The bank said the fund is meant to provide upfront financing for safe and effective COVID-19 vaccine acquisition and deployment.
The World Bank’s Board of Directors has approved a $400 million credit to Nigeria in additional financing, from its International Development Association , for COVID-19 vaccine acquisition, the bank announced in a statement it issued on Friday, in Washington.
This is in order to purchase affordable COVID-19 vaccines for 18 per cent, or about 40 million of Nigeria’s population and support effective vaccine deployment to 50 per cent, about 110 million Nigerians. “This will ensure that the government meets its plans to vaccinate 51 per cent of its population in two years.”
“This additional funding would ensure that the Nigerian government has the necessary financial resources to keep its vaccination drive going. This would mean that Nigerians will have increased access to the COVID-19 vaccination.”
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