Saturday, November 27, 2021
spot_img

COVID-19: We’ve Approached World Bank For $30m Loan To Build Vaccine Plant In Nigeria – Buhari

- Advertisement -
President Muhammadu Buhari says his government is in talks with the World Bank to obtain $30 million to build a vaccine plant in Nigeria. Buhari, represented by Vice-President Yemi Osinbajo, made this known in Jos on Saturday during the graduation of Senior Executive Course 43 participants of the National Institute for Policy and Strategic Studies. Buhari Borrows $30m to build COVID-19 Vaccine plant

The President said he hoped that the vaccine plant to be built in collaboration with May & Baker Nigeria Plc would commence next year.
READ ALSO: I’ll Consider Demand For Nnamdi Kanu’s Unconditional Release – Buhari

He said, “Nigeria is in talks with the World Bank’s private lending arm and other lenders to raise about $30 million to help finance a vaccine plant (with 49 per cent of the company owned by the Nigerian government and the balance held by May & Baker Nigeria Plc), plans to begin construction of the plant in the first quarter of next year.

READ ALSO: COVID-19: Lagos State Govt Cancels December Fiesta Over Fourth Wave

The plant will initially ‘fill and finish,’ which means importing the raw materials for the vaccines and then packaging them for distribution. Full manufacturing is expected to follow.” buhari

Watch our trending video of the day below;

Also Read:  Fuel Price Hike: FG Intentional About Making Lives Miserable - Nigerians React

Photo Credit: Getty

- Advertisement -

Related Articles

- Advertisement -

Leave a Reply

Stay Connected

13,000FansLike
21,100FollowersFollow
37,000SubscribersSubscribe
- Advertisement -

Latest Articles