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COVID-19: BUA CEO Donates N1bn Cash to FG

  • COVID-19: BUA CEO Donates N1bn Cash to FG

Top industrialists and private organisations are supporting government efforts at combating the deadly coronavirus pandemic that is ravaging Africa’s largest economy.

Following Dangote’s move to raise fund for the government and UBA’s N5 billion relief fund announced on Thursday, Abdul Samad Rabiu, the founder of BUA Group has announced a donation of N1 billion in cash through his BUA Foundation and also ordered equipment and medical supplies to complement the efforts of the Nigeria Centre for Disease Control.

Speaking on the donation, the industrialist said it was imperative for the private sector to support the government’s efforts at curbing the spread of the COVID-19 pandemic. He, however, stated that the N1 billion donation will be done through the central bank-led “Private Sector Coalition Committee against COVID-19.”

“This donation will not only provide additional needed funds to the government and NCDC’s efforts but will also serve to protect healthcare and medical workers on the frontlines of fighting the pandemic.

In addition to the donation, the chairman said the ordered medical supplies and equipment will be be donated to the two most populated states in Northern and Southern Nigeria.

He added that seven states across the nation where significant members of the BUA workforce and families are located will also receive medical supplies to help them prepare and respond faster to the pandemic.

“Each of these 9 states will receive about 100,000 protective facemasks, 1000 high-grade medical protection and isolation gear, 2000 protective goggles, 1000 gloves and 1000 testing kits amongst other things,” Rabiu added.

Samed Olukoya

Is the CEO and Founder of Investors King Limited. He is a seasoned foreign exchange research analyst and a published author on Yahoo Finance, Business Insider, Nasdaq, Entrepreneur.com, Investorplace, and other prominent platforms. With over two decades of experience in global financial markets, Olukoya is well-recognized in the industry.

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