Home » Mike Adenuga donates N1.5bn against COVID19
Business Coronavirus Finance Headlines News

Mike Adenuga donates N1.5bn against COVID19

Billionaire businessman and one of Africa’s richest entrepreneurs, Mike Adenuga, has announced a donation of N1.5 billion towards to combat the outbreak of the coronavirus in Nigeria. 

The amount, which is the highest individual donation so far in the country, is broken into two: an initial N1 billion to the Central Bank of Nigeria (CBN) for the Nigerian Private Sector Coalition Against Covid-19 and N500 million to the Lagos state government.

The donations came through the Mike Adenuga Foundation, TheCable reported.

Announcing the N500 million donation in a letter to the governor of Lagos, Jide Sanwo-Olu, the Globacom chairman wrote: “We shall in addition to this contribution actively continue our ongoing efforts to assist various bodies and institutions in the country with the supply of such essential items as Sanitizers, Masks, Test kits, Ventilators, PPEs and other necessary requirements.”

Africa’s richest man lead charge against Covid-19

Access Bank Plc, Nigeria’s biggest lender by assets, is teaming up with Africa’s richest man Aliko Dangote to provide treatment and isolation centres in the country.

United Bank for Africa Plc, another leading lender, said it will donate about N5 billion ($13 million).

Atlas Mara-backed Union Bank has also partnered with 54gene, a U.S.-based genetic research company, using a $500,000 funding facility to increase Covid-19 testing capacity in Nigeria to 1,000 daily.

State-owned Nigerian National Petroleum Corporation announced on Friday a donation of $30 million from the oil industry.

Minister and Senators have also pledged 50 per cent of their March salary to tackle the pandemic.

Leave a Comment

%d bloggers like this: