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Thursday, April 23, 2020 /01:15 PM / By SEC Nigeria / Header Image Credit: SEC Nigeria
Following
the confirmation of the COVID-19 index case in Nigeria on February 27, 2020 and
the subsequent identification of other cases, the Federal and State Governments
have introduced several measures to contain the spread of the disease. The
private sector has also thrown its weight behind the Government in an effort to
contain its spread and alleviate the economic, and medical hardship brought
about by the pandemic.
While acknowledging on-going
efforts at providing critical medical supplies and palliatives to Nigerians,
the Nigerian capital market community recognises that more still needs to be
done, especially for the vulnerable in our society.
To this end, the Nigerian capital
market community, led by the Securities and Exchange Commission, on Thursday,
April 16, 2020, inaugurated a market-wide Committee, the Capital
Market Support Committee on Covid-19, to coordinate the capital
market community's effort in mitigating the medical and economic impact of the
pandemic on the vulnerable and the less privileged.
The Committee has commenced work
and has set a target to raise the sum of One Billion Naira (N1,000,000,000)
from market participants and stakeholders within the shortest possible time.
The money will be used to provide palliatives to the impoverished and medical
equipment to designated hospitals and isolation centres.
This is a challenging time for
everyone and the capital market community cannot afford to stay on the
side-lines in the fight against Covid-19.
We urge fellow Nigerians to
continue to take all necessary safety precautions and abide by all directives
issued by the Federal Government and its relevant agencies.
Together, we will overcome this
pandemic.
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