Nigeria misses out on $4.4bn World Bank COVID-19 vaccine rollout package earmarked for 51 countries

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Nigeria misses out on $4.4bn World Bank COVID-19 vaccine rollout package earmarked for 51 countries

Nigeria misses out on $4.4bn World Bank COVID-19 vaccine rollout package earmarked for 51 countries

By Sola Ogundipe

Nigeria misses out on $4.4bn World Bank COVID-19 vaccine rollout package earmarked for 51 countries

The World Bank has announced a provision of $4.4 billion for the purchase and deployment of COVID-19 vaccines for 51 developing countries, but Nigeria is not listed among the benefiting countries half of which are in Africa.

The financing is part of the Bank’s commitment to help low- and middle-income countries acquire and distribute vaccines and strengthen their health systems.

In a statement on Wednesday, the Bank said more than half of the latest financing comes from the International Development Association, IDA, the Bank’s fund for the world’s poorest countries, and is on grant or highly concessional terms.

Since the start of the COVID-19 pandemic, the World Bank Group has approved more than $150 billion to fight the health, economic, and social impacts of the pandemic.

Speaking on the development, World Bank Managing Director of Operations, Axel van Trotsenburg, said: “The World Bank is helping developing countries in every region…



Source: Vanguard Newspaper