Global, Local Manufacturers Pump Billions of Dollars to fight Coronavirus Pandemic  

Manufacturing

 

By Industrial Digest 

 

Aware that “Without consumers, businesses won’t exist”, multinational and local manufacturers, especially in the food industry have so far committed  billions of Dollars to help governments here and there to bring an end to the Coronavirus (COVID-19) pandemic.

As at the time of this report, the latest figures published by John Hopkins University, revealed that 2.4 million cases have been detected worldwide with 170,399 deaths and 652,982 people now recovered.

In Nigeria, there had been 665 cases with 22 deaths and 188 people recovering from the virus (April 21 figure).

Tracking by Industrial Digest on Manufacturers spending to fight the pandemic, since it broke out till-date, shows that on the global scene, Coca-Cola, Nestle, Mondelez International including Olam International is in the Vanguard of the fight against the dreaded Coronavirus.

Also, at the local level, Dangote Industries Limited, BUA Sugar Refinery, African Steel Mills Nigeria Limited and Flour Mills of Nigeria Plc including Friesland Campina Wamco, Tolaram Group Africa Enterprises Limited and Bank of Industry are big donors in the battle against the pandemic.

These firms have made a cumulative donation of over N6.5 billion to the Nigerian Private Sector Coalition against COVID-19 (CACOVID) Fund, an initiative of Access Bank and Dangote Group.

Here is a breakdown of the money donated to the COCAVID Fund bythese firms: Dangote Industries N2 billion, BUA Sugar N1 billion, Africa Steel Mills N1 billion and Flour Mills N1 billion. Others are Friesland Campina N500 million, Tolaram Group N500 million, Bank of Industry N500 million, among others.

Aliko Dangote

 

Global Donors

♦Coca-Cola 

The Coca –Cola Company and the Coca-Cola Foundation have announced the donation of over $120 million to support the Covid-19 relief and response efforts in the affected communities.

Manager, Public Affairs of the Coca-Cola Company in Nigeria, Mrs. Amaka Onyemelukwe, who disclosed this, said “In the immediate, we are working with our NGO partners to provide support towards Covid-19 communication, provision of protective kits and drinks for health workers.”

She stated that the company resolved to do this because it’s the right thing to do and because we know that by working together, we can make a difference.

 ♦ Nestle  CHF 10m

Mark Schneider, CEO of Nestlé, the parent company of Nestle Nigeria Plc, said:  “At Nestlé, we care deeply for people and for the communities in which we operate, and we have an essential role to play during the COVID-19 crisis.

He said that the company has approved the donation of CHF 10 million for immediate deployment in countries where it is most needed.

♦Mondelez $15m

 Mondelez International, the parent company of Cadbury Nigeria Plc, said it is committing US$15 million to aid COVID-19 relief efforts worldwide.

In a statement on its website, the company said that the funds will be allocated to organisations that provide food stability and emergency relief to high-risk communities around the world.

“The relief programme will be supported by the Mondelez International Foundation in collaboration with both local and global brand partners,” it said.

♦Olam S$1.2m

Olam International also responded to the COVID-19 pandemic through the donation of S$1,274,340 for The Courage Fund in Singapore.

Olam’s Co-Founder and Group CEO, Sunny Verghese, said that the company stands united with the global community amid challenging times as the COVID-19 crisis continues to unfold and impact all.

He disclosed that more than 200 employees and members of the Board came together to donate S$637,170, which was matched dollar-for-dollar by the Company.

The funds provide relief for those affected by the COVID-19 crisis, particularly patients; healthcare and front line workers, and vulnerable Singaporeans.

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