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Nigerian Billionaires stepping up to fight COVID-19

The Corona Virus became a Pandemic After first appearing in Wuhan, China, last December, the novel coronavirus has now spread to at least 175 countries and territories.

According to recent data, over 600,000 cases have been reported worldwide since last December, with the death toll above 30,000 and over 130,000 successful recoveries.

In Nigeria the total number of cases is now on a daily increase with Lagos and Abuja having the highest number of cases. To curb the spread of this pandemic some wealthy Nigerians and organizations, including banks have donated billions of Naira to help fund medical centers and help fight against coronavirus in the country.

In this article, we’ll be discussing what Nigeria’s billionaires are doing to help stop the Corona virus pandemic, looking at what plans are being put in place and their efforts in stopping the spread of the virus.

Aliko Dangote

Nigeria’s Business mogul Aliko Dangote as pledged N200 million to aid Nigeria’s health authorities to combat the spread of the pandemic. This was made known through the Aliko Dangote Foundation earlier Managing Director and CEO Zouera Youssoufou. Also, in a joint statement, Dangote and Herbert Wigwe, the managing director of the Access Bank Group, announced the launching of Coalition against Coronavirus (COCAVID). This initiative will provide well-equipped medical tents for housing patients and also serve as a testing center.

Femi Otedola

Another Nigerian business mogul that has participated in the fight against Covid-19 is Femi Otedola, who recently announced a donation of N1 billion towards the eradication of the deadly coronavirus pandemic in the country. Otedola disclosed this across his social media accounts and urged other wealthy Nigerians to join the fight against the pandemic.

Tony Elumelu

The Managing Director and CEO of the United Bank for Africa (UBA) has also joined the coalition and pledged a donation of 5 billion Naira to provide beds for isolation centers, medical care facilities which can be accessed by up to 450,000 citizens every day.

Alh. Samad Rabiu

BUA’s group CEO Alhaji Abdul Samad Rabiu’s has also joined business leaders in Nigeria in donating money to fight the COVID-19 pandemic. This was announced through BUA’s social media where the entrepreneur redeemed his pledge of N1billion ($2.6mn) to the fight against COVID-19 in Nigeria by confirming transferred funds to the CBN. The donations are to setup medical centers and relief centers in to Sokoto and Edo States were on behalf of its Cement subsidiary. While also setting up test and isolation centers in Ogun and Lagos state.

Other Organizations and People

Guaranty Trust Bank has pledged to build a 100 bed hospital in Lagos to help curb the corona pandemic, also the Nigerian government has approved about 10 billion Naira grant to help fight the spread of Co-vid 19 in the country.

According to a statement from President Muhammadu Buhari, the money will be disbursed to Lagos State, Nigeria’s commercial center, which still has the highest number of coronavirus cases in the country.

Other organizations who have pledged include First Bank, Access Bank and Zenith Bank with all leaders of these banks pledging N1 billion each to fight against this pandemic.

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