Covid-19 donations to be used to fund supplementary budget - Ministry of Finance

Covid-19 donations to be used to fund supplementary budget - Ministry of Finance

- Donations made for covid-19 will be used to fund supplementary budget

- This is according to a new framework seen by the news outlet

- As a result of this, accounts will be opened with Zenith Bank, Access Bank, Guarantee Trust Bank, UBA; and First Bank

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The Cable reports that the ministry of finance says the federal government will be using private sector COVID-19 donations to fund a 2020 supplementary budget.

This was reportedly disclosed by the office of the accountant-general of the federation, via a new framework seen by the news outlet.

According to the reports, in addition to the main CACOVID Fund Account with CBN, President Buhari approved the opening of five COVID-19 Donor Accounts.

The accounts will be opened with Zenith Bank, Access Bank, Guarantee Trust Bank, UBA; and First Bank.

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The accounts will however be subject to “existing TSA arrangement”

It said the framework “covers all public funds allocated and dedicated to the fight against COVID 19 including the Fiscal Stimulus Package”.

“It also applies to all donations by corporate bodies and individuals to the Federal Government of Nigeria towards the fight against COVID 19 and the mitigation of its social and economic effects on citizens at large including donations under the Private Sector Coalition Against COVID-19 (CACOVID) Fund domiciled at the CBN.”

Legit.ng had reported that as Nigeria continues to battle the coronvirus pandemic, former Ekiti state governor, Ayodele Fayose, has called on the federal government to prevail on network and cable providers to reduce tariffs.

According to the former governor, the reduction in tariffs will help in supporting Nigerians during this period.

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He disclosed this in a tweet on Wednesday, May 6.

"Nigerians have been at home since the beginning of this Covid-19 pandemic, even now that the lock down is relaxed, causing increase in Data usage. Govt will be kind enough to prevail on Network and Cable TV Providers to reduce their tariffs to support Nigerians at this time," he wrote on Twitter.

Legit.ng had also reported that Fayose has called on governments at all levels religious bodies, corporate organisations and well-meaning individuals to focus on strategic implementation of “stomach infrastructure.”

The Nation reports that Fayose, in a statement made available to newsmen on Monday, April 6, in Ado Ekiti through his media aide, Lere Olayinka, said that his advice should be taken seriously.

Legit.ng gathered that the former governor said hunger can kill faster than coronavirus.

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Source: Legit.ng

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