Connect with us

Hi, what are you looking for?

News

COVID-19: Sanwo-Olu Receives N1b From UBA To Fight Coronavirus

The Governor of Lagos state has been given N1 billion by the United Bank for Africa to fight coronavirus.

Lagos State Governor Mr. Babajide Sanwo-Olu has been given a cheque of 1billion naira by the United Bank for Africa as part of the bank’s commitment to help curb the devastating effects of the novel coronavirus (COVID-19) in the State.

The presentation was done on Sunday.

Presenting the cheque to Mr. Governor at the State House, Marina, the Managing Director of the bank, Mr. Kenneth Uzoka, said the one billion naira donation is in fulfilment of the five billion naira commitment made by the UBA Group Chairman, Mr. Tony O. Elumelu, early last week.

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.

He disclosed that the decision to give Lagos one billion naira 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.

He said: “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 one billion naira to support your endeavour in fighting the Coronavirus disease.

Advertisement. Scroll to continue reading.

“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,”

The Governor expressed appreciation to the financial institution for the support, saying that the money will go a long way to assist the state in kicking out the 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.

“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.”

Last week, the bank 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.

Advertisement. Scroll to continue reading.
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

News

Lagos state governor Babajide Sanwo-Olu has won the All Progressives Congress’ (APC) governorship primary in the state which held today May 26. The governor...

News

The Lagos State Governor, Mr. Babajide Sanwo-Olu, has said that works on both the Blue and Red line rails are at 90 percent completion....

Celebrity Gossip

Hip-Hop icon, Keith Grayzon, better known as DJ Kay Slay, has succumbed to medical complications resulting from a lengthy battle with COVID-19. The 55-year-old American DJ...

News

Justice Binta Nyako of the Federal High Court Abuja, on Friday, struck out eight of the 15 terrorism and felony charges preferred by the...

Advertisement

Log In

Forgot password?

Forgot password?

Enter your account data and we will send you a link to reset your password.

Your password reset link appears to be invalid or expired.

Log in

Privacy Policy

Add to Collection

No Collections

Here you'll find all collections you've created before.