Wednesday, May 13, 2020

CBN To Support The Development Of Locally Made Vaccine With N100bn

Researchers, science-based institutions and biotechnology firms are to be supported with N100 billion grant by the Central Bank of Nigeria, CBN, in the quest for a homegrown vaccine to fight Coronavirus in Nigeria.

CBN To Support The Development Of Locally Made Vaccine With N100bn

This was announced by the CBN governor, Mr. Godwin Emefiele, at the commissioning of ThisDay Dome Testing, Treating, Tracing and Isolation Centre in Abuja.

He stated that, the pandemic has had an unprecedented effect on the global economy, impacting all nations big and small, adding that so far, the Coalition Against COVID-19, (CACOVID) has raised over N27billion to fund this initiative.

According to him, the donation received so far is being used to build well-equipped isolation centres across the 36 states of the federation.

Emefiele stated;

The ThisDay Dome Testing, Treating, Tracing and Isolation Centre being launched today, represents a part of the support being provided by the CACOVID alliance. So far, CACOVID has equipped and handed over isolation centres in Rivers, Enugu, Kwara, Ondo and Borno.

It is expected that other isolation centres will be handed over in the other states of the country including FCT, by May 23rd 2020. As part of measures put in place to cushion the effect of the COVID-19, CACOVID has provided food items to poor and Indigents Nigerians.

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