CBN to Fund the Development of Locally-Produced COVID-19 Vaccine

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SWITZERLAND, MAY 13 – The Governor of the Central Bank of Nigeria(CBN), Godwin Emefiele has announced that the apex bank will support the development of vaccines for COVID-19 once validated by the Health Authorities.

This was contained in a statement released by the CBN on Tuesday night.

Emefiele also challenged Nigerian Scientists across the world to develop a Nigerian vaccine to check the coronavirus.

At the commissioning of ThisDay Dome Testing, Treating, Tracing and Isolation Centre in Abuja on Tuesday, Emefiele said the apex bank is ready to support researchers, science-based institutions, and biotechnology firms with N100bn grant for the project.

Today’s Echo gathers that the CBN has developed a framework for grants and long-term facilities to researchers, science institutions and biotechnology firms to develop a Nigerian Vaccine for Coronavirus.

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