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Business News of Monday, 30 March 2020

Source: www.mynigeria.com

Folorunsho Alakija pledges N1billion to support FG against COVID-19

Folorunsho Alakija Folorunsho Alakija

Modupe Folorunsho Alakija, the Chairman of Famfa Oil Limited, has pledged to donate the sum of N1billion to the Federal Government towards the fight against COVID-19.

In a statement issued on Sunday, Famfa Oil Limited commended the Federal Government for its effort in the fight against the virus and enjoin all Nigerians to follow stipulated health guidelines in order to keep us all safe.

The statement reads: "As the world rallies to deal with the health, security, economic and social implications of the coronavirus, it’s clear that we will feel the effects much more deeply than many of the developed world. Managing a crisis of this magnitude means that the strength of our response will determine our ability to weather the storm.

Individually and collectively, we are rising to this unprecedented challenge in a way that symbolizes our resilience, our character and strength.

Famfa Oil Ltd is pleased to be able to make this contribution and will work in consultation with key stakeholders such as:

National Center for Disease Control, N250,000,000 (Two Hundred and Fifty million Naira)

Lagos State Government, N250,000,000 (Two hundred and Fifty million Naira)

African center of Excellence for Genomics of Infectious Diseases, 50,000,000 (Fifty million Naira)

Medical Workers on the Frontline in Lagos, 100,000,000 (One hundred million naira)

Medical Workers on the Frontline in Abuja, 100,000,000 (One hundred million naira)

Supply Of Medical Equipment to relevant organizations, 245,00,000 (Two and forty-five million Naira)

DR Ameyo Stella Adadevoh (DRASA), 5 Million Naira (Five million Naira)

With our contribution, we will together take the charge in our fight against the Coronavirus. These are the organisations we as a company will work in adhering to their needs and will interact with suppliers so that we can deploy our contribution in the most impactful way.

Famfa Oil Ltd commends the efforts made by the Federal and State Governments towards the fight against the pandemic in Nigeria and enjoin all Nigerians to follow stipulated health guidelines in order to keep us all safe".