Glamtush
No Result
View All Result
  • Home
  • News
  • Beauty
  • Business & Brands
  • Entertainment
  • Fashion
  • Features
  • Lifestyle
  • Politics
  • Sports
  • Telenovelas
  • Events
  • Home
  • News
  • Beauty
  • Business & Brands
  • Entertainment
  • Fashion
  • Features
  • Lifestyle
  • Politics
  • Sports
  • Telenovelas
  • Events
No Result
View All Result
Glamtush
No Result
View All Result
Home Business & Brands

COVID-19: UBA Presents N1billion To Lagos State, Applauds Govt Effort To Fight Pandemic

byeditor
March 29, 2020
in Business & Brands, News, Nigeria News
Reading Time: 3 mins read
Share on FacebookShare on TwitterShare on PinterestShare on WhatsappShare on LinkedinShare on Telegram

COVID-19: UBA Presents N1billion To Lagos State, Applauds Govt Effort To Fight Pandemic

 

READ ALSO

FG Declares Tuesday As Public Holiday To Honour Buhari

GTCO Marks 15 Years Of Autism Advocacy With Pan-African Conference “From Awareness To Action”

United Bank for Africa (UBA) Plc has presented the sum of N1 billion to the Lagos State Government as part of the bank’s commitment to help curb the effect of the Coronavirus (COVID-19). This is also in fulfilment of its N5 billion commitment made by the UBA Group Chairman, Mr. Tony O. Elumelu, last week.

Whilst presenting the cheque to the Lagos State Governor at the Government House in Marina, UBA’s Group Managing Director/Chief Executive Officer, Mr. Kennedy Uzoka, said that as a socially responsible institution, UBA cares for its communities and for Lagos State which has recorded the highest number of positive cases thus far, needing special attention.

Donation to Lagos: UBA Supports Lagos State in Fight Against COVID-19. Group Managing Director/CEO, United Bank for Africa(UBA), Mr, Kennedy Uzoka presenting a cheque of N1 billion to Governor of Lagos State, Mr. Babajide Sanwo-Olu, as part of the Bank’s donation of over 5 billion Naira (USD14 million), through the UBA Foundation, to catalyse a comprehensive pan-African response to the fight against the coronavirus (COVID-19) global pandemic., in Lagos House, Marina on Sunday

He disclosed that the decision to give Lagos N1bn was as a result of the important role that the state plays in the economy of not only Nigeria but Africa as a whole, given its vast population and other key economic factors.

Uzoka said to Mr Governor, Babajide Sanwo-Olu, “Given the population of this state and that it is the business nerve centre, we at UBA are committed to lending our support to the state government. So today, we are giving you and the state N1bn (one billion naira) to support your endeavour in fighting the Coronavirus disease.

Continuing, he said, “I will not fail to mention that this wasn’t an easy decision for us because Lagos is just one of the many states in Nigeria. However, we looked at the importance of  Lagos to Nigeria, but more importantly, we looked at the fact that Lagos has set up the right structure to administer whatever it is that we are giving to the state. So, we are rest assured, because we believe without an iota of doubt that the state will use these funds effectively and efficiently,” Uzoka explained.

Receiving the cheque, Mr Governor, Babajide Sanwo-Olu, appreciated the support of the bank, which according to him will go a long way to assist the state in kicking out the worrisome pandemic. He said, “We appreciate UBA. This is not the kind of money that we would want to take for granted. This is really an important intervention and this fund will go a long way to meet all of our needs both now and in the future, to ensure that Lagos continues to remain safe for business.

Continuing, the Mr Governor said, “And so, we are indeed happy that you decided to make this very bold move to support the health facility infrastructure in Lagos. You can be rest assured that once the structures  have been developed, we will call you again to see what we have put these resources to.”

On Thursday, UBA announced a donation of over 5 billion Naira (USD14 million), through the UBA Foundation, to catalyse a comprehensive pan-African response to the fight against the coronavirus (COVID-19) global pandemic.

The donation is expected to provide significant and much needed support to Nigeria and 19 other African countries, by supplying relief materials, critical care facilities, and financial support to Governments. The bank has begun to roll out its support programme, having already disbursed the pledged amounts to many states within Nigeria and 7 countries in Africa including Ghana, Guinea, Cameroun, Tanzania, Tchad, Liberia, Republic of Benin. The N5 billion donation by the bank is being distributed as follows:

  • N1 billion (USD2.8 million) to Lagos State Government in Nigeria
  • N500 million (USD1.4 million) to Nigeria’s Federal Capital Territory, Abuja
  • N1 billion (USD2.8 million) to the remaining 35 states in Nigeria
  • N1.5 billion (USD4.2 million) to UBA’s presence countries in Africa
  • N1 billion (USD2.8 million) for Medical Centres with equipment and supplies
  • Free Telemedicine call centre facility.

Operating in 20 African countries and globally in the United Kingdom, the United States and France, the United Bank for Africa has a strong record of supporting its communities, through challenging times.

Related Posts

Public Holiday
News

FG Declares Tuesday As Public Holiday To Honour Buhari

July 14, 2025
Autism Advocacy
Business & Brands

GTCO Marks 15 Years Of Autism Advocacy With Pan-African Conference “From Awareness To Action”

July 14, 2025
Buhari
News

Buhari To Be Buried Tuesday

July 14, 2025
Shettima
News

Shettima, Gbajabiamila Arrive In London To Receive Buhari’s Body

July 14, 2025
Woodhall Capital
Business & Brands

Woodhall Capital In Partnership With Polaris Bank, Uk & Lagos State Governments, Launch ₦1.5 Billion Fund To Scale Nigeria’s Creative Economy

July 14, 2025
Buhari
News

President Tinubu, Ex-Leaders Gather In Daura For Buhari’s Burial Today

July 14, 2025
Next Post
Sinopharm COVID-19 Vaccine

COVID-19: How Banks, Private Sector Operators Provide Funding, Capacity Building

LATEST COVER

Priscilla Ojo

GPBN Associates Member

Fidelity Bank

Zenith Bank

Public Holiday

FG Declares Tuesday As Public Holiday To Honour Buhari

July 14, 2025
Autism Advocacy

GTCO Marks 15 Years Of Autism Advocacy With Pan-African Conference “From Awareness To Action”

July 14, 2025
Buhari

Buhari To Be Buried Tuesday

July 14, 2025
Okwuchukwu Waobikeze Is Dead

Ex-Super Eagles Winger Okwuchukwu Waobikeze Is Dead

July 14, 2025
Shettima

Shettima, Gbajabiamila Arrive In London To Receive Buhari’s Body

July 14, 2025
Woodhall Capital

Woodhall Capital In Partnership With Polaris Bank, Uk & Lagos State Governments, Launch ₦1.5 Billion Fund To Scale Nigeria’s Creative Economy

July 14, 2025
Buhari

President Tinubu, Ex-Leaders Gather In Daura For Buhari’s Burial Today

July 14, 2025
Kadiri Ikhana

Former Super Eagles Defender Kadiri Ikhana Critically Ill

July 14, 2025
Shettima

Shettima Arrives London To Bring Buhari’s Remains Back To Nigeria

July 14, 2025
Buhari

Buhari To Be Buried In Daura Monday

July 13, 2025

GLAMTUSH

 

Glamtush publishes the latest trends in fashion, beauty, and lifestyle, as well as those making the fashion world interesting and adorable.

RELEVANT PAGES

  • About Us
  • Advertise
  • Contact Us

REACH OUT

Do you have any news for us? Event Coverage, Press Releases or Adverts? Then reach out to us via glamtush@gmail.com or glamtush15@gmail.com

OFFICE ADDRESS

Lagos, Nigeria

Copyright © 2022 Glamtush

  • About Us
  • Advertise
  • Contact Us
  • Disclaimer
  • Glamtush – Nigeria News, Nigerian Newspapers, Naija News
  • Glamtush – Nigeria News, Nigerian Newspapers, Naija News
  • Terms And Conditions
  • Write for Us

© 2022 Glamtush

No Result
View All Result
  • Home
  • News
  • Beauty
  • Business & Brands
  • Entertainment
  • Fashion
  • Features
  • Lifestyle
  • Politics
  • Sports
  • Telenovelas
  • Events

© 2022 Glamtush