CBN Limits Healthcare Research Grant to N500m via thisdaylive
The Central Bank of Nigeria has unveiled guidelines for its Healthcare Sector Research and Development Intervention Scheme and fixed the maximum limit eligible for development/manufacturing activities at N500 million.In a seven-page circular obtained on its website yesterday, CBN said the initiative was part of its policy response to the COVID-19 pandemic.
The bank stated that the HSRDIS was designed to trigger intense national R&D activities to develop a Nigerian vaccine as well as drugs and herbal medicines against the spread of COVID-19 and any other communicable or non-communicable diseases through the provision of grants to biotechnological and pharmaceutical companies, institutions, researchers, and research institutes for the research and development of drugs, herbal medicines and vaccines for the control, prevention and treatment of...
Others include improving the capacity of biotechnological and pharmaceutical companies, institutions, researchers, and research institutes in the development of approved Nigerian drugs, herbal medicines and vaccines for infectious diseases and supporting capacity of relevant health agencies towards attaining World Health Organisation Maturity Level 3. The WHO’s recommendation is a prerequisite for manufacturing of vaccines in Nigeria.
It added: “Candidate vaccines undergoing pre-clinical testing or trials shall not be eligible for consideration under this scheme. However, candidate vaccines undergoing clinical testing or trials shall be eligible for consideration under the scheme if considered to have high potential to cross the clinical trial stage and prospects of scale by the Body of Experts .
“The BoE shall meet regularly to appraise the research and development project and submit progress reports to the CBN.” According to the CBN, the composition of the BoE shall be made up of two independent research specialists appointed by the CBN; one nominee from National Agency for Food and Drug Administration and Control ; one nominee from Nigeria Institute for Pharmaceutical Research and Development ; one nominee from Nigeria Centre for Disease Control ; one nominee from Nigeria Institute of Medical Research and one nominee from the Federal Ministry of Health.
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