- Posted by Editor
- On May 17, 2020
- 0 Comments
The Nigeria vice president, Prof Yemi Osinbajo said given the unprecedented nature of the global pandemic, both in its impact and severity, it was clear that it was a challenge the public sector alone cannot tackle.
“As the pandemic’s impact is unprecedented, so too is the commitment of Nigerians both at home and abroad, who have rallied to help one another and stand in solidarity against this deadly virus,” he said.
The vice president spoke on Thursday in Abuja at an event to announce the impending launch of a Nigeria Solidarity Support Fund (NSSF) to provide additional support for Nigeria’s response to the COVID-19 pandemic.
The fund is an initiative of Global Citizen, a global movement committed to ending extreme poverty by 2030, in collaboration with Nigeria Sovereign Investment Authority (NSIA) to enable Nigerians at home or in the diaspora as well as international donors to contribute to Nigeria’s fight against the pandemic.
The event hosted by the NSIA and chaired by the vice president also had the Minister of Finance, Budget and National Planning, Zainab Ahmed, in attendance.
Others present included the Chairman of the Board of Directors of the NSIA, Jide Zeitlin, and the Managing Director, Uche Orji, with Global Citizen represented by the Chairman of Global Citizen Nigeria, Babatunde Folawiyo, and the Vice-Chairman, Aigboje Aig-Imoukhuede.
Mr Osinbajo noted the significant health, social and economic challenges the COVID-19 pandemic has presented across the world, adding that the Nigerian government instituted measures to contain the spread of the virus.
Despite efforts to increase access to testing, ensure contact tracing and isolation as well as implementation of social distancing to contain the potentially devastating impact of this deadly virus, he said more support was needed.
“The government of Nigeria is delighted that the NSIA, together with the world’s leading international advocacy organization, Global Citizen, and their partners, have embarked on a process to set up a new funding vehicle,” he said.
“The NSSF will provide support to our most vulnerable communities in the fight against COVID-19,” he added.
The NSIA Board Chairman, Mr Zeitlin, said the NSSF would be incorporated as a non-government charitable foundation to be managed professionally and transparently governed in line with global best practices.
He said the advisory board of the fund would comprise eminent and qualified men and women to ensure the funds are effectively used and properly accounted for, to the benefit of all Nigerians.
“This stakeholder led-and-resourced mechanism will provide tools to augment ongoing efforts to respond to COVID-19 in communities across Nigeria, as well as to strengthen health systems in the aftermath of the acute pandemic response,” he said.
“As the SWF of the most populous country on the continent, it is important for the Board of the NSIA to support collaborations of this nature, which further strengthens the nation’s response to the Covid-19 pandemic