World
Nigeria gets World Bank approval on $400m loan for COVID vaccines
The World Bank has approved $400 million credit facility for the purchase and deployment of COVID vaccines in Nigeria.
The approval was announced in a statement issued by the World bank.
According to the statement, the approval was granted on Thursday, and the fund is expected to be used to finance easier access to vaccines for Nigeria.
“The Government of Nigeria today received approval from The World Bank Board of Directors for a $400 million credit in additional financing from the International Development Association (IDA) to provide upfront financing for safe and effective COVID-19 vaccine acquisition and deployment within the country. This will be implemented as part of the COVID-19 Preparedness and Response Project,” the statement reads.
