CACOVID
2021: Banks to walk a tightrope amid low revenue environment
Nigeria’s deposit money banks (DMBs) must brace up for the challenge of 2021 that might tax their resolve to remain in business. Reason: the industry is faced with a tougher operating environment that could threaten the operators’ ability to meet their stakeholders’ needs and expectations yet perform meaningful corporate social responsibility roles. Their valuable customers such as high net-worth individuals, corporate bodies and other institutions are equally challenged. In his book, Business Stripped Bare, celebrated iconic entrepreneur and founder of the Virgin Group, Richard Branson, says, “without trustworthy banks, there can be no business, no employment, no money. According to Branson, “People have got to be able to go to bed at night secure in the knowledge that the money they depo...
CACOVID: Looted palliatives awaiting distribution
Most of the looted palliatives in warehouses across the nation were awaiting distribution to over 2 million vulnerable households, the private sector-led Coalition Against COVID (CACOVID) has explained. In a statement on Monday night, CACOVID said: “The sheer scale of this nationwide food programme and the timing of the orders and deliveries, which coincided with the lockdowns and reduced movement across the country, compelled CACOVID to roll out distribution in a staggered manner”. CACOVID maintained: “The very large size of the order, and the production cycle required to meet the demand, caused delays in delivering the food items to the States in an expeditious manner; hence the resultant delay in delivery of the food palliatives by the State Governors”. For instance, “rice had to be mil...
Kano clarifies on ongoing work at Sani Abatcha isolation centre
Kano State Government on Tuesday said the delay in the early completion of the Sani Abacha Stadium (SAS) Isolation Centre was necessitated by the review of the project initial plan. Malam Muhammad Garba, the state Commissioner of Information, made the clarification in a statement in Kano. Garba, who was reacting to a viral social media video clip on the project, dismissed the footage as a “mischievous attempt to misrepresent facts on the ongoing installation works at the isolation centre, donated by the Coalition Against COVID-19 (CACOVID). The project, which was initiated in April, was designed with a 500-bed capacity for the treatment of COVID-19 patients. The News Agency of Nigeria reports that the three and a half minutes video clip, showed ongoing installation works at the isolation c...
Eid: Sokoto governor felicitates with Muslims, salutes health workers
The Governor of Sokoto State Aminu Waziri Tambuwal has felicitated with Muslims as they celebrate Eidel Fitri. In a state wide broadcast on Sunday, Tambuwal urged them to imbibe the spirit of godliness, perseverance and intercession. He thanked Almighty Allah for His innumerable mercies which made it possible for them to witness this blessed day of Eid-Fitr 1441 AH, after fulfilling the mandatory Ramadan fast. “Fellow citizens, as we celebrate this memorable occasion of the Eid-fitr, may I congratulate all of us for successful completion of the Ramadan fast. Suffice it to say that it had been a soul searching exercise and a rejuvenation of our physical and spiritual dimensions which will strengthen us to face, with all sense of responsibility, our spiritual and worldly affairs”. “It is my ...
Godwin Emefiele: Central bank ready to support home grown vaccine
Bloomberg Governor, Central Bank of Nigeria (CBN,), Mr. Godwin Emefiele, has announced that the apex bank is ready to support researchers, science-based institutions and biotechnology firms with N100 billion grant in the quest for a homegrown vaccine to fight COVID-19 in Nigeria. Emefiele, who spoke at the commissioning of ThisDay Dome Testing, Treating, Tracing and Isolation Centre in Abuja, said the pandemic has had an unprecedented effect on the global economy, impacting all nations big and small. According to him, so far, the Coalition Against COVID-19, (CACOVID) has raised over N27billion to fund this initiative. He said the donation received so far are being used to build well-equipped isolation centres across the 36 states of the federation. ”’The ThisDay Dome Testing, Treating, Tra...
