Nigeria may spend over N540bn on COVID-19 vaccines

NIGERIA may spend about $1.4bn (N540.4bn, at the official exchange rate of $1: N386) to procure and distribute 218,400,000 doses of COVID-19 vaccines, Sunday PUNCH has learnt.

The figure is based on estimates of the World Health Organisation as regards the total amount of funds that Africa would need to pursue a vaccination drive.

According to the WHO, Africa will need at least $9bn (N3.4tn) to procure and distribute 1.4 billion doses of COVID-19 vaccines.

This development comes as Lagos State Governor, Babajide Sanwo-Olu; his Edo State counterpart, Godwin Obaseki; as well as the wife of Osun State Governor, Mrs Kafayat Oyetola, among others, have expressed worry over the second wave of the COVID-19 pandemic, amid rising cases and deaths in the past few weeks.

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