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Apr 2, 2020

Covid-19: UBA should Give N24,000 to customers instead of N1Billion to Lagos

Covid-19: UBA should Give N24,000 to customers instead of N1Billion to Lagos


My opinion about the 1billion naira UBA donated to Lagos State Government. 

They can give this money to their customers in form of soft loan.

Instead of giving it for free, let them loan it. And because it will help a lot of people in this period, people will still appreciate it and still see it as if it is given ("dash")

Loan 24k to zero accounts that have done nothing less than 20k transactions in the last one month.

Then deduct 1k from these accounts for a period of 24 months (1 yr)

Loan 48k to account with the balance of 25k and above with atleast transaction of 30k in the last one month.

Then deduct 1k every month from these accounts for a period of 48 months (2 yrs)

With these, they have helped 42,000 people and 21,000 respectively and have not lost their capital........as a matter of fact, their customers will be endeared to them more.

They have given N1billion to the government that will not pay them back but expects the government to find a way to help them collect it back from the masses (their customers) through some illegal policies.

Without the help of UBA, Lagos state can fight Covid-19 without blinking and without knowing that they have spent any money

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