The Central Bank of Nigeria (CBN), Bankers committee, and Coalition Against COVID-19 (Ca-COVID) alliance have announced a plan to provide recovery support for all households and businesses affected by the crisis that arose during the Endsars protest.
The CBN Governor, Mr. Godwin Emefiele disclosed this while speaking at the launch of the Consultative Forum on Rebuilding Lagos yesterday.
Lamenting the great impact of the unrest on the national economy, Emefiele stresses that Lagos particularly must sustain the recovery effort to protect its economy from catastrophic consequences, the CBN Governor disclosed that the Bankers’ Committee and key stakeholders in the private sector would be unveiling a recovery blueprint next week to support all households and businesses affected by the crisis.
Speaking further on the intervention, that will be delivered under Coalition Against Covid-19 (Ca-COVID) Alliance, Mr. Emefiele said the plan will lead to an effort of rebuilding all the razed police stations and a five-year plan to generate millions of job for the youth.
The Ca-COVID Alliance is committed to the rebuilding and rehabilitation of all the 44 police stations destroyed in the unrest. More than half of the police stations are in Lagos; funds will be provided to rebuild these stations.” Emefiele said Bankers’ Committee had started to take stock of private businesses destroyed in the violence, pointing out that those with existing loan facilities and those with no loan will be supported to come back on their feet.