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First bank, others to pool $80m for humanitarian causes in Northeast

Sunrise by Sunrise
June 19, 2019
in Business
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First bank, others to pool $80m for humanitarian causes in Northeast

First bank Chairman Mrs Ibukun Awosika

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By Olukayode Michael, Maiduguri

The First Bank of Nigeria Chairman Mrs Ibukun Awosika would be leading other captains of industries in Nigeria to raise $80 million towards the Northeast humanitarian assistance managed by the United Nations.

The Nigerian Humanitarian Fund established and managed by the United Nations to provide humanitarian assistance to largely troubled Northeast Nigeria has so far raised $90 million in contributions and pledges, thanks to support of seventeen donor countries.

This the Nigeria’s private sector hope to match with the planned contribution $80 million, which presents an unprecedented opportunity for Nigerian businesses to lead the way in bringing Nigerians together for Nigeria.

From left to right: Mr Bukar Kyari (immediate past chairman of the Nigeria Economic Summit Group, Mr Adebiyi Olagbami (Executive Director of Ecobank), Mrs Ibukun Awosika (Chairperson of First Bank and Ms. Alta Bell (UN Humanitarian Financing Advisor) during a UN-Private sector visit to Mohammed Goni IDP camp in Maiduguri, Borno state, on 18 June 2019.

In order to have a first-hand information on situation in the Northeast some of Nigeria’s leading bank executives came together to show solidarity with their fellow Nigerians affected by the ongoing crisis in Borno State by paying a visit on Tuesday.
In a collective visit to two camps for internally displaced people in Maiduguri, the Borno State capital, companies and banks that are part of the Nigeria Humanitarian Fund – Private Sector Initiative reiterated their commitment to the humanitarian response and taking ownership of it.

One of the bank top executives, Mrs. Ibukun Awosika, Chairman of First Bank of Nigeria Limited, during the visit, said: “These are our people, this is our country, and this is our problem. As much as we are getting help from the rest of the world, we must be able to find solutions for our own people. As a Nigerian, the people I met here today are our brothers, our sisters and our children, and I don’t wish to see any single one of them living in the conditions we saw here today.”

She added: “That gives us the impetus and the drive to take the situation more seriously than we ever did. Our vision is beyond what our companies can do. Our goal is to get every single Nigerian to own this situation.”

 Awosika, led a delegation that included Mr. Biyi Olagbami, Executive Director of Ecobank, Mr. Kyari Bukar, Co-Chair of the NHF PSI Steering Group, and Mr. Olumide Akpata, Senior Partner of Templars Law Firm, among others, to Maiduguri where they met and interacted with displaced men, women and children who are bearing the brunt of the ten-year conflict in Nigeria’s north-east.

As the protracted crisis continues, Nigeria’s private sector is stepping into the realm of humanitarian response and has pledged to contribute resources and identify collaborative avenues to address the humanitarian needs of more the 7.1 million people in need across Borno, Adamawa and Yobe states. 

 They joined the UN Humanitarian Coordinator in Nigeria, Mr. Edward Kallon, who emphasized the crucial role Nigeria’s private sector has to play in driving forward effective solutions. 

  “The Nigerian Humanitarian Fund Private Sector Initiative is an innovative platform to foster effective collaboration between the UN, the Government of Nigeria and leading Nigerian business. We are here today to see how we can work with them to mobilize action and resources to meet the needs of the displaced people in north-east Nigeria,” said Edward Kallon, United Nations Humanitarian Coordinator for Nigeria.

Tuesday’s visit is the second visit of private sector leaders to Borno State as part of the Nigeria Humanitarian Fund-Private Sector Initiative (NHF-PSI). 

The NHF-PSI is a ground-breaking global initiative created in Nigeria and managed by the United Nations Office for the Coordination of Humanitarian Affairs on behalf of the UN Humanitarian Coordinator. The initiative will see Nigerian companies join donor countries in pooling donations and resources together. The platform aims to create a more collaborative and effective response by bringing awareness to the ongoing humanitarian crisis – one of the most severe in the world – which is predominantly affecting women and children.

Fourteen of Nigeria’s leading companies signed up to the initiative launched in Lagos in November 2018, which will harness their financial resources, innovative capacity and entrepreneurial drive in support of the humanitarian response.  The NHF-PSI offers a measurable and accountable platform for companies to pool their resources together to more effectively transform the lives of millions of their fellow Nigerians.

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Tags: Adamawa StateBoko HaramBorno StateIbukun AwosikaIDPNigerian Humaitarian FundYobe State
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