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CBN approves research grant for local vaccine production

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THE Central Bank of Nigeria (CBN)  has agreed to release research grant and long term facilities to researchers, scientific institutions and bio-technological firms for COVID-19 local vaccine production.

  Governor of CBN, Godwin Emefiele, made this disclosure on Tuesday, at the commissioning of THISDAY Dome COVID-19 Testing, Tracing and Treatment Centre, in Abuja highly-equipped with 300-bed facility and a 54 gene laboratory, a private sector driven project sponsored by some Nigeria private sector practitioners (The Sahara Energy Group ,

 This Day Media and Technology Group, the CA-COVID, the AFC, CCECC, Nigerian National Petroleum Corporation and the Central Bank of Nigeria) who came together under the coalition against COVID-19 (CA-COVID) to support the government through fund raising for the procurement of needed isolation centers, medical equipment.

  The Centre was commissioned by Chairman of the Presidential Task Force (PTF) and Secretary to the Government of The Federation (SGF) on COVID-19, Boss Mustapha.

  According to Emefiele the “CBN is developing a framework which would grant and long term facilities to researchers, science, institution and bio-technology firms to develop the Nigerian Vaccine”, an effort aimed at promoting greater research and development of drugs and vaccines that  would help fight against the spread of the virus in the country.

  He urged Nigeria Scientists, to develop a local vaccine for the virus, assuring to do the needful for the sake of over 200 million Nigerians confronted by Covid-19 once it is validated by the health experts. He enjoined all Nigerians to support the PTF in its determination to save lives and stem the pandemic.

  “The country’s ability to restore the growth of the economy is dependent on how Nigeria addresses the public Health crisis brought on by Covid-19. It is in view of this that CBN launched a N100billion to enable health care sectors to access finance at single digit rate through this fund.” He said.

  He commended the Nigeria private sector practitioners who came together under the coalition against COVID-19 (CA-COVID) to support the government through fund raising for the procurement of needed isolation centers, medical equipment, CA.

  “So far, the CA-COVID-19 has raised up to N27 billion to fund these initiatives. These donations are being used to build well equipped isolation Centres across the 36 States of the federation.“This DAY Dome Tesing, Tracing and Treatment Centre being launched today represents a part of the support being provided by the CA COVID alliance.

These measures will result in the addition of close to 4,000 hospital beds across the Country and will serve as a significant boost towards, our efforts at containing the spread of COVID-19.”

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