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Nigeria gets $400 mln in World Bank financing for Covid...

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Nigeria gets $400 mln in World Bank financing for Covid-19

Crowds of shoppers walk through the Ikeja computer village market in Lagos, Nigeria, on Monday, March 29, 2021. Nigerians are having to contend with the highest inflation rate in four years, the second-highest unemployment rate on a list of 82 countries tracked by Bloomberg, and an economy that’s only just emerged from recession. Photographer: Adetona Omokanye/Bloomberg
By Reuters
04 Oct 2021 0

LAGOS, Oct 1 (Reuters) - Nigeria got approval on Friday for $400 million in World Bank financing to procure and deploy Covid-19 vaccinations, the bank said in a statement.

The World Bank board of directors signed off on the financing, provided via the International Development Association, which it said would enable Africa’s most populous nation to purchase COVID-19 vaccines for 40 million people, some 18% of its population, and support vaccine deployment to 110 million people.

In a statement, the bank said the money would ensure that the government can vaccinate 51% of its population within two years and “avoid the dreadful consequences of another lockdown that left in its wake an economic toll the country is still grappling with.”

The government last month said that around 20% of workers in Nigeria had lost their jobs as a result of COVID-19.

Nigeria has administered some five million vaccine doses to its 200 million citizens, and is in the midst of deploying millions more doses of Moderna and AstraZeneca shots received through the COVAX scheme aimed at providing vaccines to developing countries.

It also has 1.12 million doses of the Johnson & Johnson vaccine that it purchased through an African Union programme and is also scheduled to receive 7.7 million doses of the Sinopharm vaccine via COVAX.

As of Oct. 1, Nigeria had recorded 205,779 confirmed cases of COVID-19 and 2,721 deaths from the virus. (Reporting By Libby George in Lagos and Camillus Eboh in Abuja, Editing by Nick Zieminski)

Information pertaining to Covid-19, vaccines, how to control the spread of the virus and potential treatments is ever-changing. Under the South African Disaster Management Act Regulation 11(5)(c) it is prohibited to publish information through any medium with the intention to deceive people on government measures to address COVID-19. We are therefore disabling the comment section on this article in order to protect both the commenting member and ourselves from potential liability. Should you have additional information that you think we should know, please email [email protected]

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