• April 14, 2021

CSR: NDIC Supports War On COVID-19 With N1Billion


By Jude Obuseh

The list of corporate organizations throwing their immense weight behind Nigeria’s ongoing Anti-COVID-19 efforts has been further boosted by the contribution of the Nigeria Deposit Insurance Corporation (NDIC) to the course.

NDIC, in a statement signed by Sunday Oluyemi, its Director of Communication and Public Affairs, pledged to donate the sum of N1billion to the relief fund being managed by the country’s apex financial institution, the Central Bank of Nigeria.

Excerpts of the statement are as follows:

“It would be recalled that the Bankers Committee led by the Central Bank of Nigeria (CBN) at its emergency Tele- Conference call meeting on March 30, announced that the Committee and the private sector had set up an account at the CBN under the auspices of the Private Sector Coalition Against COVID-19.

“The Fund receives contributions from individuals as well as corporate organisations to complement the efforts of the Federal Government in containing the spread of the pandemic.”

NDIC further stated that:

“In approving NDIC’s contribution to the Fund, the Board of the Corporation acknowledged that it was not only consistent with its policy on Corporate Social Responsibility (CSR); it also noted that the proceeds will be utilized in the provision of equipment and urgently needed medical facilities throughout the nation. 

“This will include the procurement of testing kits, isolation and treatment centres as well as the provision of Intensive Care Units (ICUs), and molecular testing labs wherever required.”

NDIC joins a list of corporate bodies such as the Dangote Group, UBA, Zenith, Multichoice, NNPC and its subsidiaries,  and prominent Nigerian philanthropists such as Aliko Dangote, Tony Elumelu, Albert Wigwe, Atiku Abubakar, Bola Ahmed Tinubu, Mike Adenuga Jnr, Folorunsho Alakija, Femi Otedola and others who have extended their support to ongoing efforts to stem the spread of the dreaded novel coronavirus in Nigeria.


Agenda Watchdog

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