UBA to donate N5B for fight against COVID-19 in Africa »

United Bank for Africa Plc (UBA) has donated over N5bn ($14 million) through the UBA Foundation, to catalyse a comprehensive pan-African response to the fight against the coronavirus (COVID-19) global pandemic.

Nigeria and 19 other African countries will benefit from the support targeted at supplying relief materials, critical care facilities and financial support to governments.

The bank, in a statement, said Lagos State Government will draw N1bn ($2.8million); N500 million ($1.4 million) to Federal Capital Territory, Abuja; N1 billion ($2.8 million) to the remaining 35 states in Nigeria and N1.5 billion ($4.2 million) to UBA’s presence countries in Africa.

Other allocations include: N1 billion ($2.8 million) for Medical Centres with equipment and supplies as well as free telemedicine call centre facility.

The pan-African bank added it will fund a medical centre immediately in Lagos with beds for isolation and ICU facilities managed and operated in partnership with Heirs Holdings’ healthcare subsidiary, Avon Medical Hospital.

Chairman UBA Group Chairman, Tony Elumelu, explained: “This is a time when we must all play our part. This global epidemic must bring citizens, governments and business leaders together – and quickly.