Tag: CACOVID

  • Controversy as BUA, CACOVID trade words over procurement of 1m AstraZeneca COVID-19 vaccines for Nigeria

    Controversy as BUA, CACOVID trade words over procurement of 1m AstraZeneca COVID-19 vaccines for Nigeria

    There is confusion over the purchase of one million doses of AstraZeneca COVID-19 vaccines for Nigeria.

    The Coalition Against COVID-19 (CACOVID) yesterday disowned BUA’s purported plan to purchase one million COVID-19 vaccines singlehandedly for Nigeria.

    BUA was quoted on Monday that it has paid for 1 million doses of AstraZeneca COVID-19 vaccines for Nigeria through the AFREXIM Vaccine programme in partnership with CACOVID.

    BUA said a prominent member of CACOVID is not happy that the company undertook the purchase of the vaccines singlehanded, which informed plans to discredit what it has done to save the lives of Nigerians.

    The company, in a rejoinder, titled: “BUA replies CACOVID,” said it received with utter shock reports allegedly attributed to CACOVID disowning its earlier payment through CACOVID for one million AstraZeneca COVID-19 vaccines for Nigeria through the AFREXIM Vaccine platform.

    It explained that at the CACOVID steering committee meeting held on Monday, members were informed by the CBN Governor that CACOVID had been given the opportunity through the Afrexim platform to access and pay for one million doses, provided payment was made same day or Tuesday-failure which the opportunity to get those doses by next week might be lost.

    “After extensive deliberations, there was no agreement reached despite members being offered the opportunity to donate funds towards procuring the doses at the agreed rate of US$3.45 per dose, totalling US$3,430,000,000, which translates to N1.31 billion.

    “The Chairman of BUA also requested through the CBN Governor that the naira equivalent be paid to the relevant account with CBN, and that CBN forward the dollar payment to Afrexim on CACOVID’s behalf. This payment was made immediately after the meeting and BUA transferred the money to the CBN in order to meet the deadline.

    “However, with this development by CACOVID Operations Committee, we now have just cause to believe that some members of CACOVID are not happy that BUA took this initiative in the interest of Nigeria and to ensure that the deadline was met to receive the one million doses of the vaccines next week,” it explained.

    BUA Group said it did this gesture in good faith as it had done with its interventions throughout the pandemic, saying that “we will however like to state clearly that we are aware that a prominent member of CACOVID is not happy that BUA took the initiative to pay for the vaccines-fulfilling our pledge just as we said during the meeting.

    “It is time for us to come together to help Nigerians and it does not matter who is helping or paying. We stand ready to keep supporting and despite this petty action, we have decided to let the money remain in the CACOVID Account with the CBN pending when they are ready to utilise the funds for Nigerians to access the vaccines.”

  • COVID-19: Dangote led CACOVID  Supplies FG with Oxygen to stem high death rate

    COVID-19: Dangote led CACOVID Supplies FG with Oxygen to stem high death rate

    Fighting against the second wave of coronavirus pandemic, the private sector Coalition Against COVID-19 (CACOVID), has supported the Federal Government with the supply of critical oxygen for case management of Covid-19 patients, to Isolation centres across the Country.

    Updating media on the latest donations by CACOVID, yesterday in Lagos, Managing director and CEO of Aliko Dangote Foundation, who doubles as an administrator of CACOVID, Zouera Youssoufou said the provision of oxygen to all the isolation centres across the country was made available by a key partner of CACOVID, Mr. Raj Gupta of African Industries Group, at no costs, immediately the request for oxygen was made from the Presidential task force on covid-19.

    She said: ” As you all know, we are experiencing a severe oxygen supply problem in the country with this 2nd wave. CACOVID, through one of our founding members, Mr. Raj Gupta of African Industries Group immediately stepped up and has been providing oxygen in Abuja, mainly to the National Hospital and Gwagwalada Specialist Hospital in FCT. Since December 21, 2020 when we first received the request for oxygen from the Presidential Task Force on Covid-19, 1300 cylinders have been delivered, and we will continue to do so as long as this is required.”

    Youssoufou said the same offer has been made to Lagos state, where there is oxygen shortage and that CACOVID as at last week has provided 122 cylinders already refilled for use and sent to the Yaba medical centre.

    She said: ” In addition to the oxygen that has been provided by African Industries Group, CACOVID has also purchased over 1,000 cylinders to be distributed to the states that have the most need”

    Making a commitment on behalf of CACOVID, Raj Gupta of African Industries Group said ” …We will continue to support Nigeria with oxygen for free for as long as this is required. No Covid patient in any public hospital or isolation centre should have to pay for oxygen… We have been in Nigeria for 50 years and this year marks our 50th anniversary. We manufacture Oxygen as one of our steel making process but when we noticed COVID-19 patients are dying of Oxygen, we have to step in, through CACOVID.

    “As a member of CACOVID, this is our support in moving the country forward and we see this as a humanitarian crisis and as a responsible company, we have to step in, to ensure that no-one died due to lack of Oxygen. If it takes us to temporarily stop our steel production, we will happily do that for our people to live and be healthy in Nigeria”

    On cost implication, Gupta said it is a secondary issue and that what is of most concerns to the company is, saving lives.

    Youssoufou recalled that Since “March 2020, when CACOVID was convened, the coalition has raised about N39 billion, which has been spent on supporting the establishment of 39 isolation centres across the country, including the largest and most used in Lagos, during this second wave.

    She said: “We also purchased millions of PPEs, testing supplies, palliatives for 10.7 million people, and provided risk communication in support of the messaging campaigns to keep Nigerians aware and protected from the virus.”

    Youssoufou explained that though African Industries Group has made all the appropriate technological adjustments to ensure the Oxygen they supply is what is required.

  • See How CACOVID Is About To Do What Govt Couldn’t Do To Provide Security, Harness Youth Demography in Nigeria – Magnus Onyibe

    See How CACOVID Is About To Do What Govt Couldn’t Do To Provide Security, Harness Youth Demography in Nigeria – Magnus Onyibe

    By Magnus Onyibe

    Policing in Nigeria is about to receive a boost through the injection of N100 billion naira investment into Nigerian police force , NPF to improve its fledgling services.
    And the gesture is not courtesy of government.
    But it is out of the abundance of the heart and goodwill of members of CACOVID-an initiative driven by the private sector and initially aimed at helping in ameliorating the pains of COVID-19 pandemic on the vulnerable in the society. The funding is a positive outcome of the #EndSars protests that degenerated into riots.

    And the revelation was made by the CBN governor, Godwin Emefiele , (who is the leader of CACOVID) while giving account of the sum that was raised via donations from public spirited members of the bourgeoisie club and leading business conglomerates in Nigeria.
    There are myriads of areas that CACOVID is intervening in our society to help the critical mass of our compatriots that have fallen into severe poverty or lack , as a result of COVID-19 pandemic.

    But this piece, is only concentrating on CACOVID’s efforts to enhance the service delivery of Nigerian police force , NPF and the dynamic vision of the ‘Good Samaritan’ organization to engage our youths in productive ventures that would keep them out of mischief and boost their contribution to the Gross Domestic Product ,GDP of our country by converting their current negative energies – as reflected by their engagement in cultism , religious insurgency, banditry, cyber criminality (internet fraud /scams), kidnapping, vandalism and human trafficking as well as immigration via illegal routes, into positive outcomes.

    As for the policemen and women who risk their limbs and lives to protect members of society from harm,(when they have not gone rogue) the assurance that the dearth of tools and equipment to discharge their duties that have hitherto hindered their ability and capacity for robust service delivery, would soon be over through CACOVID intervention of procuring the tools that are vital for securing and safeguarding lives and properties internally, is heart warming .

    To say the least , it was mind boggling and alarming that the police did not have basic riot control tools , as simple as tear gas, helmets , hot water canons as well as pepper sprays to manage the riots during the unfortunate incidents of #Endsars protests in October . Such is the abysmal level of the ill preparedness of our law enforcement agencies which is to a large extent owed to lack of implements to work it , and lack of motivation, hence the near zero dedication to duty. And the shambolic and dire situation of lack of tools to carry out their duties in the police force is perhaps replicated in the entire armed forces charged with quelling internal insurgency and external aggression, a function which Nigerians unanimously agree the military has failed woefully to deliver satisfactorily.

    The assertion above is validated by the reality that boko haram , ISWAP and bandits have practically taken over the hinterlands of our country particularly in the north east and northwest Nigeria where the outlaws are reportedly outgunning our military and as such bold enough to even demand and collect taxes from the hapless inhabitants to facilitate their ability to attend their farms or engage in other economic activities.
    Alarmingly , life in the hinterlands of northern Nigeria currently reminds me of the lyrics of the hit song ,Gang Star Paradise , by the rapper Coolio which goes like this “ As I walk through the valley of the shadow of death
    I take a look at my life and realize there’s nothin’ “. How chilling !
    Who could have thought that life in Nigeria would mimic the Hobbesian state of life that a musician sang about the underworld in the USA? But that is the reality that our compatriots like the folks in Borno state and Zabarmairi in particular are faced with as reflected by the slitting of the throats of 43 rice farmers who dared to go to the farm without clearance from the army as presidential spokesman, Garba Shehu recently reminded the grieving families of the victims and the world.

    In the midst of the heart break arising from the barbarism and savagery being unleashed on folks in the hinterlands , it is heartening that it is not only the provision of working tools that’s being targeted for shoring up or boosting for the police force by CACOVID team. And with nearly N40 billion naira raised , CACOVID, which is more or less a private sector Special Purpose Vehicle, SPV, for social intervention can do pretty much everything to turn around the fortunes of the long suffering police force which would result in boosting their morale and guaranteeing peace and security; just it would at the same time facilitate the harnessing of the potentials of the rapidly growing number of youths to avoid youth bulge crises. The celebratory ululation in acknowledgement of the good gesture even goes higher as the very miserable welfare package of the rank and file of the police force who are very poorly remunerated and housed in slum-like homes, as evidenced by the very dilapidated and filthy housing estates that look and feel like pigs stacks, would also receive CACOVID’s attention .

    All the above extra ordinary measures are ordinarily the functions and roles that a functional government is supposed to be performing for the wellbeing and prosperity of society in general,and citizens in particular, but which, in any way you look at it, has been abdicated.

    With governance in Nigeria in the recent past being highly challenged by the overwhelming level of insecurity nationwide , and particularly in the northern parts of the country, which is being driven by religious insurgents like Boko Haram , ISWAP, and bandits such as cattle rustlers as well as herdsmen clashing with farmers; the salutary value of the intervention of the private sector driven CACOVID can not be overemphasized.

    So, is this a throwback to the days of the Petroleum Task Force, PTF under the regime of former military head of state , army general, Sani Abacha and which was under the chairmanship of then army general , now president Muhamadu Buhari ?
    It may be recalled that at that time, our current president, Muhammadu Buhari functioned as the executive chairman of the social intervention agency, which took over practically every function of Government except those bordering on state security and international relations . The mandate of PTF included the provision of educational facilities , roads infrastructure, urban mass housing , access to healthcare for the masses ,and other social security safety measures such as skill acquisition. The influence and intervention areas of PTF was so sweeping that the only no-go-area for the agency was the management of the army, (even then, there was ARMY PTF) and foreign affairs of our country which were the only functions of Government excluded.
    Although , like most public agencies our country, the PTF was a cesspit of corruption, the good legacy of the social development agency is reflected by the enduring monuments like schools, roads and other social infrastructures like water projects which are located across Nigeria serving the masses and therefore positive testimonials to the efficacy of social intervention to alleviate hardship in the polity.

    Today, in the absence of any significant government action to provide better life for Nigerians, the private sector by the name of CACOVID initiated by CBN governor Godwin Emefiele and driven by billionaires, Aliko Dangote , Jim Ovia , Tony Elumelu, Femi Otedola, Samad Rabiu , Modupe Alakija and a host of other successful entrepreneurs are weighing in with help in the sectors that they have considered to be more challenged in Nigeria.

    And that happens to be a combination of the police force and the burgeoning number of youths whose boundless energy and talents have remained untapped.

    And in the light of the consequences of the recent #Endsars protests – a clash between the aforementioned groups, that reportedly left in its trail the carnage of loss of lives and limbs of about 57 civilians, 37police men and women as well as 6 soldiers who suffered the ire of the aggravated youths that were lashing out against the brutality on fellow youths via mob action; society has become more unsafe and tending towards being in a state of anomie owing to the retreating of the internal security agencies, whose members -Special Anti Robbery Squad, SARS had allegedly created a nefarious industry of killing and maiming youths that fail to yield to their extortionist inclinations.

    Although , the good gesture of CACOVID is largely altruistic, it is also serf serving because a society in anomie arising from an atmosphere of anarchy in the system would not be conducive for businesses to thrive.
    It is for the same reasons that today, business are currently not thriving in crisis ravaged countries like Afghanistan, Syria ,lraq, Somalia, Sudan or South Sudan. So if the state of insecurity in Nigeria is allowed to degenerate to the frightening and horrific levels in the conflict ridden countries listed above , entrepreneurship and industry would suffer grave consequences.

    Mr Samuel Adetuyi , former commissioner of police and ex Police Force Secretary put it best when he made the following statement in an interview published in the Punch newspaper of 10th December: “Go round Nigeria yourself. “If we continue like this, in five years time, go and mark my words, you will see what our security will be. Here will be worse than Afghanistan”

    And that in my view is the underlying raison detre for the proposed intervention by the philanthropists under the umbrella of CACOVID.
    And there is a precedent to this type of intervention, albeit in a nihilistic manner.
    In 2015 which is about 85 years ago , when an oil refinery was first established in the Baku region of Azerbaijan , by the Rothschilds, one time richest family from France and a major investor in oil and gas explorations, there happened to be some tensions resulting in conflicts between the Armenians and their neighbors, Azerbaijanis-a breakaway province from the former socialist republic.

    The threat of the conflict escalating into a war and jeopardizing the huge oil/gas refining investments compelled the Rothschilds to procure the services of the Turkish army during the Ottoman Empire to ‘remove’ the Armenians from the region. Of course ‘remove‘ is an euphemism for exterminate.

    The action which lasted till 1917 resulted in the loss of the lives of about 1.5 million Armenians and that dastardly incident represents the first genocide recorded in history which today has remained a hot button issue in the United Nations, UN.

    Only recently, the conflict has resumed again after several decades,as evident by the ongoing mild war between Armenia and Azerbaijan over the disputed land in Nagorno-Karabakh.

    And Turkey, once again has been in the front and centre of the crisis by providing support to Azerbaijan army.

    Although Armenian genocide issue appears to be a diversion from CACOVID’s proposed social intervention in the provision of material support to Nigeria police force and creation of positive and productive engagements for our youths , the desperate actions taken by the billionaire business men a d women embodied by the Rothschild family nearly a century ago when their investments in oil/gas in areas around the Caspian Sea was threatened, merits being shared for all to see the length and extent that unscrupulous corporate organizations can go to preserve their wealth and provide. Essentially, the enlightenment is aimed at providing a background for the understanding of the spirit behind CACOVID’s intervention , which although not entirely altruistic, but in this stance, the intention remains largely noble and benevolent.

    Of course , unlike the Rothschilds, the motive of CACOVID members who are major stake holders in the industry and economy of Nigeria, do not have nihilistic intention or undertones , however the Nigerian billionaires are being driven by a similar motive of safeguarding their investments in Nigeria. The good thing is that they are intervening in positive ways that would help restore stability in the system for the survival and safety of their enterprise and by extension Nigerian public.
    How did l know all of these?

    It is an extrapolation of part of the research that l conducted in 2005/7 for the literature review in the thesis titled Darfur: Why The West Failed To Help” which l wrote and presented for my masters degree from Fletcher School of Law and Diplomacy, Tufts university, Massachusetts, USA.

    At the time of writing the thesis , l had no idea that the knowledge would be of use in such a profound way and manner today. Given that the wars leading to the founding of South Sudan with Darfur as capital has persisted , history which is always dynamic has continued to evolve and the conclusion of my thesis has also become some how obsolete as new dimensions have been added to the conflicts in the Caspian Sea area of Armenia and Azerbaijan countries , and the Sudan in the Sahel area . In the light of the changing dynamics listed above, l’m updating or rejigging the thesis which l’m converting to a book on conflicts and the role of private corporations around the world.

    As the saying goes , self preservation is the first rule of nature, so there is nothing wrong with the action of the CACOVID members to protect their businesses and in the process protect members of the larger society.
    In any case , before the current initiative, the financial services sector, particularly, the banking sub-sector had hitherto provided funding for security agencies , particularly in Laos state where their head offices and core businesses are mainly domiciled.

    For instance, in lagos state , there is a security agency trust fund under the chairmanship of my good friend, Kehinde Durosimiti-Eti former MD of Skye bank plc.
    The security intervention fund/agency in lagos has substantially been responsible for the remarkable safety and security of lagos and lagosians pre #Endsars protests/riots it has been providing the funds for security enforcement tools and devices such as most of the amour personnel carriers, APC that dot street corners in hot spots around lagos.
    The lagos security trust fund is quite unlike the Police Trust fund floated by Kenny Martins under ex president Olusegun Obasanjo’s watch that collapsed under the weight of massive corruption.

    Hopefully, the proposed CACOVID initiative would be immured from the malfeasance associated with the bureaucratic complications experienced in the past with Police Trust Fund and which wracked similar agencies of Government including the PTF.
    The much needed interventions in the Nigerian Police Force , NPF and the lofty initiative of harnessing the potentials of our burgeoning youth demography which is the second area of intervention in the CACOVID agenda, reechoes Tony Elumelu’s Africapitalism vision which is about businesses partnering with the communities in which they operate in symbiotic ways for the mutual progress and development of society.
    Obviously, the CACOVID initiative will be more consequential than the Africapitalism efforts, simply because it is local and more profound in its proposed areas of intervention,which is quite unlike the Africapitalism agenda being driven by Tony Elumelu Foundation’s initiative for the empowerment of young Africans in 54 countries through mentoring or imparting of entrepreneurial knowledge.
    While applauding the CACOVID as it embarks on its mission to positively impact society in very big ways , (which is yet to become the reality) l hope the implementation of its grand plans would be as impressive as the way it is written on paper and stated on television y the quartet- Emefiele, Dangote , Elumelu and Herbert Wigwe, CEO of Access bank and not end up being as scandalous and shambolic as the outcome of its distribution of COVID-19 palliatives which was disastrous or end up like the sleaze ridden Petroleum Trust Fund, PTF introduced under the military dictatorship of army general, Sani Abacha.

  • CACOVID: Mixed reactions trail proposed N100bn Police Rehabilitation Fund

    CACOVID: Mixed reactions trail proposed N100bn Police Rehabilitation Fund

    Mixed reactions have continued to trail plans by the private sector Coalition Against COVID -19 (CACOVID), to spend N100 billion in rehabilitating all the 44 damaged and destroyed police stations nationwide, during the EndSARs protests.

    Some respondents, who spoke in Lagos on Sunday, commended the initiative, while some described it as a “misplaced priority “.

    The private sector-led Coalition Alliance against COVID-19 on Thursday unveiled a N100 billion equipment support to retool the Nigerian Police Force over the next two years.

    Similarly, the Bankers Committee, in collaboration with the CACOVID, agreed to support government’s efforts in rebuilding confidence in the nation’s economy in the aftermath of the EndSARs protests.

    The Managing Director of BIC Consulting Services, Dr Boniface Chizea, who commended the group`s kind gestures, said that philanthropic gestures were second nature to some of its key members.

    “Of course it is a laudable move, they have done a lot since their formation, including construction of isolation centres and massive provisions of palliatives.

    “Philanthropic gestures is second nature to key members such as Elumelu, Dangote etc. That is what they have always done and been known for,” he told NAN.

    Chief Executive Officer of Arvo Finance, Mr Ayotunde Bally, advised that the funds be used to empower and educate the members of the police force for better service delivery.

    “In my opinion, gadgets and equipment should not be the first priority for funds allocated to the Nigerian police force. Those monies should be channeled towards improving the lives and working conditions of the police officers.

    “The police are human and, therefore, need the right conditions and incentives to give 100 per cent to this essential vocation. I will suggest that the funds be used to adequately empower and educate the police force so that they can do their job with pride.

    “Without improving their living standards and sensitising the police force, the cycle of corruption within the force will persist and such a huge amount would be wasted.

    “We need the police to take pride in what they do and re-earn the respect of the citizens, this can only happen if they are well trained and well compensated,” he said.

    Chief Martin Onovo, a Political Economist and a former Presidential Candidate of the National Conscience Party in 2015, urged Nigerians to insist on transparency in the CACOVID intervention.

    According to him, details of all transactions from the fund should also be scrutinized, saying that the intervention can be seen as patriotic but the history of failing banks in Nigeria and the economic crisis, had created a mystery around the CACOVID intervention.

    “We know how Nigerian banks accumulated over N5 trillion toxic debts for AMCON a few years back. We must insist on public transparency in this intervention.

    “As these are publicly quoted companies, we can have access to information to verify their financial performance and contributions to this cause,” he said.

  • CACOVID reveals plans to empower youths, businesses

    CACOVID reveals plans to empower youths, businesses

    The Coalition Against COVID-19(CACOVID), a private sector alliance formed for the sole purpose of eradicating coronavirus from Nigeria, has announced updates of its fully owned activities as well as intentions to support the government’s efforts in rebuilding the nation’s economy.

    This follows the mayhem caused by hoodlums who hijacked the EndSARS protests, resulting in vandalism, loss of lives and disruption of the existing state of affairs.

    Whilst giving a breakdown of CACOVID’s expenditures, Godwin Emefiele, the CBN governor, noted that the coalition has received a total of N39.64 billion as a donation from its private sector members and expended N43.272 billion on various projects, including N4.194 billion on building fully equipped isolation centres, N9.017 billion on medical equipment and supplies, N28.7 billion on food palliatives as well as embarked on COVID-19 awareness drives across states in Nigeria, leveraging multiple communication channels.

    Emefiele also disclosed that CACOVID has put in place certain measures as a supportive gesture to the government in facilitating the recovery process of the economy which has been adversely affected by the pandemic and the recent national unrest.

    Commenting on this, Godwin Emefiele, the CBN governor, said: “These efforts represent some of the essential steps that are important in rebuilding trust and preventing future unrest within our communities. It would also complement the government’s efforts aimed at creating jobs for our youths and in strengthening the security apparatus in the country. More importantly, it would also prevent the challenges which have emanated from the protest, from affecting the long-term growth prospects for households and businesses in the country.”

    The coalition has budgeted N100 billion to procure equipment and gadgets for the Nigerian Police Force over the next 2 years, in addition to the rehabilitation of all damaged 44 police stations nationwide. The sum of over N150 billion will be deployed to set up and implement the Youth Development Programme to provide technical and vocational education to over 4 million Nigerian youths over the next 5 years. On successful conclusion of the program, selected students will be eligible to receive loans to support their entrepreneurial pursuits. A total of N25 billion has been earmarked for this.

  • CACOVID unveils over N300b ‘Marshall’ plan to rebuild 44 police stations, train 4m youths

    CACOVID unveils over N300b ‘Marshall’ plan to rebuild 44 police stations, train 4m youths

    Coalition Alliance Against COVID-19 (CACOVID), comprising the Bankers Committee and major operators in the private sector on Wednesday unveiled a Marshall plan of some sort to help in rebuilding Nigeria.

    CACOVID surfaced in March to help in funding Nigeria’s response to COVID-19 pandemic, but it has expanded its agenda.

    Governor of the Central Bank, Godwin Emefiele, who rendered the account of the N39.6 billion raised by the group, said it has decided to take on the challenge of rebuilding 44 police stations damaged during the October #EndSARS protests.

    In addition, it is committed to providing over N100billion to procure equipment and gadgets for the Nigerian Police Force over the next two years.

    The intervention is expected to modernise the Nigerian police.

    CACOVID also released its plans to offer vocational, technical and ICT training for four million of educated but unemployed young Nigerians.

    An estimated N150 billion will go into this.

    Emefiele explained the plan: “Our preliminary analysis indicates that unemployment particularly amongst the youth was a critical factor behind the unrest.

    “As a result, CACOVID has committed to create a high impact youth development program that will provide technical and vocational education to over 4 million Nigerian youths over the next 5 years. Students will be trained on craftwork, plumbing, masonry , carpentry, and other artisanal related skills for which sufficient demand exist in Nigeria .

    “Over N150bn is expected to be deployed towards the set up and implementation of the youth development program, which will be available at select training centers across the country .

    “Selected students on conclusion of the program will be certified by the appropriate standards board and will be eligible to receive loans to support their entrepreneurial pursuits.

    “So far, over N25bn will be domiciled in a fund to support these entrepreneurial pursuits, which would also include acquisition of related equipment’s to conduct business activities.

    “The ultimate objective is to provide young Nigerians with employable skills sets that will enable them to live a gainful life. We believe this initiative can lead to the creation of over 4m jobs over the next five years.

    “For the out of school graduates that possess certain Entrepreneurial skills, CACOVID will be working with Bankers Committee to complete the Creative centre at National Arts Theatre area of Lagos in four select areas namely; ICT and software design / development, Fashion, Music and Movies.

    This project is expected to cost the Bankers Committee over N40 Billion.

    Emefiele also spoke about CACOVID plans to help businesses vandalised during the protest.

    He said banks and financial institutions would be required to extend relief through concessionary loans to affected businesses and firms, so they can rebuild and restock their stores and continue to conduct their business activities.

    Read the entire press statement:

    Good afternoon ladies and Gentlemen. Following the outbreak of COVID-19 in Wuhan China, in December 2019, and its eventual spread to over 190 countries, nations like Nigeria were faced with a dual shock; a public health crisis, and, an over 60 percent decline in commodity prices. The decline in crude prices and the containment measures put in place to deal with the public health crisis, led to a constriction in business activities, with resulting implications for federal and state governments, as well as households and businesses.

    Cognizant of the funding challenge faced by Federal and State governments and the need to improve the capacity of our health institutions to deal with emerging cases of COVID-19 in the country, the Bankers Committee, comprising the Central Bank of Nigeria and the Deposit Money Banks as well as key stakeholders in the private sector came together to set up an alliance in March 2020, known as the Coalition Alliance Against COVID-19 (CACOVID).
    The ultimate objective of CACOVID was to work with the government in providing support in areas that would result in improved health and societal outcomes. We sought to aid the government’s in improving testing capability, and management of positive cases of COVID-19 in Nigeria. In addition, CACOVID was expected to provide palliatives to vulnerable members of our society, particularly those who earn daily incomes, and had been severely affected by the lockdown.
    As a result of these objectives, CACOVID requested and indeed received an outpouring of support from over 200 well- meaning Nigerians and corporate organizations, who provided in kind donations, as well as funds to the tune of N39,646,100,039.00 billion in support of the fight against COVID-19.
    In order to ensure that these funds were judiciously utilized, a transparent and accountable framework was put in place by highly rated firms of chartered accountants. We engaged KPMG Professional Services as book keepers and Messrs Enrst and Young as Auditors. Ladies and Gentlemen , in Line with our promise to be open and Transparent in the utilization of the funds donated by our partners, CACOVID has today decided to provide the general public with full details relating to the procurement of goods and services along with the disbursement schedule of procured items.

    These details will be posted on our website in due course.

    On the expenditure side, the CACOVID has far incurred expenditure , in the sum of N43,272,562,831 on the acquisition of , not only medical equipment and supplies , but also Food palliatives for the vulnerable amongst us.The funds raised by CACOVID was used to support 3 key priorities. These priorities include;
    I. Medical Facilities and Equipment – Working with other stakeholders, CACOVID developed 39 fully equipped isolation centers across the 36 States of the Country including the Federal Capital Territory ( FCT) . The sum of

    N4,194,262,899 was spent in Building Isolation Centers. In addition, medical equipments such as PCR test kits for suspected cases of COVID-19 were procured along with other required medical items at a cost of N9,017,561,723. This support by CACOVID enabled many states to deal with an unexpected surge in cases of COVID-19.
    II. Food relief programs – As part of our efforts to cushion the effects of the lockdown on vulnerable Nigerians affected by the restrictions in movement, CACOVID provided palliatives in the form of essential food items to 1.7m households, which is equivalent to supporting 8 million Nigerians. A total of N28,767,590,517 was spent procuring these Food supplies. These palliatives were acknowledged and disbursed by various state governments; and a schedule showing the various quantities and dates of delivery will also be posted on our website for public scrutiny. Our 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.

    III. Communication Plans – CACOVID also worked to improve awareness in rural communities on the COVID-19 virus, and the measures community health workers

    and other members of society should take when someone in the community is suspected of having symptoms similar to that of COVID-

    Print, TV, radio and social media were leveraged as part of CACOVID communication plans.
    We would like to use this opportunity to express our sincere gratitude to well- meaning Nigerians and businesses, who supported CACOVID in its effort to curb the spread of COVID-19 in Nigeria, as well as in the support provided to vulnerable Nigerians.

    Response to the #EndSARS Protest
    As we are all aware, the aftermath of the EndSARS protest that took place in several parts of the country in October 2020, led to the vandalization of private and public assets, which includes business houses, shopping malls, banks and police stations. Many small and medium scale businesses that were affected have struggled to resume full business activities. In addition, the provision of security which is essential to the conduct of business activities has been hampered due to the damage of 44 police stations across the country. If left unattended, this situation could undermine confidence in our economy and derail the efforts of the government in enabling faster recovery of the Nigerian economy, following the impact of COVID-19.

    As a result, the Bankers Committee and critical stakeholders in the private sector, under the auspices of the CACOVID alliance, held series of meetings towards developing measures that will support the government’s efforts in rebuilding confidence in our nation’s economy. Some of the measures agreed upon by the CACOVID alliance include;

    1. Banks and financial institutions would be required to extend relief through concessionary loans to affected businesses and firms, so they can rebuild and restock their stores and continue to conduct their business activities.

    2. CACOVID has committed to fully rehabilitate all 44 damaged and destroyed police stations nationwide in a bid to restore provision of security in affected locations.

    3. To further strengthen the security apparatus in the country, CACOVID has committed to provide over N100bn to procure equipment and gadgets for the Nigerian Police Force over the next 2 years; as our contribution to fully modernize the Nigerian Police.

    4. Our preliminary analysis indicates that unemployment particularly amongst the youth was a critical factor behind the unrest. As a result, CACOVID has committed to create a high impact youth development program that will provide technical and vocational education to over 4 million Nigerian youths over the next 5 years. Students will be trained on craftwork, plumbing, masonry , capentry, and other artisanal related skills for which sufficient demand exist in Nigeria . Over N150bn is expected to be deployed towards the set up and implementation of the youth development program, which will be available at select training centers across the country .

    5. Selected students on conclusion of the program will be certified by the appropriate standards board and will be eligible to receive loans to support their entrepreneurial pursuits. So far, over N25bn will be domiciled in a fund to support these entrepreneurial pursuits, which would also include acquisition of related equipment’s to conduct business activities. The ultimate objective is to provide young Nigerians with employable skills sets that will enable them to live a gainful life. We believe this initiative can lead to the creation of over 4m jobs over the next five years.

    6. For the out of school graduates that possess certain Entrepreneural skills, CACOVID will be working with Bankers Committee to complete the Creative center at National Arts Theater area of Lagos in four select areas namely; ICT and software design / development, Fashion, Music and Movies. This project is expected to cost the Bankers Committee over N40 Billion.

    7. Given the impact the unrest had on the conduct of business activities, members of CACOVID has committed to develop a business continuity plan, that will enable businesses and firms to share timely information and resources to forestall physical or cyber-attacks, which could derail the smooth functioning of business activities in the country.

    Details of all the support stated above will be released in due course to Nigerians. Distinguished ladies and Gentlemen, these efforts represent some of the essential steps that are important in rebuilding trust and preventing future unrest within our communities. It would also complement the government’s efforts aimed at creating jobs for our youths and in strengthening the security apparatus in the country. More importantly, it would also prevent the challenges which have emanated from the protest, from affecting the long-term growth prospects for households and businesses in the country.

    In closing, let me say that providing adequate security is not only the task before the government but also that of the private sector.. Indeed , owners of business premises desire a secure environment to conduct their legitimate businesses. We therefore seize this opportunity to once again , appeal to members of the private sector, who we will be calling on again, to rally round CACOVID to secure not only our businesses but also our country. We also request the private sector to work with to operate under this platform which has been approved by Mr President.

    We thank you most sincerely for your attention.

  • Finally CACOVID opens up on palliatives ‘hoarded’ in warehouses

    Finally CACOVID opens up on palliatives ‘hoarded’ in warehouses

    Two members of the Coalition Against COVID-19 (CACOVID) have explained the delay in the distribution of palliatives by state governments.

    CACOVID is a private sector-led organization established to assist the government in combating the Coronavirus disease in the Nigeria.

    CACOVID members, Mr Osita Nwasinobi and Dr Sola Adeduntan, in two separate documents made available to the media on Monday in Abuja, called for calm among members of the public.

    Nwasinobi, in a document he authored for CACOVID members, said that the coalition had been working with the minister of the FCT and the Nigeria Governors’ Forum (NGF), to procure and distribute food items to Nigerians.

    He said that they were working to distribute the food items for about two million, mostly vulnerable families across the 774 local government areas in the country, explaining that CACOVID members decided to procure the food directly from the manufacturers, to avoid a distortion of prices in the market.

    Nwasinobi stressed: “The sheer scale of this nationwide food programme and the timing of the orders and deliveries, coincided with the lockdowns and reduced movement across the country.

    “This compelled CACOVID to roll out distribution in a staggered manner, with states classified in three timed phases, to enable orderly delivery to the needy.

    “The food package was designed such that each of the nearly two million vulnerable families received 10kg bag of rice, five-kilogram bag of garri/maize flour/semolina, one carton of pasta, two cartons of noodles, five kilograms of sugar and one kilogram of salt.”

    He added that due to the large size of the order and the production cycle required to meet the demand, there was delay in delivering the food items and thus delays in distribution by state governments

    “For instance, rice had to be milled, semolina and maize flour had to be processed, noodles and pasta had to be manufactured, and sugar had to be refined. As such, the first deliveries could not start until June.

    “However, as at October 2020, a sizable portion of the items had been delivered but yet to be distributed by the governors,” Nwasinobi said.

    He said that while 28 states and the FCT had commenced distribution since early August, some could not as they were yet to receive complete deliveries of the items allotted to them and so state governments had been distributing the items at various paces.

    In the interest of transparency and accountability, he pledged that CACOVID would, in due course, provide the full delivery schedule and flag-off dates by each state, stressing that KPMG Professional Services and NGF external auditors were also on the verge of completing the audit of all contributions from the donors, including a full list of all medical and food items procured with the CACOVID funds before the warehouses were attacked.

    “It is very unfortunate that various states, including states that have concluded the distribution of their allocations, are seeing their warehouses and other premises being raided.”

    Nwasinobi called for calm to allow states to proceed with their palliatives distribution peacefully, and for the public to disregard any unauthorized sources of information regarding the procurement and distribution of the palliatives.

    Adeduntan, the Chief Executive Officer of First Bank PLC, in a letter addressed to “Sigma Chief, Old Chiefs and Loyalists” urged member to be wary of information on social media, saying that CACOVID had successfully provided health facilities, diagnostic kits and medications to all the states and the FCT.

    The First Bank CEO said that CACCOVID also decided to provide food to 1.7 million mostly vulnerable families across the country but the challenge was how to purchase those items worth about N15 billion without driving inflation.

    “We had to contract this out to various manufacturers and that took time for them to deliver the goods to us. It was only in September and early October that we handed the goods over to the various state governments and FCT.

    “It is therefore a fallacy that the state governments or Dangote have hoarded those foodstuffs,” he explained.

  • PDP raises alarm over CACOVID palliatives

    PDP raises alarm over CACOVID palliatives

    The Peoples Democratic Party (PDP) has said there are clandestine plans by federal government officials to use the invasion of CACOVID palliative warehouses to escape investigation into the reported stealing and criminal diversion of funds and palliatives provided by the Federal Government to cushion the effect of the COVID-19 pandemic.

    Kola Ologbondiyan, National Publicity Secretary of the PDP, who made this known in a statement on Sunday, claimed that the Minister of Humanitarian Affairs, Disaster Management and Social Development, Sadiya Umar Farouq attempts to create an impression that the CACOVID palliatives besieged in the aftermath of the EndSARS protest were the same federal government palliatives for which she is required to give account.

    The statement reads: “The PDP is appalled by the scandalous attempt by the Minister of Humanitarian Affairs, Disaster Management and Social Development, Sadiya Umar Farouq, to create an impression that the CACOVID palliatives besieged in the aftermath of the EndSARS protest were the same federal government palliatives for which she is required to give account.

    “Our party wants to inform the minister that such infantile antics cannot sway Nigerians, as the public is already aware that CACOVID palliatives came from donations from wells meaning individuals and organizations which is completely different from the N500 billion voted by the federal government, which has not been accounted for.

    “If anything, this attempt by the minister to muddle-up issues and confuse Nigerians only goes to validate allegations of stealing and diversion of funds and palliatives provided by the Federal Government and placed under her purview.

    “Of course, the CACOVID palliatives has nothing to do with the alleged stealing and diversion of funds in the cash disbursement of N20,000 to undocumented beneficiaries leading to widespread outcry by Nigerians that bulk of the money may have been diverted.

    “The embattled minister has not explained the reason for the obvious circumventing of statutory public finance report system and appropriate documentations by the Central Bank of Nigeria (CBN), leading to the alleged diversion of funds to private purses.

    “Also, the CACOVID palliatives have nothing to do with the billions of naira claimed to have been spent on school feeding at a time the schools were shut and school children were in their respective homes in different locations across the country.

    “It is revealing to state that our party had earlier gotten winds of allegations in the public space that some indicted federal officials compromised arrangements at CACOVID warehouses to trigger an invasion by agitating Nigerians, as a decoy to frustrate investigation into the alleged stealing and diverting of federal government palliatives by government officials.

    “Indeed, the rush for self-exoneration by the minister as well as her forgiveness showboating, apparently in an attempt to posture a foreclosure of an investigation into the handling of Federal Government palliative funds, goes to validate the allegations.

    “But Nigerians cannot be swayed by such antics as they hugely smacks of guilt and desperation to evade investigation and conceal corruption.

    “Moreover, it is evident that the besieging of the CACOVID warehouses was further inflamed by bottled-up anger and frustration over the corruption that characterized the handling of Federal Government palliative funds by the Minister, who now postures for foreclosure of investigation into the manifest atrocities in her ministry.

    “Our party holds that this particular attempt to cover corruption places a huge burden on the Buhari-led administration and we call on Mr. President to come clean on the handling of Federal Government funding on COVID-19.

    “The Minister of Humanitarian Affairs, Disaster Management and Social Development should therefore end her unnecessary showboating and self-exoneration and get ready to give account of the allegedly diverted billions of naira provided by the Federal Government for COVID-19 palliatives instead of seeking to hide under CACOVID palliatives looting.

    “The PDP standing with millions of deprived Nigerians demands that President Muhammadu Buhari immediately order an open and independent public enquiry into the handling of the funds released by the Federal Government as COVID-19 intervention fund.

    “The Minister of Humanitarian Affairs should give account of how much was released to her, the specific purchases, with details of contractors; details of distribution of palliatives and agents in all states; as well as details of bank withdrawals and beneficiaries of her N20,000 disbursements.

    “Nobody should hide under CACOVID to foreclose investigations into the stealing of funds meant for the poor and vulnerable in our country.

    “The PDP however restates our call for calm but urges the Federal Government to end such provocative antics being played by its officials to cover corruption”.

  • CACOVID finally speaks on looted palliatives

    CACOVID finally speaks on looted palliatives

    CACOVID said it set out to provide relief for 2 million households, which would translate to more than 10 million Nigerians.

    According to CACOVID, each household is supposed to receive 10kg bag of rice, 5kg bag of garri/semolina, one carton of pasta, two cartons of noodles, 5kg of sugar and 1kg of salt adding that it worked with state governors and the minister of the federal capital territory to ensure food items reached the beneficiaries.

    Nigerians have discovered warehouses of COVID-19 palliatives in Lagos, Osun and Plateau to mention a few.

    “Unfortunately, the very large size of the order and the production cycle required to meet the demand caused delays in delivering the food items to states,” it explained.

    It said the first set of deliveries did not start until June and the delivery has been staggered which in turn led to different distribution timelines for states.

    “As of October 2020, a sizeable portion of the items had been delivered but yet to be distributed by governors,” CACOVID explained.

    “Although various states and the FCT had commenced flag-off of the distribution of the food items since early August, some could not conclude the distribution as they were yet to receive complete deliveries of the items delivered to them.

    “As of today, October 26, 2020, some states have confirmed completion of their distribution while others were in the process of proceeding with the distribution before these lootings took place.”

    The coalition assured that it would publish the full delivery schedule and flag-off date by each state.

    It also said KPMG, its external auditor, is on the verge of completing the audit of all donations as well as food and medical items procured.

    CACOVID is a COVID-19 relief initiative spearheaded by the Central Bank of Nigeria in partnership with the private sector.

  • Coronavirus: Private Sector Coalition orders supplies for test kits to increase Nigeria’s testing capacity

    Coronavirus: Private Sector Coalition orders supplies for test kits to increase Nigeria’s testing capacity

    The Private sector-led Coalition Against COVID-19 (CACOVID) has ordered for 250,000 supplies for tests and another 150,000 extraction kits to fast-track molecular testing for the deadly coronavirus, noting that the reality of the situation at hand was such that efforts must be put together with no stone left unturned in dealing with the scourge.

    The coalition also disclosed that no less than 1.7 million households would benefit from its food relief package as part of complementary efforts to help alleviate the effects of the lockdown and restrictions adopted by governments across the nation.

    Briefing newsmen in Lagos on the group’s activities in helping the Federal Government halt the spread of the virus, leaders of CACOVID stated that the coalition has set up isolation centres in five states of Lagos, Kano, Rivers, Borno and Enugu as well as FCT, while renovations of hospitals and medical supplies are being carried out in other states.

    Chief Executive Officer of Aliko Dangote Foundation (ADF), Zouera Youssoufou explained that all the partners in CACOVID are ready to roll out in all parts of the country having commenced building and equipping of isolation centres in some states.

    According to her, there are currently three testing platforms for molecular testing in Nigeria, one of which is the “Open PCR machines”, which the Coalition has ordered for 10 units, with eight laboratories certified to conduct COVID-19 tests.

    Ms. Youssoufou said, “Open PCR machine is currently the standard platform. Eight labs in Nigeria are certified to conduct COVID-19 testing; 10 new PCR machines and 150,000 extraction kits have been ordered. The other is Roche Cobus Platform with 6 Machines in Nigeria, each capable of testing 960 tests at a time. Nigeria was on track to receive 38,000 but we have ordered 250,000. 10,000 tests ordered by UNICEF have arrived on Thursday, April 16.

    “We also have Cepheid Gene Expert Machines – there are 400 machines installed in the country. 250 are expected to be functional with trained lab technicians. Cepheid has developed a COVID-19 testing cartridge that has received FDA approval and will begin shipping to Africa in two weeks. We have ordered 250,000 cartridges and expect shipment receipt in two weeks.”

    In his remarks, Group Managing Director of Access Bank Plc, Mr. Herbert Wigwe, said the Coalition right from the onset knew the fight against coronavirus was not going to be easy but would require collaborative efforts of all.

    He said the CACOVID-19 is approaching the fight against the virus from three levels, “One, it was clear from the beginning that no one institution can go it alone, so we solicit everybody’s cooperation in tackling this scourge. Two, while several measures are being taken to stop the spread, including lockdowns, restriction, social distancing, there is the need to address the hunger. How do we cater for the feeding needs of the people if these measures are to be effective?”

    Wigwe explained that the third level was the thought leadership aspect of the plan which is to tackle the post-pandemic aspect. According to him, “a lot of businesses have been badly affected and economies have been disrupted. How do we get them back to life after we might have defeated the coronavirus?”

    The Access Bank GMD explained the modalities to be adopted to get the food relief materials to the targeted households, pointing out that it would be done from the bottom of the pyramid, which is the 774 local government areas where the CACOVID partners would be assigned to deliver the materials.

    He said he was optimistic that the food relief materials would reach all intended beneficiaries because, according to him, it was a path that has already been trodden by Aliko Dangote Foundation, which has been distributing foods to the vulnerable in the states and has been achieving results.

    Also, responding during the briefing, the Chief Executive Officer, MTN Nigeria, Mr. Ferdi Moolman urged other private sector organisations which are yet to identify with CACOVID in the onerous task to join hands and make their modest contributions.

    Justifying why no organisation could afford to stay aloof, Mr. Moolman said the whole world is not at peace presently and every nation is on its own fighting the battle of COVID-19.