Nigeria gets US$400 million in World Bank financing for COVID-19

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LAGOS: Nigeria got approval on Friday (Oct 1) for US$400 million in World Bank financing to procure and deploy COVID-19 vaccinations, the bank said in a statement. The World Bank board of directors signed off on the financing, provided via the International Development Association, which it said would enab

LAGOS: Nigeria got approval on Friday for US$400 million in World Bank financing to procure and deploy COVID-19 vaccinations, the bank said in a statement.

In a statement, the bank said the money would ensure that the government can vaccinate 51per cent of its population within two years and"avoid the dreadful consequences of another lockdown that left in its wake an economic toll the country is still grappling with." Nigeria has administered some five million vaccine doses to its 200 million citizens, and is in the midst of deploying millions more doses of Moderna and AstraZeneca shots received through the COVAX scheme aimed at providing vaccines to developing countries.

 

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