Aliko Dangote Foundation Donates N1.5bn to Nigeria UN COVID-19 Fund

 

The Aliko Dangote Foundation (ADF) has joined hands with the United Nations in Nigeria with a total sum of N1.5 Billion (equivalent to USD $3.8 million) contribution to the Nigeria UN COVID-19 Basket Fund.

ADF collaboration with the UN will bolster the Nigerian Government’s efforts of strengthening the functional capacity of the healthcare systems and support to those affected by the coronavirus. The contribution from ADF, will go towards the procurement of the much-needed testing and medical supplies and equipment, to aid the healthcare response towards the COVID-19 pandemic.

“The impact of COVID-19 pandemic on Nigeria is enormous and affects us all, and no institution can battle it alone. It is therefore critical that we act in solidarity as a private sector actor and as a foundation, to beat this common enemy. Our goal is to contribute to the Government’s on-going efforts of tackling the spread of the coronavirus and the arising challenges.” said, Aliko Dangote, President and Chief Executive of Dangote group and Chairman of the Aliko Dangote Foundation.

The UN in Nigeria is working closely with the Government to accelerate response to the pandemic; tackle the spread of the virus and ensure optimum care for those affected.The Nigeria UN COVID-19 Basket fund is designed to serve within the One COVID-19 Financing and Investment Platform through which stakeholders,including the private sector,can channel their financial assistance to the multi-sectoral efforts of the Presidential Task Force on COVID-19.

The UN Strategy uses the Basket Fund (pooled fund) arrangement to support the rapid implementation of Nigeria’s National COVID-19 Multi-sectoral Pandemic Response Plan in the ten functional areas, through a bi-lateral Memorandum of Understanding (MoU) or Contribution Agreement between individual donors with the Basket Fund. A dedicated Fund and Project Management structure for the Nigeria UN COVID-19 Basket Fund managed by UNDP acts as the Secretariat to the Project Board and oversees disbursement of funds, procurement of services and goods and accountability.

Receiving the contribution on behalf of the UN in Nigeria, Mr. Edward Kallon, UN Resident and Humanitarian Coordinator for Nigeria noted that,Nigeria’s win against the coronavirus requires a whole-of-society approach that brings all stakeholders on board to support the national response. He further commended the Nigerian private sector for its active role in supporting the Government,to mobilise the critical resources to tackle COVID-19. “We need all hands on-deck to help the Government to keep the healthcare systems working and be able to address the development challenges exacerbated by the pandemic.” He said.

Besides partnering with the UN in Nigeria in support of the Government’s COVID-19 response, ADF is also a founding member of CACOVID, the Nigerian Private Sector Coalition against COVID-19.

 

 

 

 

spot_img
spot_img
spot_img
spot_img
spot_img

Hot this week

NAIPE Annual Confab to Examine Post-Recapitalisation Investment Strategy Oct 8

The Nigerian Association of Insurance and Pension Editors (NAIPE)...

10 African Nations Announce Increased $9m Pledges to IFAD

Left to right: Salah Ahmed Jama, Deputy Prime Minister...

Benin-Asaba Expressway: SAN Cautions Against Unilateral Revocation of 25-Year Concession

FG Should Exercise Caution Before Revoking Benin-Asaba Expressway Concession,...

Appeal Court, Abuja Clears Fidelity Bank in Fundamental Rights Case

The Court of Appeal in Abuja has cleared Fidelity...

PenCom, Partners Target N300bn, Q2 2027 for Rollout of Infrastructure Financing

The National Pension Commission (PenCom), pension operators and development...

Topics

BNI Nigeria Hosts 2021 National Business Conference on Sept 10

In its mission towards revamping of businesses post Covid19...

Heirs Life CEO, Onifade: ‘Retirees Should Adopt Annuity as Retirement Income’

  L: R: Tosin Bayo-Yusuf, Executive Director/COO, Heirs Life Assurance;...

Ecobank InnovateX Challenge: Youths Earn N20m Reward

L-R: Head, Local Corporate, Commercial and Consumer Banking, Ecobank...

African Leaders Reaffirm Support for Afdb as Adesina Begins 2nd Term

  African leaders have reaffirmed their support for the African...

Akinwumi Adesina of Nigeria: Historic Election as 8th President of African Development Bank

I have been given a great responsibility,” Akinwumi A. Adesina said upon his election as the 8th President of the African Development Bank Group. The victory was the first by a Nigerian in the 50th year history of the Bank. The President-Elect said he was “humbled by this remarkable vote of confidence in me” on the part of the Bank’s Board of Governors, who met during the Bank Group’s 50th Annual Meetings in Abidjan, Côte d’Ivoire.

YouTube Partners 8th All-Africa Music Awards Set for Jan 12

  Ahead of the highly anticipated 8th edition of the...

NCDMB to Feature Ex-NIMASA DG, Dakuku Peterside, in Book Reading Session

The Nigerian Content Development and Monitoring Board (NCDMB) has...

Africa Pension Awards 2O16

African countries now have the platform to showcase their...
spot_img

Related Articles

Popular Categories

spot_imgspot_img