COVID 19: President Buhari Asks Senate to Approve N900 Billion for Vaccine
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Nigeria’s President Muhammadu Buhari has asked the parliament to approve 895.8 billion Naira for the purchase of COVID 19 vaccines and military equipment
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The president has proposed that 45.63 billion naira of the budget is funded by a loan from the world bank and other grants
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The health ministry has developed a program to vaccinate 70% of eligible Nigerians by 2022
Reuters has reported that Nigeria’s President Muhammadu Buhari asked the senate to approve an extra 895.8 billion naira for the purchase of COVID 19 vaccine and military equipment.
The government previously announced that it will draw up a supplementary budget to cover the cost of COVID-19 vaccinations which was excluded from the 2021 finance bill.
President Buhari has proposed that 45.63 billion naira of the total fund required for the COVID vaccine is funded by loans from World Bank.
FG had previously announced that the health ministry developed a plan to vaccinate 70% of Nigeria’s population between now and the end of 2022.
At the moment only 4 million doses of vaccine have been received in the country through the COVAX initiative.
Apart from the funds required for COVID 19 vaccine, the president also requested more funds for the military.
Read also: Nigeria to Receive Out Of 55 Million U.S Covid-19 Vaccine Donation
According to the president’s statement, the funds will be used to purchase equipment and other resources to help security agencies tackle challenges across the country.
The statement reads;
“Our security and law enforcement agencies urgently need to procure additional equipment and other resources in response to the prevalent security challenges across the country,”
Insecurity in Nigeria is at an all-time high, with various issues ranging from abduction, robberies and herdsmen conflict being tackled in different regions.
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