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2020-03-26 22:14:16

Coronavirus News: President Buhari releases N15bn to tackle pandemic, UBA donates N5bn

President Muhammadu Buhari has directed the immediate release of N10b to Lagos State government which remains the epicentre of the Corona virus, to increase its capacity and contain the outbreak.

The President also directed that the sum of N5b be released to the Nigeria Center for Disease Control (NCDC), as a special intervention fund, to equip, expand and provide personnel for its laboratories across the country.


UBA donates N5bn to fight Coronavirus in Africa

Tier-1 lender, United Bank for Africa through its UBA Foundation announced the donation of $14m to provide the much needed support to Nigeria and other 19 African countries in the fight against the deadly coronavirus scourge.

Tony Elumelu, chairman UBA Group said the global epidermic must bring citizens , governments, and business leaders together and quickly.

“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 with various government in stemming the spread of the global pandemic,” he said.

The donation, according to the management of the bank, 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.

The support programme will be allocated as follows:

N1 billion (USD2.8 million) to Lagos State Government in Nigeria

N500 million (USD1.4 million) to Nigeria’s Federal Capital Territory, Abuja

N1 billion (USD2.8 million) to the remaining 35 states in Nigeria

N1.5 billion (USD4.2 million) to UBA’s presence countries in Africa

N1 billion (USD2.8 million) for Medical Centres with equipment and supplies

Free Telemedicine call centre facility

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

UBA in addition is providing a free telemedicine platform, that is physician-led, to provide direct access to medical advice to citizens, in compliance with social distancing requirements.

UBA group chairman Tony O. Elumelu, stated ‘This is a time when we must all play our part.  This global pandemic must bring citizens, governments and business leaders together – and quickly. 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 commend the efforts of governments and we are keen to partner and contribute our resources to the collective effort, that will ensure the response to the pandemic is swift and effective’.

Operating in 20 African countries and globally in the United Kingdom, the United States and France, the United Bank for Africa has a strong record of supporting its communities, through challenging times.

 

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