CACOVID spends N43.272bn to acquire medical equipment, others in fight against Covid-19

The Governor, Central Bank of Nigeria (CBN), Mr Godwin Emefiele has said that the Coalition Alliance Against COVID-19 (CACOVID) has spent a total of N43.272 billion on the acquisition of medical equipment and supplies and food paliatives for those vulnerable to the Covid-19 pandemic.

Emefiele who disclosed this in Lagos at press conference on the Activities by CACOVID said the Coalition Alliance Against COVID-19 (CACOVID) was established in March by Bankers Committee, comprises of CBN and the Deposit Money Banks to work with the government in providing support in areas that would result in improved health and societal outcomes.

Emefiele said that the funds raised by CACOVID was used to support three key priorities which include purchase of medical facilities and equipment, food and relief programme and communication plan.

He said CACOVID developed 39 fully equipped isolation centers across the 36 States of the Country including the Federal Capital Territory ( FCT) and a total of N4,194,262,899 was spent in Building Isolation Centers while N9,017,561,723 were used to purchase medical equipments such as PCR test kits for suspected cases of COVID-19 and other required medical items.

Speaking further, he said CACOVID spent N28.767 billion in procuring food items supplies as palliatives to 1.7million households, which is equivalent to supporting 8 million Nigerians.

He explained that the intention for distributing these items through the State Government , just like in the case of the isolation centers was based on the thinking that the state governments has the closest contacts with the most vulnerable in our society for whom these support were meant.

Expressing his sincere gratitude to well- meaning Nigerians and businesses, who supported CACOVID in its effort to curb the spread of COVID-19 in the country, he said CACOVID received funding support to the tune of N39.646 billion.

Commenting on the End Sars Protest which led to the vandalization of private and public assets in the country, he said CACOVID is committed to fully rehabilitate all 44 damaged and destroyed police stations nationwide in a bid to restore provision of security in affected

locations and strengthen the security

apparatus in the country.

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