CA-COVlD-19 has raised up to N27bn to fund Nigeria’s own COVID-19 vaccine – CBN

CA-COVlD-19 has raised up to N27bn to fund Nigeria’s own COVID-19 vaccine – CBN
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The CBN had announced that CA-COVID-19 has raised N27bn as Nigeria plans to produce its own COVID-19 Vaccine.

The Central Bank of Nigeria revealed it will be funding Nigerian researchers and science institutions as they look forward to producing its own COVID-19 vaccine.

CBN says it is developing a framework under which grants and long term facilities will be provided to researchers, science institutions and biotechnology firms to develop COVID-19 vaccine.

The Governor of the Central Bank of Nigeria, Godwin Emefiele, disclosed this at the unveiling of the THISDAY Dome Testing, Tracing and Treatment Centre, Abuja, on Tuesday.

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According to Emefiele, Nigeria can’t afford to wait for foreign countries to develop their vaccines. He said it would be the last in the queue to receive curative remedies from other countries for the teeming population.

He said, “The CBN today challenges Nigerian scientists at home and in the Diaspora to go back to their laboratories and develop a Nigerian vaccine. Once validated by the Health Authorities, the CBN will step in and do the needful for the sake of over 200 million Nigerians now confronted by COVID-19.

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“Our inability to accurately predict the extent to which the Coronavirus could spread, and how long it would last, requires that we build sufficient capacity within our health system to contain the spread of the virus, state by state, city by city and preserve the lives of vulnerable Nigerians.

“This requires that we all come together to support the work of the Presidential Task Force in its determination to save lives and stem the pandemic.”

He disclosed that so far the CA-COVlD-19 had raised up to N27bn to fund these initiatives, adding that these donations were being used to build well-equipped isolation centres across the 36 states of the federation.

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