The United Bank for Africa Plc (UBA) 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 by 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 support programme showed that N1 billion ($2.8 million) would be given to Lagos State Government; N500 million ($1.4 million) to the Federal Capital Territory(FCT), N1 billion ($2.8 million) to the remaining 35 states in Nigeria; and N1.5 billion ($4.2 million) to UBA's presence in countries in Africa.
In addition, the bank said N1 billion ($2.8 million) would go to medical centres for equipment and supplies as well as for free telemedicine call centre facility.
The pan-African bank also stated that it would 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.
In addition, UBA said it would provide free telemedicine platform, that is physician-led, to provide direct access to medical advice to citizens, in compliance with social distancing requirements.
Commenting on the intervention, the Chairman, UBA Group, Mr Tony Elumelu, said: "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.