Kuda Partners With Lagos Food Bank to Raise Funds and Distribute COVID-19 Relief Materials

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CBN Licenced Digital Banking Platform, Kuda, Raises $1.6m Pre-Seed Funding
Babs Ogundeyi and Musty Mustapha

Nigeria’s digital-only bank, Kuda Bank, has launched a COVID-19 fund to help buy and distribute food and other essentials to people badly affected by the economic impacts of the COVID-19 pandemic in Lagos, Nigeria.

Nigeria joins the rest of the world as it grapples with Covid-19 pandemic

Launched on Friday, the Fund received an initial contribution of 500,000 naira from Kuda before being opened to the general public. Members of the public who wish to contribute to the fund can do so by following this link below.

Palliative measures needed to help sustain Covid-19 lockdown

The Federal Government of Nigeria on Sunday, March 29, issued placed Lagos state on lockdown for an initial 14 days. This was to help check the spread of the virus in that state. Ogun state was also included in the presidential lockdown alongside the Federal Capital Territory, Abuja.

With nearly 90 million Nigerians (50%) living in extreme poverty and many Lagosians feeding from hand to mouth, it is obvious that sustaining a lockdown requires access to food, water, medicine and a host of other necessities.

Thus, to sustain a lockdown, citizens need all the help they can get. This makes Kuda Bank’s initiative a very laudable one. It basically gives richer Nigerians a platform to help support poorer Nigerians in this time of great need.

Kuda Bank Covid-19 Fund

The need for the privileged to help the less-privileged at this critical time is reflected in the rallying call issued by Kuda Bank CEO, Babs Ogundeyi, while launching the fund.

For those of us who are a bit more comfortable, it’s our responsibility to help everyone else.

Babs Ogundeyi , CEO, Kuda Bank

The Fund is an independent relief fund run by Kuda Bank in partnership with Lagos Food Bank, a non-governmental organisation with a track record of providing aid across Lagos State.

“We partnered with Lagos Food Bank because they have shown transparency, responsibility and diligence in using donations to help people in need within Lagos State,” Ogundeyi said.

Kuda Bank Partners Lagos Food Bank to Distribute COVID-19 Relief Materials
So far, more than N1,000,000 has been raised

As of Monday, April 6, the fund had raised over 1 million naira in donations from Kuda, its customers and members of the public. All donations made will go to Lagos Food Bank and used to buy food and other essentials for open distribution in the city of Lagos.

Kuda is committed to making sure the fund is handled transparently, going as far as providing real-time updates online as donations are made.


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