Godwin Emefiele , the Governor of the Central Bank of Nigeria, has disclosed that the apex bank will be funding research for a Nigerian Coronavirus vaccine.
Emefiele disclosed this at the unveiling of THISDAY Dome testing, tracing, and treatment centre on Tuesday in Abuja. He said they are currently designing a framework which includes grants and long term facilities for “researchers, science institutions and biotechnology firms to develop the Nigerian Vaccine.”
The CBN Governor said “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. Practitioners in the Pharmaceutical and healthcare sectors will be able to access finance at a single-digit rate through this fund. We are also working with financial institutions to enable the continuous flow of credit to viable businesses while putting in place provisions such as moratoriums and restructuring of existing loans under CBN intervention funds, that have been provided to businesses.”