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UBA Pledges N5bn To Africa’s Fight Against Coronavirus

Tony Elumelu is UBA’s Group Chairman.


United Financial institution for Africa (UBA) on Thursday stated it is going to donate 5 billion naira in direction of Africa’s response towards the coronavirus pandemic.

The pan-continental monetary establishment will make the donations by way of its nonprofit arm, UBA Basis.

READ ALSO: Atiku Donates N50m Aid Fund

The donation comes after the Dangote Basis pledged N200 million to Nigeria’s effort towards the virus.

Former Vice President Atiku Abubakar has additionally pledged a N50 million aid fund.

UBA stated the donation will “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.”

N1 billion (USD2.eight million)Lagos State Authorities in NigeriaN500 million (USD1.four million)Nigeria’s Federal Capital Territory, AbujaN1 billion (USD2.eight million)Remaining 35 states in NigeriaN1.5 billion (USD4.2 million)UBA’s presence nations in AfricaN1 billion (USD2.eight million)Medical Centres with tools and provides, and free Telemedicine name centre facility

In line with a UBA assertion, N1 billion will go the Lagos state authorities, whereas the remaining 35 states will share one other N1 billion.

UBA additionally pledged N500 million to the Federal Capital Territory, and one other 1.5 billion for Medical Centres with tools and provides, and free Telemedicine name centre facility.

“This is a time when we must all play our part,” Tony Elumelu, UBA’s Group Chairman, stated. “This world pandemic should deliver residents, governments and enterprise leaders collectively – and shortly.

“As we see a quickly rising variety of instances of the coronavirus in Nigeria and Africa, the non-public sector has to work hand in hand with numerous Governments, in stemming the unfold of the worldwide pandemic.”

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