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CSR: UBA Foundation Commissions Link Bridge @ Usman Danfodiyo University,Presents Leo Virtual Banker to Students

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UBA Foundation, the Corporate Social Responsibility Arm of Pan- African financial institution, United Bank for Africa (UBA) Plc, has completed the construction of a pedestrian bridge primarily for students of the Usman Danfodiyo University, Sokoto State, thus bringing comfort to students of the institution.

 

The construction of the bridge, valued at about N13m was commissioned on Monday, by Governor Aminu Waziri Tambuwal, Governor of Sokoto State.

 

Inaugurating the bridge, Mr Kennedy Uzoka, group managing director of UBA, said the construction of the bridge was part of the bank’s efforts to give back to the society.

 

Uzoka also said the bank deemed it necessary to construct the bridge, to cushion the suffering of the students of the institution.

 

“Today’s event is very symbolic. We believe in the society we operate in and this gesture is part of efforts of the UBA Foundation to give back to the society.

 

“I strongly believe that with this bridge, students can move freely and will not have to go a long distance to reach their hostels.

 

“So, this saves time and will enable them to study harder,” he said.

 

He said the Foundation gave priority to education through scholarship to Nigerian students; improve the environment and empowered many people with a view to impacting on the society.

 

According to Uzoka, UBA is creating a new narrative for Africa capable of making Africans run organisations that can stand the test of time for over 100 years.

 

He also used the opportunity to enlighten the students on UBA’s new customer centric product, Leo Virtual Banker, which he said gives customers, particularly youths, more power in conducting transactions.

 

According to Uzoka, “this is the first time a financial institution in Africa has come up with this manner of solution to simplify the way customers transact. Something that has become necessary in today’s fast-paced world with demands for  quick-time transactions and response. We know that students can be very busy with lectures and keeping up with so much activity. It is pertinent, they get a young mobile upwardly mobile banker like Leo the chat banker to proffer an array of solutions to all their banking needs.

 

With the launch of the Chat Banking, customers will be able to open new accounts, receive instant transaction notifications, check their balances on the go, transfer funds and airtime top up. They will also be able to confirm cheques, pay bills apply for loans, freeze accounts, request for mini statements, amongst other things.

 

Mr. Uzoka said, “The formulation of this product, is consistent with the bank’s customer 1st philosophy, where we are doing things with a strong focusing on what the customers want, where they want it, and in the exact platform they want it.’

“At UBA, we have been working with technology giants that have the global capacity to ensure not only seamless but also effortless banking for millions of our customers across Africa. We at UBA, have collaborated with Facebook to come up with this innovation that is capable of revolutionising the way banking is done in Africa,” he said. Uzoka noted that Leo will  in the nearest future, show up on other social platforms and added that all it takes to enjoy the services is simply to have a Facebook account.

Gov. Aminu Tambuwal of Sokoto State

In his remarks, Gov. Aminu Tambuwal of Sokoto State, who spoke through the Secretary to the State Government, Prof. Bashir Garba lauded the UBA Foundation for the gesture.

 

He called on other banks operating in the state to emulate the footstep of the bank by giving back to the society.

 

“We need more of these interventions to public universities in order to improve teaching and learning.

 

“I really commend Tony Elumelu and the Group Managing Director for coming to the aid of the students,” the governor said

 

Tambuwal, therefore, renamed the bridge ‘Tony Elumelu UBA Pedestrian Bridge’.

 

Prof. Abdullahi Zuru, Vice-Chancellor of the University, described the construction of the pedestrian bridge as unprecedented.

 

He said it would go a long way in taking care of the challenges facing the students

“We reached out to a number of organisations but thank God UBA heeded our call and came through for us in a big way. It is now the shortest way for our students particularly now. We deeply appreciate Elumelu and the UBA family. The edifice which has side lights will serve us in no small way,” he stated.

 

In the recent past, UBA Foundation has intervened in the infrastructure development of universities across Africa with donation of ICT centres, hostels, recreational parks among many others.  Beneficiaries of such interventions include Universities of Ilorin, Benin, Lagos, Ekpoma and many others.

 

 

 

 

 

 


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As Nigeria Struggle, Tanzania Turns off Power Plants Due to Excess Supply

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While 85 per cent of Nigeria is in darkness, Tanzania, an African country has shut down five hydroelectric stations in a bid to reduce excess electricity in the national grid.

As Nigeria Struggle, Tanzania Turns off Power Plants Due to Excess Supply

Kassim Majaliwa, prime minister, Tanzania, has said the main plant, Mwalimu Nyerere Hydroelectric Station, alone generated enough electricity to power major cities, including Dar es Salaam, the country’s commercial hub.

It is the first time Tanzania, which suffers chronic power shortages, has closed hydroelectric stations due to excess production.

“We have turned off all these stations because the demand is low and the electricity production is too much, we have no allocation now,” an official from state-run power company, Tanesco, said.

The 2,115MW Julius Nyerere Hydropower Dam is said to be almost filled with water following heavy rains that started early this year.

Meanwhile, while the country has an installed capacity of 1,938MW and the grid installed capacity of 1,899MW, Nigeria which has an installed capacity of 13,000MW is struggling to electrify 85 per cent of its electricity consumers.


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President Tinubu Appoints Jim Ovia as Student Loan Fund Chairman

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President Bola Tinubu has approved the appointment of Jim Ovia, renowned banker and businessman, as the Chairman, Board of the Nigerian Education Loan Fund.

Jim Ovia

Jim Ovia

Ovia’s appointment is contained in a State House statement titled, ‘President Tinubu appoints Jim Ovia as Chairman of the Nigerian Education Loan Fund,’ and issued on Friday by Ajuri Ngelale, special adviser to the President, Media & Publicity.

The statement noted that “Ovia is the founder of one of Nigeria’s leading banks and a respected business leader, with a surfeit of efforts and benefaction towards nurturing and empowering young Nigerians.

“He is an alumnus of Harvard Business School and holds a Master’s in Business Administration from the University of Louisiana.”

The National Student Loan Programme is a pivotal intervention that seeks to guarantee sustainable higher education and functional skill development for all Nigerian students and youths.

The Nigerian Education Loan Fund, the implementing institution of this innovation, demands excellence and Nigerians of the finest professional ilk to guide and manage.

“The President believes Mr. Ovia will bring his immense wealth of experience and professional stature to this role to advance the all-important vision of ensuring that no Nigerian student suffers a capricious end to their pursuit of higher education over a lack of funds,” the statement partly read.

Ovia’s appointment will also ensure “that Nigerian youths, irrespective of who they are, have access to higher education and skills that will make them productive members of society and core contributors to the knowledge-based global economy of this century.”


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UK Pledges €1Bn to Fight against Malaria in Nigeria

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The UK has pledged £1 billion to Nigeria’s fight against malaria and other diseases from 2024 to 2026.

UK Pledges €1Bn to Fight against Malaria in Nigeria

Ebere Anyachukwu, health adviser at the British High Commission, announced this on World Malaria Day in an interview with NAN.

This contribution supplements existing funds from other donors and will primarily support the procurement of insecticides, treated bed nets, malaria diagnostics, and chemoprevention efforts.

“There are some states in Nigeria where malaria is seasonal. Those are states where chemoprevention is used to prevent children from coming down with malaria,“ he said.

“In those states, malaria spreads in a few months within a year, and during that period, there is a high level of malaria transmission in children, resulting in lots of deaths.”

The health adviser said children in such states are usually given malaria drugs, whether or not they have the infection.

He said the UK is a big contributor to the global fund, currently supporting about 13 states in Nigeria.

He listed the states to include Adamawa, Delta, Gombe, Jigawa, Kaduna, Kano, Katsina, Kwara, Niger, Ogun, Osun, Yobe and Taraba.

“With the global funding support, there has been a significant reduction of malaria-related deaths in children in Nigeria,“ Anyachukwu said.


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