Lagos Receives N1bn Cheque from UBA to Support Coronavirus Fight

Lagos Receives N1bn Cheque from UBA to Support Coronavirus Fight

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Lagos State Governor Mr. Babajide Sanwo-Olu has received a cheque for the sum of 1billion naira from 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.

Presenting the cheque to Mr. Governor at the State House, Marina on Sunday evening, the Managing Director of the bank, Mr. Kenneth Uzoka, said the one billion naira donation is also 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.

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.”

Gov. Babajide Sanwo-Olu of Lagos State