UBA Pledges N5bn To Africa’s Fight Against Coronavirus

Tony Elumelu is UBA's Group Chairman.
Tony Elumelu is UBA’s Group Chairman.


United Bank for Africa (UBA) on Thursday said it will donate five billion naira towards Africa’s response against the coronavirus pandemic.

The pan-continental financial institution will make the donations through its nonprofit arm, UBA Foundation.

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The donation comes after the Dangote Foundation pledged N200 million to Nigeria’s effort against the virus.

Former Vice President Atiku Abubakar has also pledged a N50 million relief fund.

UBA said 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.”

N1 billion (USD2.8 million)Lagos State Government in Nigeria
N500 million (USD1.4 million)Nigeria’s Federal Capital Territory, Abuja
N1 billion (USD2.8 million)Remaining 35 states in Nigeria
N1.5 billion (USD4.2 million)UBA’s presence countries in Africa
N1 billion (USD2.8 million)Medical Centres with equipment and supplies, and free Telemedicine call centre facility

According to a UBA statement, N1 billion will go the Lagos state government, while the remaining 35 states will share another N1 billion.

UBA also pledged N500 million to the Federal Capital Territory, and another 1.5 billion for Medical Centres with equipment and supplies, and free Telemedicine call centre facility.

“This is a time when we must all play our part,” Tony Elumelu, UBA’s Group Chairman, said. “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.”

Dangote, Momoh, Elumelu, 23 Others Bag National Award


A total of twenty-six individuals including, business mogul Alhaji Aliko Dangote, Chairman of UBA and philanthropist, Mr Tony Elumelu and the Chairman of Channels Media, Mr John Momoh, are to be honoured with the 2019 national productivity order of merit award.

Addressing journalists ahead of the ceremony on Thursday, November the 28th, the minister of labour and productivity, Dr Chris Ngige, said the award is in recognition of the recipients’ outstanding contributions to national productivity.

Besides the individuals, seven organisations are also among the awardees.

READ ALSO: Nigeria Imports $600m Cassava Products Annually – CBN

The NPOM Award was instituted by the Federal Government through the Ministry of Labour and Employment to honour deserving Nigerians in recognition of their hard work.

Speaking on the awards, the Minister stated that the President of the Federal Republic of Nigeria has approved the conferment of the National Productivity Order of Merit Award on the recipients in recognition of their high productivity, hard work and excellence.

Osinbajo Expresses Hope In Africa’s Socio-Economic, Political Development

Yemi-OsinbajoNigeria’s Vice President, Professor Yemi Osinbajo, says he has high hopes in Africa’s socioeconomic and political development despite the many challenges facing the continent.

Professor Osinbajo spoke at a boot-camp organized by the Tony Elumelu Foundation on entrepreneurship which was held at the Covenant University, Ota, Ogun State, Southwest Nigeria.

The Vice President stressed the need for African leaders to provide the much needed political will through flexible and coherent policy framework that would transform the continent.

Professor Osinbajo also asked beneficiaries of the programme to always maintain a high degree of integrity, discipline and respect for the rule of law‎.

The first batch of beneficiaries drawn from across 51 African countries including Nigeria by the Tony Elumelu Foundation Entrepreneurship Programme, were 1000 young, determined and budding entrepreneurs.

The initiative aims at discovering and supporting 10,000 African entrepreneurs over the next decade with the mandate of creating one million jobs which would eventually remove the continent from the stereotype of a continent of famine, disease, unemployment and wars.

Also addressing the beneficiaries on what government at all levels must do to encourage budding entrepreneurs, the Kaduna State Governor, Nasir El-Rufai, challenged business and political leaders to be more responsible and responsive towards the development of the sociopolitical and economic needs of the continent.

The Tony Elumelu Entrepreneurship Programme launched last December. It is a $100million initiative aimed at discovering and supporting 10,000 indigenous entrepreneurs with a focus on agriculture, education, commerce, ICT and health-care.

The event was attended by the Prime Minister of Benin Republic, Lionel Zinsou, the Founder of the Elumelu Foundation, Mr Tony Elumelu, among other dignitaries.

Tony Elumelu heads committee to establish world class hospitals

The federal government has announced plans to establish world class hospitals and diagnostic centres in Nigeria as part of efforts to ensure that quality medical care is made available to all Nigerians.

The Minister of Health, Professor Onyebuchi Chukwu announced this in Abuja on Tuesday while inaugurating the Ministerial Committee for the unlocking of the private sector potential to establish world class hospitals and diagnostic centres in Nigeria.

The Minister acknowledged that “government alone cannot provide all the health facilities needed to provide adequate healthcare services to all Nigerians.”

The chairman of the 21-member committee, the former Managing Director UBA, Mr Tony Elumelu, in his response, promised to ensure that the associated failure to provide quality medical services is addressed in order to curtail the increasing cases of persons seeking medical treatment outside the country.