The Central Bank Governor, Godwin Emefiele, has 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 End SARSprotests.
Emefiele spoke during a press briefing in Lagos on Wednesday at the office of the CBN.
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 N150bn on youth empowerment.
He said its preliminary analysis indicated that unemployment, particularly among the youth, was a critical factor behind the unrest.
As a result, he said, CACOVID had committed to create a high impact youth development programme that would provide technical and vocational education to over four million Nigerian youths over the next five years.
Emefiele said selected students on conclusion of the programme would be certified by the appropriate standards board and would be eligible to receive loans to support their entrepreneurial pursuits.
So far, he said, over N25bn would be domiciled in a fund to support these entrepreneurial pursuits, which would also include acquisition of related equipment to conduct business activities.
According to him, these efforts represent some of the essential steps that were important in rebuilding trust and preventing future unrest within the communities.
