Home Why CBN is developing framework for funding COVID-19 vaccine

Why CBN is developing framework for funding COVID-19 vaccine

Share
CBN Governor, Godwin Emefiele
Share

As part of efforts to fight the coronavirus pandemic, the Central Bank of Nigeria (CBN), Nigeria’s apex monetary authority has disclosed that it is developing a framework to provide financial support to aid the fight against Coronavirus disease in the country.

Confiance News gathered from Twitter on Wednesday.

“#CBN develops framework for grants and long-term facilities to researchers, science institutions and biotechnology firms to develop Nigerian Vaccine for Corona Virus.”

“#Emefiele challenges Nigerian Scientists across the world to develop a Nigerian vaccine to check coronavirus,” CBN tweeted.

Moreover, the Central Bank governor, Godwin Emefiele noted that the fund would be released as soon as the vaccine is validated by the health authorities.

“#Emefiele says CBN will support development of vaccine ONCE validated by the Health Authorities,” the bank revealed on Twitter.

Nigeria recorded the index case of the coronavirus pandemic on February 27, 2020, since then it has spread to all the parts of Nigeria with 5,162 confirmed cases except Cross River and Kogi States.

Although scientists globally have been engaged in the research of a vaccine against the COVID-19 disease, there are still no certified vaccine for the disease.

Hence, the need for more funding of the coronavirus vaccine research.

Share

Leave a comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Member

Don't Miss

A tribute to an extraordinary icon: Happy birthday to Mack Ogbamosa

By Umoru Abdulkadir‎‎There are individuals who merely hold positions, and there are those whose lives become enduring symbols of excellence, service, and integrity....

INTI International University names Dr. Chike Duru Research Fellow‎

Achievers University don bags global fellowship for communication research excellence‎‎By Chioma Obinagwam‎‎Nigerian communication scholar and public relations authority, Dr. Chike Walter Duru, has...

Related Articles

A tribute to an extraordinary icon: Happy birthday to Mack Ogbamosa

By Umoru Abdulkadir‎‎There are individuals who merely hold positions, and there are...

INTI International University names Dr. Chike Duru Research Fellow‎

Achievers University don bags global fellowship for communication research excellence‎‎By Chioma Obinagwam‎‎Nigerian...

‎CBN retains Interest rate at 26.5% amid Middle East tensions‎

By Chioma Obinagwam‎‎Nigeria’s apex bank has kept its benchmark interest rate unchanged,...

‎MIHAS 2026: Malaysia woos Nigeria into $3.5trn Halal Market‎

MATRADE targets more Nigerian and West African participation in $3.5 trillion global...