Billionaire businesswoman Folorunsho Alakija pledges N1bn to support FG’s fight against coronavirus

The Chairman and Vice-Chairman of Famfa Oil Limited, Modupe and Folorunsho Alakija have donated N1billion to support the fight against COVID-19 in Nigeria.


According to them, the donation symbolises their resilience, character and strength as they plan to work with the National Centre for Disease Control (NCDC).

In a statement issued, the business philanthropists also announced the donation of N250million Lagos State Government and the NCDC respectively.


“As the world rallies to deal with the health, security, economic and social implications of the coronavirus, it’s clear that we will feel the effects much more deeply than many of the developed world. Managing a crisis of this magnitude means that the strength of our response will determine our ability to weather the storm.

Individually and collectively, we are rising to this unprecedented challenge in a way that symbolizes our resilience, our character and strength,” the statement partly read.

Similarly, the medical workers on the frontline in Lagos and Abuja will each get N100million while another N100m will be for the supply of medical equipment to relevant organisations.

Also, the African Centre of Excellence for Genomics of Infectious Diseases, Dr Ameyo Stella Adadevoh foundation (DRASA), and the Commission for Refugees Migrants and Internally Displaced Persons were supported each with N50million.

Alakija believes that the listed organisations will decide on where to deploy their contribution to the needed impact.