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BoI donates N700 million towards COVID-19 relief aid

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Nigeria’s Development Finance Institution, Bank of Industry (BoI) has joined other corporates and philanthropists supporting the fight against the spread of coronavirus in Nigeria through the donation of N700 Million in relief funding.

The bank yesterday announced that it has contributed N500 Million of its relief funding to the Private Sector Coalition Against COVID-19 (CACOVID). This donation will go towards a fund that has been created to provide more testing, isolation and treatment centers across all geo-political zones. In addition, the bank is providing financial support of N100 Million to the FCT Ministerial Committee on COVID-19 and is also supporting the Lagos State Government with N100 Million. This will advance regional efforts to combat the spread of the pandemic through the supply of critical care equipment, facilities and essential relief aid.

BoI also reaffirmed its commitment to continue to provide access to finance to Nigerian enterprises, in line with its strategic mandate.

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