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During the #EndSARS protest which started peacefully but later got hijacked by thugs, resulting in vandalisation and looting of public and private assets in almost all the states in the country.
In a statement released during a press briefing in Lagos on Wednesday at the office of the CBN, the Central Bank Governor, Godwin Emefiele, said the Coalition Alliance against COVID- 19 will rehabilitate all the police stations that were damaged in the country as a result of wanton destruction and lootings that followed the recent #EndSARS protests.
He also disclosed that CACOVID had so far spent N43 .27bn on the acquisition of medical equipment and supplies, and food palliatives for the vulnerable, among others.
The CBN governor said the alliance planned to spend N 150bn on youth empowerment.
“CACOVID has committed to fully rehabilitate all 44 damaged and destroyed police stations nationwide in a bid to restore provision of security in affected locations,” the statement read.
“To further strengthen the security apparatus in the country, CACOVID has committed to provide over N100 billion to procure equipment and gadgets for the Nigerian Police Force over the next 2 years; as our contribution to fully modernise the Nigerian Police.”
“Selected students on conclusion of the program will be certified by the appropriate standards board and will be eligible to receive loans to support their entrepreneurial pursuits,” CACOVID said.
“So far, over N25 billion will be domiciled in a fund to support these entrepreneurial pursuits, which would also include acquisition of related equipment to conduct business activities.”
The coalition added that graduates with entrepreneurial skills will benefit from its joint venture with Bankers Committee to complete the creative center at National Arts Theater, Lagos.
CACOVID said it received a total of N39.64 billion as donation from members of the private sector and spent N43.272 billion on various interventions.
It said N13.2 billion was spent on medical facilities and equipment, N28.7 billion on food supplies as palliatives to 1.7 million households which translates to 8 million Nigerians and the rest went towards creating awareness about the coronavirus.
CACOVID also unveiled a N150 billion technical and vocational education development program to empower 4 million youth, which would run for 5 years.
