COVID-19: CBN to support domestic vaccine production with N100b

Governor, Central Bank of Nigeria, CBN, Godwin Emefiele, says the apex bank is ready to support researchers, science-based institutions and biotechnology firms with N100 billion grant in the quest for a homegrown vaccine to fight Corona Virus (COVID-19) in Nigeria.

The apex bank governor, who spoke at the commissioning of ThisDay Dome Testing, Treatment, Tracing and Isolation Centre in Abuja, said the pandemic has affected the global economy.

According to him, so far, the Coalition Against COVID-19, (CACOVID) has raised over N27billion to fund this initiative.

He said the donation received so far is being used to build well-equipped isolation centres across the 36 states of the federation.

“The ThisDay Dome Testing, Treatment, Tracing and Isolation Centre being launched today, represents a part of the support being provided by the CACOVID alliance. So far, CACOVID has equipped and handed over isolation centres in Rivers, Enugu, Kwara, Ondo and Borno.
states, it is expected that other isolation centres will be handed over in the other states of the country including FCT, by May 23rd 2020. As part of measures put in place to cushion the effect of the COVID-19, CACOVID has provided food items to poor and Indigents Nigerians,” Emefiele said.

He said Nigeria’s economy is exposed to triple shock following the spread of the disease.

Source: Voice of Nigeria