Private sector coalition contributes £100bn to tackling insecurity in Nigeria

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Insecurity is one of the most pressing challenges in Nigeria right now as it has directly affected the lives of millions of people. It has also had a negative impact on businesses and other economic activities. It is therefore imperative that the private sector join forces with the government in this fight.

“We have just raised £100 billion, under the Private Sector Coalition, to help tackle insecurity or to support the capabilities of our security agencies to be able to deal with the security challenges we face. in the country,” Elemelu said.

“We believe that if they are well armed and protected, it will go a long way to ensuring security in Nigeria.”

Elemelu also revealed that the Private Sector Coalition has spent over N60 million to fight the COVID-19 pandemic which has also negatively impacted the social and economic life of the country.

“…We have spent nothing less than 60 billion naira so far. And I think the most important thing was the strong decision we made to open up the Nigerian economy,” continued the UBA Group Chairman.

“Then after covid – not that COVID is completely over – we spent so much money getting people vaccinated; even supporting government agencies with money to enable them to do so much to keep Nigeria healthy and safe.

Apart from his role at UBA Group, Elemelu is also Chairman of Heirs Holdings, Transcorp and the Tony Elumelu Foundation. He was selected as one of the 100 Most Influential People of 2020 by TIME Magazine.

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