Coronavirus: 'N1bn for Lagos', 'N500m for FCT' -- UBA pledges N5bn support to African countries

Coronavirus: ‘N1bn for Lagos’, ‘N500m for FCT’ — UBA pledges N5bn support to African countries

March 26

20:13 2020

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The United Bank for Africa Plc (UBA) on Thursday announced that it will be donating N5 billion to help African countries fight coronavirus.

According to the bank, the donation would “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 said the donations would be made through its non-profit arm, UBA Foundation.

A breakdown of the UBA support programme showed that N1 billion ($2.8 million) would go to Lagos, which has the highest number of patients; N500 million ($1.4 million) to the federal capital territory, Abuja; N1 billion ($2.8 million) to the remaining 35 states in Nigeria; 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; and free telemedicine call centre facility.

Commenting on gesture, Tony Elumelu, chairman, UBA group, said there is need for the private sector to join hands with the government in tackling the pandemic.

“This is a time when we must all play our part. This global pandemic must bring citizens, governments and business leaders together – and quickly,” Elumelu said.

“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 Will Provide N5 billion(U$14 million) To COVID-19 Relief Support Across Africa

To catalyze a comprehensive pan-African response to the fight against the #Coronavirus pandemic, we’ll provide N5 billion to #COVID19 relief support across Africa through the @UBAFoundation. pic.twitter.com/PJrfHiokfQ

— UBA Group (@UBAGroup) March 26, 2020

The Dangote Foundation had also pledged N200 million to support the federal government’s effort against the virus.

Former Vice-President Atiku Abubakar, whose son contracted the virus, also announced a N50 million relief fund to help in curtailing COVID-19 in Nigeria.