Tag Archives: Fund

#EndSARS: Oyo Governor Makinde Creates N500m Fund For Victims Of Injustice

Oyo Governor Seyi Makinde on Monday announced a N500 million compensation fund which will provide critical funding for residents who suffered any form of injustice during the #EndSARS protests in the state. Makinde, who stated this at the House of Chiefs, Secretariat in Ibadan during the post-protest meeting with traditional rulers, clerics, and other stakeholders, urged past victims or…

Read more

Beer Sectoral Group Pledges N50 Million To Support Victims Of #EndSARS Unrest

The Beer Sectoral Group (BSG) of the Manufacturers Association of Nigeria (MAN), has announced the creation of a N50 million fund to support victims of the widespread riots ignited by chaotic #EndSARS protests. This was made known by the group which includes key producers in the Beer sector such as Nigerian Breweries Plc, Guinness Nigeria Plc, and International Breweries Plc…

Read more

Update: FG Agrees To Disburse ASUU N30bn Earned Allowance, Others

The federal government has reached an agreement with the Academic Staff Union of Universities (ASUU) in a Thursday meeting convened to end the seven-month strike declared by the union. According to Punch, government team led by Minister of Labour, Chris Ngige, his minister of state, Festus Keyamo (SAN), and others have release N30bn earned academic allowance to the university…

Read more

CBN Reveals Plans To Fund Research On Nigeria’s Coronavirus Vaccine

The Central Bank of Nigeria has revealed that the apex bank will be funding a research for a Nigerian Coronavirus vaccine. The CBN Governor, Godwin Emefiele disclosed this at the unveiling of THISDAY Dome testing, tracing, and treatment centre on Tuesday in Abuja. He said they are currently designing a framework which includes grants and long term facilities for “researchers,…

Read more

COVID-19: IMF Grants Nigeria $3.4bn Emergency Support To Fight Pandemic

The Federal government has been granted $3.4 billion by the International Monetary Fund IMF after requesting to help address the severe economic impact of the COVID-19 pandemic and the sharp fall in oil prices. On Tuesday April 28, the Executive Board of the International Monetary Fund (IMF) approved the financial request, according to LIB. In a statement…

Read more

Lai Mohammed Reveals Why Donated COVID-19 Funds Can’t Be Disbursed To Nigerians

Hours after Nigerians clamored on social media, Lai Mohammed, Nigeria’s Minister of Information, has explained why the Federal government cannot share to Nigerians the N15 billion-worth funds donated by private Nigerians and organizations for the fight against COVID19. The Minister was featured on a Radio Nigeria programme today April 14, where he discussed about the money donated…

Read more

COVID-19: Mike Adenuga Redeems Pledge Towards Relief Fund, Otedola Advises Others To Do So

Billionaire businessman, Femi Otedola has called out other wealthy Nigerians yet to fulfill their pledges to the COVID-19 relief fund. Recall that immediately after the outbreak of Coronavirus in Nigeria, many public figures came out to publicly make donations towards the fight of the pandemic. Chairman, Globacom, Chief Michael Adenuga, has however redeemed his N1 billion pledge hours…

Read more

Federal Government To Release N6.5bn For Coronavirus Emergency Intervention

As the novel Coronavirus spread intensifies, the Federal Government has announced plans of releasing additional N6.5billion as an emergency intervention to the National Centre for Disease Control (NCDC). Bashir Ahmad, the personal assistant on new media to President Buhari revealed on Thursday via his official Twitter account. According to Ahmad, the move which was confirmed by…

Read more

Lagos Thanks Donors, Seeks More Support For Abule-Ado Explosion Victims

The Lagos State Government has appreciated the individuals and organizations that heeded its call to support victims of the Abule Ado explosion Governor Babajide Sanwo-Olu set up a N2 billion Emergency Relief Fund to provide relief. No fewer than 20 people died and property worth billions of Naira destroyed in the March 15 disaster. Lagos…

Read more

Coronavirus: Nigerians React As CBN Announces N1.1tn Intervention Fund

Nigerians have generated mixed reactions on social media after Central Bank of Nigeria on Wednesday announced a N1.1tn intervention fund to support critical sectors of the economy, including the global pandemic, COVID-19. The CBN Governor, Mr Godwin Emefiele said this in a statement made available to journalists. Adding that out of the N1.1tn, about N1tn…

Read more