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FG raises 226.8bn to tackle COVID-19 – Special audit

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COVID-19

The federal government on Thursday, January 14, declared that it raised a total of N226.85 billion from various sources in response to the COVID-19 pandemic between March and June 2020.

Techeconomy.ng obtained this from an interim report on the special audit of the government of response to the COVID-19 pandemic for the period.

This medium also gathered that the report was released by the office of auditor-general of the federation and signed by the Auditor-General for the federation, Anthony Ayine.

According to the report, in the course of implementing the COVID-19 intervention activities, funds mobilised from various sources as of June 30, 2020 include N22.2bn disbursed by the Federal Government to the Presidential Task Force.

The report also stated that N24.6bn was disbursed by the government to the participating agencies, while N30.1bn was raised by the Coalition Against COVID-19 and was under their direct management.

It unveiled further that N17bn was paid directly by the government to some states as support, adding that N110.05bn in cash and in kind was raised by 12 international development partners and their intervention efforts were on-going in collaboration with the PTF.

The audit stated that N21bn was raised by the NNPC and its oil and gas sector partners and was under their direct management, while N1.9bn was donated by the public into designated accounts with five commercial banks.

The interim report also covered findings from the audit of transactions amounting to N4.9bn as at June 30, 2020 (N191m at the PTF and N4.7bn at participating agencies).

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