Friday, Sep 25th 2020 9:51 AM
Lagos
+29°C

Market Digest Nigeria

Finance

Nigeria receives $890m from Global Fund to fight HIV, malaria, tuberculosis

Nigeria Govt Receives $890m

Nigeria has received an $890 million grant from the Global Fund to reduce the burden of HIV, Tuberculosis and Malaria over an implementation period of three years, beginning from 2021 to 2023.

Nigeria Govt Receives $890m

The Minister of Health, Osagie Ehanire, announced the receipt of the grant at a news conference on Tuesday in Abuja.

The Global Fund to fight HIV/AIDS, Tuberculosis and Malaria (GF) is an innovative international financing mechanism established by the United Nations in 2002, with its headquarters in Geneva, Switzerland.

It is a global partnership of governments, civil society and private donors.

It was established for the purpose of attracting, leveraging and investing resources to fund public health interventions to accelerate the eradication of HIV, tuberculosis and malaria in affected high burden countries, towards Sustainable Development Goals.

Mr Ehanire said the fund was the largest made to any country in the funding cycle, attributing it to the successful funding request made by the Nigeria Country Coordination Mechanism (CCM).

CCM Nigeria, the custodian of Global Fund (GF) grant, is a body of representatives of government, bilateral and multilateral organisations, Civil Society Organisations, patients, communities, the private sector and academia.

The mandate of CCM is to oversee the delivery of Global Fund HIV, Tuberculosis, Malaria and Resilient Sustainable Systems for Health (RSSH) grants.

He said the CCM, Country Coordinating Mechanism Nigeria is the official national establishment, through which The Global Fund relates with Fund recipient countries.

“The federal government, through the Federal Ministry of Health, facilitated the establishment of Nigeria’s CCCM in March 2002 as the recognised entity with the mandate to receive Global Fund grants on behalf of the country.”

The minister said the Global Fund raised and invested nearly four billion dollars a year to support programmes in countries and communities that are most in need.

Mr Ehanire said Nigeria ranked among the largest recipients of Global Fund investments in the world.

“Since inception in 2002, The Global Fund has committed the sum of USD$2,585,537,824 to operations in Nigeria, which are split into four programme areas: (a) HIV/AIDS, (b) Tuberculosis, (c) Malaria, (d) Resilient Systems Strengthening for Health, (RSSH).

“Of that amount, Nigeria has, as of date, accessed US$2,436,371,946, representing 94 per cent of the committed amount.

Click to comment

Leave a Reply

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

To Top
SUBSCRIBE NOW!
Get the best of Market Digest Nigeria financial news
delivered to your inbox daily!
By clicking Give it a try, I hereby: Agree and Consent to the Terms of Use and the Privacy Policy
& I may receive free newsletters & promotions from this site and can choose to unsubscribe anytime.