The United Bank for Africa (UBA) has contributed N500 million to the Lagos State Security Trust Fund (LSSTF) to support and strengthen security initiatives within the state.
Lagos State Governor Babajide Sanwo-Olu received the cheque from UBA Group Chairman Tony Elumelu during a formal presentation at the State House in Marina on Sunday. UBA’s Deputy Managing Director, Muyiwa Akinyemi, also attended the event, demonstrating the bank’s dedication to teamwork in improving public safety.
Expressing gratitude, Governor Sanwo-Olu lauded the initiative, describing it as a significant boost to the state’s security measures. “This donation will strengthen our efforts to enhance security and protect our citizens,” the governor remarked, emphasising the critical role of partnerships between the private sector and government in addressing urban safety challenges.
Elumelu, speaking at the event, highlighted the bank’s dedication to societal development through the UBA Foundation, which has consistently prioritised education, environmental sustainability, and economic empowerment across Africa. “We understand that security is critical for economic growth and societal well-being,” he noted. “This donation reflects our commitment to creating safer communities, attracting investment, and fostering economic development.”
Security experts have often stressed the importance of private sector involvement in tackling safety concerns in urban areas. UBA’s contribution provides much-needed resources to support the Lagos State government’s security strategies and offers a potential model for corporate-government collaboration in addressing public safety challenges.
With this sizeable contribution, UBA demonstrates how private enterprises can be crucial to the advancement of society and reaffirms its leadership in advancing CSR efforts throughout Africa.
