Buhari issues new directives on COVID-19 donations - Breaking News in Nigeria today 247 | TheWatchNGR

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Wednesday, May 6, 2020

Buhari issues new directives on COVID-19 donations


Covid-19, Coronavirus in Nigeria, Buhari











The President, Muhammadu Buhari, has issued new directives on COVID-19 donations to Nigeria by philanthropists, companies and international organisations.



Director Information and Press, Office of the Accountant General of the Federation, Mr Henshaw Ogubike, made this known in a statement in Abuja on Tuesday.



In the statement, the president was said to have approved the opening of five COVID-19 Donor Accounts which form part of the existing Treasury Single Account arrangement in five commercial banks.



Ogubike disclosed that the approved banks were Zenith Bank, Access Bank, Guarantee Trust Bank, UBA, and First Bank.



He explained that the framework covered all public funds allocated and dedicated to the fight against COVID-19 including the Fiscal Stimulus Package as well as all donations by corporate bodies and individuals to the Federal Government towards the fight against COVID-19 and the mitigation of its social and economic effects on citizens.



He said the directive also included donations under the Private Sector Coalition Against COVID-19 (CACOVID) Fund domiciled at the Central Bank of Nigeria.



The News Agency of Nigeria reports that the Nigeria Private Sector Coalition Against COVID-19 (CACOVID), as of April 23, realised about N27,160 billion.









According to him, Federal Government recognises citizens expectation that these resources be prudently applied towards the fight against COVID-19.



“In accordance with citizens expectations, the government is committed to managing these funds with the highest sense of transparency and integrity.



“This framework is therefore designed to articulate the measures put in place by government for the transparent and accountable management of COVID-19 Donor Funds as an expression of its commitment towards bridging the trust gap.
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