The Bank of Industry (BOI) has donated N700 million towards a relief fund set up to fight against the spread of the COVID-19 pandemic.
Giving a breakdown, Kayode Pitan, BOI CEO, said N500 million would be given to the private sector coalition against COVID-19 (CACOVID).
“This donation will go towards a fund that has been created to provide more testing, isolation and treatment centres across all geo-political zones,” Pitan said.
In addition, the bank said N100 million would be given to the FCT ministerial committee on COVID-19 and another N100 million to the Lagos state government.
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“At this pivotal moment in the history of our great nation, we stand in solidarity with the federal government and our colleagues across various industries.
“We are optimistic that if we all play our part, we will beat COVID-19, and we will see Nigeria recover and thrive.”
The development finance institution said the contribution will advance regional efforts to combat the spread of the pandemic through the supply of critical care equipment, facilities and essential relief aid.
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BOI also reaffirmed its commitment to continue to provide access to finance to Nigerian enterprises, in line with its strategic mandate.
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