Monday, Apr 19th 2021 8:59 AM

Market Digest Nigeria


Nigeria proposes N296bn for Covid-19 vaccines


Nigeria proposes N296bn for purchase of Covid-19 vaccines.

Nigerian Government on Thursday said it is proposing about 296 billion naira for the purchase of coronavirus vaccines.

“A supplementary budget will be sent to the National Assembly in due course,” it added.

Nigeria’s primary health care agency boss Faisal Shuaib on Wednesday told Reuters that he expects a supplementary budget would be presented to lawmakers within the next two weeks.

Nigeria, which has recorded over 2,000 deaths from COVID-19 and began vaccinations this month, plans to inoculate 40% of its people this year and another 30% in 2022.

It expects to initially receive 30 million doses of the Johnson & Johnson vaccine in July through the AU.

“We’re hoping that we’ll be able to get up to 70 million doses of the Johnson & Johnson this year. This is yet to be finalised but these are some of the advanced conversations that are going on between Nigeria and the African Union,” he said during an interview in the capital, Abuja.

“Some of the allocations that we were supposed to get for the AstraZeneca will be replaced by the Johnson and Johnson,” he said, adding that this was yet to be finalised.

Nigeria took delivery of 3.92 million doses of the Oxford/AstraZeneca vaccine in March and have since started giving the shots to eligible Nigerians.

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