The Coalition Against COVID-19 (CACOVID) has revealed a plan to spend N100 billion for the renovation and purchase of rifles at police stations that were recently destroyed by thugs in the wake of the protest against police brutality.
CACOVID Co-Chairman and Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, revealed this at a press conference in Lagos while giving an account of the group’s activities.
He spoke in the company of the president of the Dangote Group, Alhaji Aliko Dangote; President of United Bank for Africa Plc, Mr. Tony Elumelu, and Managing Director, CEO of Access Bank Plc, Herbert Wigwe.
According to the CBN governor, the thugs destroyed a total of 44 police stations.
In addition, CACOVID also revealed a plan to empower four million young people with a N25 billion employment program.
However, Emefiele, reporting on the activities of the initiative led by the private sector, said that the group received a total of N39.64 billion as donations from members of the private sector and spent N43.272 billion on various interventions. , including N28.7 billion in palliative food aid for 1.7 million households, which translates to eight million Nigerians.