The Lagos State Governor, Babajide Sanwo-Olu, has received a cheque for the sum of 1billion naira from the United Bank for Africa as part of the bank’s commitment to help curb the devastating effects of the novel coronavirus (COVID-19) in the State.
The cheque was presented by Kenneth Uzoka, the Managing Director of the bank to Mr Sanwo-olu at the State House in Marina on Sunday.
According to Mr Uzoka, the donation is a fulfillment of the five billion naira commitment made by the UBA Group Chairman, Mr. Tony O. Elumelu, early last week.
“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,” Mr Uzoka was quoted.
Reacting to the donation, Sanwo-Olu applauded the bank for the kind gesture towards stopping the spread of the dreaded virus in the state.
He added that the money will go a long way to assist the state in tackling the deadly pandemic.
He said: “We 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.”
“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 rest assured that once the structures have been developed, we will call you again to see what we have put these resources too.”