World Bank approves $400m credit for Nigeria — Metro Times Nigeria

World Bank approves $400m credit for Nigeria

According to a statement released on Friday, the World Bank has approved a $400 million credit to Nigeria.

The International Development Association (IDA) will provide additional funding to cover the purchase and distribution of the COVID-19 vaccination across the country.

The original COVID-19 response program would be expanded to ensure equal access as Nigeria prepares to break the chain of local transmission and restrict pandemic spread.

The credit would allow for the procurement of vaccines for 18% of the population (40 million people) and the successful deployment of vaccines for 50% of the population (110 million people).

It would also aid Nigeria’s health-care systems in strengthening and preparing for future health crises.

Nigeria will have access to vaccinations under the correct conditions, including cost-effectiveness, regulatory approvals, and delivery timing.

Read Also: Robbie predicts premier league top clubs to finish season

The announcement added, “This will ensure that the government meets its plans to vaccinate 51% of its people in two years.”

As Nigeria grapples with the effects of a third wave, Shubham Chaudhuri, World Bank Country Director, stressed the need of Nigerians continuing to be vaccinated.

To avoid the type of lockdown enacted in 2020, Chaudhuri recommended individuals to always follow safety precautions.

Leave a Reply

%d bloggers like this: