World Bank approves $400m credit for Nigeria to scale up COVID-19 vaccination | The Guardian Nigeria News


[FILES] Health worker prepares a Moderna coronavirus (COVID-19) vaccine. Santiago/Getty Images/AFP (Photo by Michael M. Santiago / GETTY IMAGES NORTH AMERICA / AFP)

The World Bank’s Board of Directors has approved a $400 million dollar credit to Nigeria in additional financing, from its International Development Association (IDA), for COVID-19 vaccine acquisition, the bank announced in a statement it issued on Friday, in Washington.

The bank said that the fund is meant to provide upfront financing for safe and effective COVID-19 vaccine acquisition and deployment within the country and that it would be implemented as part of the COVID-19 Preparedness and Response Project.

Building on the Federal Government’s plan to break the chain of local transmission of COVID-19 and limit the spread of the virus, the original COVID-19 response program would be expanded to enable equitable access, the statement said.

This is in order to purchase affordable COVID-19 vaccines for 18 per cent,…

Source: Guardian Newspaper

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