(Lagos, Nigeria | Thursday, September 3, 2020) – International advocacy organization Global Citizen and the Nigeria Sovereign Investment Authority (NSIA) have partnered to create the Nigeria Solidarity Support Fund (NSSF), a fund for Nigerians by Nigerians to combat the devastating effects brought on the people of Nigeria by COVID-19 and its associated restrictions. The COVID-19 pandemic has impacted the lives of every Nigerian, healthcare systems have become overwhelmed and need critical support. The Nigeria Solidarity Support Fund has been created to support vulnerable groups, strengthen Nigeria’s healthcare systems and reskill the Nigerian youth for a post COVID-19 era.
“We all have a part to play in improving the lives of our fellow Nigerians. Now is the time that we can make a difference, whether you are a corporate or an individual there is a role for you. In order for this fund to be a success we need the whole country to get behind us and donate. This fund has been created by Nigerians, for Nigerians for the betterment of our country,” said Tijani Babatunde Folawiyo, Chairman Global Citizen Nigeria.
With an initial target of $50 million the NSSF hopes to raise donations from Nigerians in the country as well as in the diaspora, multilateral organisations, philanthropists, HNIs, corporates, the public sector and international businesses.
Grants will be awarded to fund projects that support three core objectives of NSSF. The fund will target Nigeria’s most vulnerable communities and will vary across initiatives determined by the Nigeria Solidarity Support Fund Statutory Board, who will set grant floors and ceilings.
The NSSF has set three core COVID-19 response, mitigation, recovery and resilience objectives:
The NSSF is subject to a three-tier governance system aimed at ensuring that all contributions to the Fund are recognised, accounted for and effectively managed, and to ensure that all disbursements are aligned with the Fund’s mandate and the impact thereof is measured and reported.
Governed by a Statutory Board made up of experienced and reputable board members the NSSF is independently administered and transparently managed through a fund management system which aims to ensure that all contributions are responsibly administered and disbursed in order to have the greatest possible impact in combating the COVID-19 pandemic and lessening its effects.
“We have an extremely experienced and highly regarded Board of Directors in place who are actively involved in the day to day running of the trust. The team have worked tirelessly behind the scenes to ensure that all the necessary governance and procedures are in place for a transparent fund and to give all donors the peace of mind that their funds are going directly to the people that need it most. We are all very proud of what we have created, and hope that all Nigerians will now support it,” commented Uche Orji, Manager Director and Chief Executive Officer, NSIA.
It is quick and easy to support the NSSF by pledging your support and actively making a difference, no amount is too small.
Nigerians together can make a difference and support through the following channels:
The fund will initially run for eighteen months with strong plans to sustain its existence to ensure the overall objectives are met.
Aigboje Aig-Imoukhuede, Vice Chairman, Global Citizen Nigeria concluded: “We are proud that as Nigerians we can rally to support the most vulnerable in our society, and we look forward to making a significant impact in combating the tragic effects of the COVID-19 pandemic.”
To find out more about the Nigeria Solidarity Support Fund (NSSF), visit the website at www.nigeriasolidaritysupportfund.ng or follow us on Twitter at @NSSF_ng, Instagram at @nssf_ng, Facebook at NSSF.ng and LinkedIn at NSSF-ng.
The Nigeria Sovereign Investment Authority, a corporate body established by the Nigeria Sovereign Investment Authority (Establishment, etc.) Act 2011, is mandated to manage funds in excess of budgeted hydrocarbon revenues. Its mission is to play a leading role in driving sustained economic development for the benefit of all Nigerians through building a savings base for the Nigerian people, enhancing the development of Nigeria’s infrastructure and providing stabilisation support in times of economic stress. NSIA operates three mandate funds: the Stabilisation Fund, the Future Generations Fund, and the Nigeria Infrastructure Fund. For more information please, visit: www.nsia.com.ng.
Global Citizen is the world's largest movement of action takers and impact makers dedicated to ending extreme poverty by 2030. With over 10 million monthly advocates, our voices have the power to drive lasting change around sustainability, equality, and humanity. We post, tweet, message, vote, sign, and call to inspire those who can make things happen to act — government leaders, businesses, philanthropists, artists, and citizens — together improving lives. By downloading our app, Global Citizens learn about the systemic causes of extreme poverty, take action on those issues, and earn rewards with tickets to concerts, events, and experiences all over the world. To date, the actions of our community, along with high-level advocacy efforts and work with partners, has resulted in commitments and policy announcements from leaders valued at over $48 billion, affecting the lives of more than 880 million people. For more information, visit GlobalCitizen.org.
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