Lagos State governor, Mr. Babajide Sanwo-Olu, has received a cheque for N1 billion from the United Bank for Africa as part of the bank\u2019s commitment to help curb the effects of the novel coronavirus (COVID-19) in the state.<\/p>\n
Presenting the cheque to the governor at the State House, Marina, on Sunday evening, the Managing Director of the bank, Mr. Kenneth Uzoka, said the donation was also in fulfilment of the N5 billon commitment made by the UBA Group Chairman, Mr. Tony O. Elumelu, early last week.<\/p>\n
Uzoka said that as a socially responsible institution, UBA cares for its communities and for Lagos State, which has recorded the highest number of positive cases thus far.<\/p>\n
He disclosed that the decision to give Lagos N1 billion was as a result of the important role that the state plays in the economy of not only Nigeria, but Africa as a whole, given its vast population and other key economic factors.<\/p>\n
He said: \u201cGiven 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.<\/p>\n
\u201cI will not fail to mention that this wasn\u2019t 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,\u201d<\/p>\n
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.<\/p>\n
Lagos, story, UBAHe said: \u201cWe appreciate UBA. This is not the kind of money that we would want to take for granted. This is really an important intervention and this fund will go a long way to meet all of our needs both now and in the future, to ensure that Lagos continues to remain safe for business.<\/p>\n
\u201cAnd 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.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"
Lagos State governor, Mr. Babajide Sanwo-Olu, has received a cheque for N1 billion from the United Bank for Africa as part of the bank\u2019s commitment to help curb the effects of the novel coronavirus (COVID-19) in the state. Presenting the cheque to the governor at the State House, Marina, on Sunday evening, the Managing Director […]<\/p>\n","protected":false},"author":62,"featured_media":23272,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[24,14],"tags":[1451,687],"class_list":["post-23270","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-policy","tag-covid-19","tag-sanwo-olu"],"yoast_head":"\n