News

World Bank Approves $400m Credit For Nigeria

Spread the love
< 1 min read

According to a statement issued on Friday, the additional financing from the International Development Association (IDA) will cover COVID-19 vaccine acquisition and deployment across the country.

As Nigeria plans to break the chain of local transmission and limit the pandemic spread, the original COVID-19 response program would be expanded to enable equitable access.The credit would fund the purchase of vaccines for 18 per cent of the population (40 million people) and support effective deployment to 50 per cent, about 110 million.It would also help Nigeria to strengthen its health systems and prepare for future health emergencies.

Nigeria will be having access to vaccines under the right conditions of value-for-money, regulatory approvals, and delivery time, among other features.“This will ensure that the government meets its plans to vaccinate 51 per cent of its population in two years”, the statement read.

Shubham Chaudhuri, World Bank Country Director said as Nigeria tackles the effect of a third wave, continued vaccination of citizens is important.

Chaudhuri advised citizens to always observe safety measures in order to avoid the type of lockdown effected in 2020.

Isaac Obasi

Recent Posts

BREAKING: THE HATCHET PLAN OF THE ENUGU STATE APC TO TAKE OVER THE WARD POLITICAL STRUCTURE OF PDP AND USURP POWER IN 2027

It is a verifiable fact that the Honorable. Minister for Science and Technology, Chief. Engr.…

1 year ago

Outbreak: Phone accessories dealer commits suicide in Kogi

Two months after inferno ravaged the popularly GSM village in Lokoja, the Kogi State capital,…

2 years ago

Man shot dead in Anambra by policeman over N100

  A police operative attached to Otuocha Area Command, Anambra East Local Government Area of…

2 years ago

‘We can no longer feed’ – FCT residents cry out

Many residents of the Federal Capital Territory, FCT, say they are finding it difficult to…

2 years ago

Reps probe $2bn renewable energy grants, investment in Nigeria, invite stakeholders

Following an investigative hearing on the $2 billion renewable energy grants and investments in Nigeria,…

2 years ago

Court grants 76 #EndBadGovernance protesters N760m bail

Justice Obiora Egwuatu of the Federal High Court in Abuja has granted bail of N10…

2 years ago

This website uses cookies.