created value for millions of people. Success is often the reward for sustained impact.
“I encourage you to shape your future through four choices: choose character over popularity, service over selfishness, growth over comfort, and responsibility over excuses. These decisions build trust, develop competence, and prepare you for lasting leadership.’’
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