Nigerian bourse commits N100m to tackle COVID-19

The Nigerian Stock Exchange says it has committed N100 million to support the fight against coronavirus in Nigeria.

The NSE said N60 million would be donated to the Capital Market Support Committee for COVID-19, while the balance N40 million will be devoted to a campaign, tagged ‘Masks For All Nigerians’.

The CMSCC is a Securities and Exchange Commission-led committee set up to galvanise the capital market ecosystem to play an active role in curbing the spread of COVID-19 in Nigeria.

According to a statement, the ‘Masks For All Nigerians’ campaign will see the NSE donate over 100,000 reusable face masks to states most affected by COVID-19.

The Chief Executive Officer, NSE, Mr Oscar Onyema, said, “At the Exchange, we recognise the health and economic impact of the COVID-19 pandemic on Nigerians and the need to adopt more proactive steps in stemming the tide. 

“In line with our tradition of supporting the communities where we operate, we have launched the ‘Masks For All Nigerians’ campaign to ensure that protective masks get into the hands of citizens in the more vulnerable places.” 

The President of the National Council, NSE, Otunba Abimbola Ogunbanjo said, “We are facing an unprecedented existential threat that requires us to adopt a more collaborative approach in fighting this pandemic especially where social interaction is inevitable.

“As we work to encourage the use of personal protective equipment through adequate production and distribution of reusable face masks, we call on the capital market ecosystem to support this initiative by wearing a mask when in public settings and donating masks.”

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