- As private sector coalition raises N27.1bn
Office of the Accountant General of the Federation (OAGF) has declared that the public sector raised N1.689billion in the months of April and May 2020, to contain the COVID-19 pandemic.
It further said the money has been kept in designated banks, the Treasury Single Account (TSA) and Central Bank of Nigeria (CBN).
Accountant General of the Federation (AGF), Mr. Ahmed Idris, explained that the amount represent donations and support from the government and development partners for April and May.
However, the CBN had last month declared N27.160billion donations from the private sector coalition in efforts to pool resources to fight the COVID-19 pandemic in Nigeria.
In a statement by Director of Press and Information in the OAGF, Mr. Henshaw Ogubike, the AGF said: “Government has announced that N1. 689b was received as COVID-19 eradication support donations from April 1 to May 31, 2020 through designated commercial banks, the CBN and TSA.”
The Federal government, through the OAGF, recently opened accounts in commercial banks in addition to the CBN/TSA account, through which donations for COVID-19 could be made to ensure effective and efficient coordination and management of the funds.
Ogubike said: “Details of the N1.689 billion received from when the accounts were opened on April 1, 2020 to May 31, 2020, indicated that N792 million was received from April 1 to May 8, 2020, while N897.6 million was received from between May 9 and May 31, 2020.
“From the N 897.6 million, government received N710.076 million through commercial banks, while N187.559 million was received through the CBN/TSA.”
Meanwhile, the CBN last month announced that the Nigeria Private Sector Coalition Against COVID-19 (CACOVID) had so far raised N27.160billion to help fight the scourge.
Update on the contributions as at April 23, was revealed in a document released by CBN’s Director of Communications, Mr. Isaac Okorafor, on behalf of the coalition detailing the list of contributors and their donations.
- Media Report