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Home Companies Corporate Updates

UBA announces N5 billion for COVID-19 relief support across Africa

NM Partners by NM Partners
March 26, 2020
in Corporate Updates, Socio Economic
UBA announces N5 billion for COVID-19 relief support across Africa
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United Bank for Africa Plc (UBA) has announced a donation of over N5 billion (USD14 million), through the UBA Foundation, to catalyse a comprehensive pan-African response to the fight against the coronavirus (COVID-19) global pandemic.

The donation 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 UBA support programme will be allocated as follows:

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  • 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.

[READ MORE: UBA: Modest growth in FY 2019 profit despite a disappointing Q4 performance)

In addition, UBA 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 epidemic 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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Tags: Covid-19Tony O. ElumeluUBA FoundationUBA support programmeUnited Bank for Africa Plc
NM Partners

NM Partners

"NM Partners" encompasses a diverse range of articles and content published on behalf of various organizations, including corporate entities, government and non-governmental institutions, academic bodies, and key stakeholders in the economic sphere. This content spectrum covers press releases, formal announcements, specialized content, product promotions, and a variety of corporate communications tailored to engage our readership. Notably, a portion of these articles are sponsored content. At Nairametrics, while we provide a platform for these diverse voices, it is important to clarify that our relationship with the content under "NM Partners" does not imply endorsement or affiliation. The responsibility for the content accuracy and viewpoints expressed rests solely with the respective contributors. Nairametrics maintains a firm commitment to editorial independence and integrity. Consequently, we do not assume responsibility for any of the content published under "NM Partners." For any inquiries, comments, or feedback regarding the content featured in this section, we encourage open communication and can be reached at info@nairametrics.com. Additionally, we invite our readers and contributors to familiarize themselves with our Paid Post Guidelines, which outline the standards and processes governing paid content on our platform.

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