UBA Commits N5bn to Fight COVID-19 Across Africa

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By Obinna Chima

The United Bank for Africa Plc (UBA) on Thursday announced a donation of over N5 billion ($14 million) through its UBA Foundation, to catalyse a comprehensive pan-African response to fight the COVID-19 global pandemic.

A statement from the bank explained that the donation would 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.

A breakdown of the UBA support programme showed that N1 billion ($2.8 million) would go to Lagos State Government; N500 million ($1.4 million) to Nigeria’s Federal Capital Territory, Abuja; N1 billion ($2.8 million) to the remaining 35 states in Nigeria; N1.5 billion ($4.2 million) to UBA’s presence countries in Africa; N1 billion ($2.8 million) for medical centres with equipment and supplies; and free telemedicine call centre facility.

*More details later