Abuja—The Federal Government has said funds donated by the private sector towards fighting corona virus were meant for development of healthcare infrastructure and cannot be used to provide palliatives during the lock down. The Minister of Information and Culture, Alhaji Lai Mohammed, stated this when he featured on a Radio Nigeria programme, “Politics Nationwide,” monitored by the News Agency of Nigeria, NAN, yesterday.
Mohammed was responding to comments from Nigerians requesting that part of the billions of naira being donated by public-spirited individuals and private institutions should be shared to the people to cushion the effect of the extended lockdown. The minister said the Presidential Task Force for the Control of Coronavirus was neither with the money nor in control of it, and could not share a penny from the fund to anyone. “The private sector donors are not giving any cash to the Federal Government and they have made this clear to the people. “They said they will support the fight against the pandemic by asking government where they want healthcare infrastructure to be provided. “What government has done is to request them to build a 30-bed isolation ward and a 10-bed Intensive Care Unit in each state in the country. “In addition, the Federal Government has given them a list of equipment and commodities that will also be needed Therefore, the issue of using their donations to provide palliative cannot arise,” he said. Mohammed said in addressing the issue of palliative, every country adopted peculiar strategy that was workable and acceptable. He said Nigeria was leading and remained the best in the whole of Africa in the area of provision of palliative to citizens as the world battles the scourge. The minister said the Federal Government had taken a lot of measures to cushion the effects of COVID-19 on Nigerians, including food distribution, cash transfers and loans repayment waivers.
He recalled that on March 18, government reduced the price of petrol from N145 per litre to N125 per litre, with that reduction going further down to N123.50 per litre. The minister added that President Muhammadu Buhari had directed a three-month repayment moratorium for all TraderMoni, MarketMoni and FarmerMoni loans as well as Federal Government-funded loans issued by the Bank of Industry, Bank of Agriculture and the Nigeria Export Import Bank. He said that interest rates for intervention fund had been slashed from nine to five per cent, while the CBN put aside N50 billion fund to help SMEs. Mohammed said that to cushion effect of the lockdown, satellite towns around Lagos and Abuja were being given relief materials, while the vulnerable and those in IDP camps were being taken care of.