Presenting the cheque to Governor Sanwo-Olu at the State House, Marina, on Sunday the Managing Director of the bank, Kenneth Uzoka, said the one billion naira donation is in fulfilment of the five billion naira commitment made by the UBA Group Chairman, Tony O. Elumelu, early last week.
UBA boss disclosed that the decision to give Lagos one billion naira was based on the important role that the state plays in the economy of not only Nigeria, but Africa in general, given its vast population and other key economic factors.
“Given the population of this state and that it is the business nerve centre, we at UBA are committed to lending our support to the state government. So today, we are giving you and the state one billion naira to support your endeavour in fighting the Coronavirus disease.
“I will not fail to mention that this wasn’t an easy decision for us because Lagos is just one of the many states in Nigeria. However, we looked at the importance of Lagos to Nigeria, but more importantly, we looked at the fact that Lagos has set up the right structure to administer whatever it is that we are giving to the state. So, we are rest assured, because we believe without an iota of doubt that the state will use these funds effectively and efficiently,”Uzoka said.
The Governor expressed appreciation to the financial institution for the support, saying that the money will go a long way to assist the state in kicking out the pandemic.
“And so, we are indeed happy that you decided to make this very bold move to support the health facility infrastructure in Lagos. You can be rest assured that once the structures have been developed, we will call you again to see what we have put these resources to,” Sanwo-Olu said.
Last week, the bank announced a donation of over 5 billion Naira (USD14 million), through the UBA Foundation, to catalyse a comprehensive pan-African response to the fight against the coronavirus (COVID-19) global pandemic.
