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#ENDSARS: CACOVID TO SUPPORT POLICE WITH N100BN, REBUILD 44 STATIONS

The Coalition Alliance Against COVID-19 (CACOVID) has said it will provide over N100 billion to procure equipment and gadgets for the Nigerian Police Force for the next two years.


CACOVID, a group formed by the Central Bank of Nigeria (CBN), in collaboration with the bankers’ committee and the private sector, led by Aliko Dangote Foundation and Access Bank, also resolved to fully rebuild the 44 police stations that were destroyed during the nationwide EndSARS protest last month.


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CBN Governor, Godwin Emefiele, while speaking in the company of President, Dangote Group, Alhaji Aliko Dangote, Chairman, United Bank for Africa (UBA), Tony Elumelu and the Chief Executive Officer, Access Bank, Herbert Wigwe, on Wednesday, said the decision was part of the group’s contributions towards modernising the NPF and strengthening the nation’s security outfit.


He said the Bankers Committee and stakeholders under the aegis of the CACOVID had held a series of meetings towards supporting the Government’s efforts in rebuilding confidence in the nation’s economy.


Emefiele added that over N150 billion will be donated to fund the setup and implementation of the youth development program, which will be available at selected training centres across the country.


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The CBN Governor explained that preliminary analysis indicates that unemployment, especially amongst youths, was a responsible for the #EndSARS crises.


He said CACOVID has committed to creating a high impact youth development programme that will provide technical and vocational education to over four million Nigerian youths over the next five years.


Alhaji Dangote said the group has concluded plans to roll out a N25 million empowerment programme for four million youths in Nigeria.

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