Saturday, Jun 19th 2021 6:38 AM

Market Digest Nigeria


FG approves N83.56b to purchase Covid vaccine


Covid-19: FG approves N83.56 billion to purchase 30 million J&J vaccines

Nigeria’s Finance Minister, Zainab Ahmed, has disclosed that the FG approved the sum of N83.56 billion to purchase 30 million J&J vaccines during the N895 billion supplementary budget session.

The Minister disclosed this to State House correspondents after the Federal Executive Council (FEC) meeting in Abuja on Wednesday.

What the Minister said

”The total of this expenditure is made up of N83.56 billion for COVID-19 vaccine programme, covering 30 billion vaccines from Johnson and Johnson vaccines and the logistics cost related to the deployment of that vaccine.

It also contains the sum of N1.69 billion for the Nigeriaan Comprehensive AIDS programme currently operating in the States and an additional contingency provision of N40 billion under the public service-wide wage adjustments to take care of the needs for allowances to the health and education sectors and other wage-related issues.

This is an incremental provision to the N100 billion already provided for in the 2021 budget,” she said.

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