COVID 19: UBA donates N5b, N1b to Lagos state

United Bank for Africa Plc (UBA) has through the UBA Foundation has donated over N5bn ($14 million) to catalyse a comprehensive pan-African response to the fight against the coronavirus (COVID-19) global pandemic.

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Mr Tony Elumelu, Chairman UBA Group Chairman, said: “This is a time when we must all play our part. This global epidemic must bring citizens, governments and business leaders together – and quickly.

“As we see a rapidly increasing number of cases of the coronavirus in Nigeria and Africa, the private sector has to work hand in hand with various Governments, in stemming the spread of the global pandemic.

“We commend the efforts of governments and we are keen to partner and contribute our resources to the collective effort that will ensure the response to the pandemic is swift and effective.”

To benefit from the support are Nigeria and 19 other African countries who are targeted at supplying relief materials, including critical care facilities and financial support to governments.

Money distribution

• Lagos State Government is to draw N1bn ($2.8million);
• Federal Capital Territory, Abuja will get N500 million ($1.4 million)
• 35 states to get N1 billion ($2.8 million) and
• N1.5 billion ($4.2 million) to UBA’s presence countries in Africa.
• N1 billion ($2.8 million) for Medical Centres with equipment and supplies as well as free telemedicine call centre facility.

UBA also added that it will fund a medical centre immediately in Lagos with beds for isolation and ICU facilities managed and operated in partnership with Heirs Holdings’ healthcare subsidiary, Avon Medical Hospital.