According to report reaching.com, the Coalition Alliance Against COVID-19 (CACOVID) says it has so far spent N43,272,562,831 on the acquisition of medical equipment, medical supplies and food palliatives for vulnerable Nigerians.
The coalition made up of Bankers Committee, comprising the Central Bank of Nigeria, Deposit Money Banks and key stakeholders in the private sector was set up in March 2020 to support the federal government in improving the capacity of health institutions in dealing with COVID-19 and providing palliatives for Nigerians.
A statement by the CBN Governor, Godwin Emefiele at a press briefing on the response of the bank to the pandemic said the coalition received donations worth N39,646,100,039.00 billion from over 200 well-meaning Nigerians and corporate organizations
He said ‘‘Medical equipment 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.
CACOVID provided palliatives food items to 1.7m households or 8 million Nigerians. A total of N28,767,590,517 was spent procuring these food supplies.