The World Bank has approved a $400million credit to Nigeria,
a statement on Friday announced.
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.
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