NIGERIA COVID 19: UBA redeems $2.6m donation to Lagos
Nigeria’s commercial hub of Lagos is at the center of the country’s coronavirus combat. Lagos has the highest number of confirmed cases (as at March 29) and the state government has continued to roll out multiple measures to deal with the disease.
Lagos has in the past weeks suspended schools across the state – be they public or private, 70% of state government workers were asked to stay at home last week with the most recent move being a week’s closure of shops and markets.
The state, with a population of over 20 million, has also been a major beneficiary of coronavirus intervention funds. Governor Baba Jide Sawo-Olu late last week announced a stimulus package to benefit poor people.
Pan-African banking entity, the UBA Group, on Monday redeemed a one billion naira donation to the Lagos State government. The amount was part of a $14 million dollar pledge by the bank to Nigeria’s coronavirus combat.
TUBA Group’s Managing Director, Kenneth Uzoka handed over the cheque to Lagos State governor Babajide Sanwo-Olu on behalf of the group Chairman Tony Elumelu at the Lagos State government house.
An amount of one billion naira is also to be shared among remaining 35 states with 500 million for the Federal Capital Territory, Abuja. Another billion will be used to purchase equipment and supplies for medical centers. An amount of 1.5 billion naira is also reserved for the bank’s overseas operations.