CBN To Fund Nigerian Researchers/Institutions Researches For COVID-19 Vaccine

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By Christiana Onuoha

The Central Bank of Nigeria (CBN) has said it is developing a frame work under which grants and long term facilities will be provided to researchers, science institutions and biotechnology firms to develop Nigeria vaccine for Covid -19.

CBN Governor ,Godwin Emefiele, disclosed this at the commissioning of Thisday Dome COVID-19 Testing, Tracing and Treatment Center, in Abuja.

The 300-bed facility with a 54gene laboratory, is a private sector driven initiative donated by a consortium of like-minded partners powered by the Sahara Energy Group and the ThisDay Media and Technology Group. Other key players include the CA-COVID, the AFC, CCECC, NNPC and the CBN.

The center was commissioned by secretary to the government of the federation,Boss Mustapha.

Emefiele said the CBN will encourage greater research and development in Nigeria of drugs and vaccines that would help prevent the spread of the virus.

According to him, the apex bank is developing a framework under which grants and long term facilities will be provided to researchers, science institutions and biotechnology firms to develop the Nigerian Vaccine.

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