CBN will fund research for Nigerian made vaccines for Covid-19, says Emefiele


CBN Gov. Godwin Emefiele


By Our Reporter

Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele disclosed that the CBN is developing a framework to provide financial support to aid the fight against the country’s Coronavirus Disease

 Emefiele, disclosed this at the unveiling of the THISDAY Dome testing, tracing, and treatment centre in Abuja on Tuesday.

This much was revealed on the Twitter handle of the apex bank.

Emefiele explained that the fund would be released as soon as the vaccine is validated by health authorities.  He said

In order to encourage greater research and development in Nigeria of drugs and vaccines that would help prevent the spread of the virus, the CBN is developing a framework under which grants and long term facilities will be provided to researchers, science institutions and biotechnology firms to develop the Nigerian vaccine.

“Needless to state that if we are to wait for foreign countries to develop their own vaccines, we will be the last in the queue to receive curative remedies for our teeming population.

“The Central Bank of Nigeria today challenges Nigerian scientists at home and in the diaspora to go back to their laboratories and develop a Nigerian vaccine. Once validated by the health authorities, the CBN will step in and do the needful for the sake of over 200 million Nigerians now confronted by COVID-19.”



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