According to a statement issued on Friday, the World Bank has approved a $400 million credit for Nigeria.
The additional funding from the International Development Association (IDA) will cover the purchase and distribution of the COVID-19 vaccine across the country.
The original COVID-19 response program would be expanded to enable equitable access as Nigeria plans to break the chain of local transmission and limit pandemic spread.
The credit would fund the purchase of vaccines for 18% of the population (40 million people) and support effective deployment for 50% of the people, or approximately 110 million people.
It would also assist Nigeria in strengthening its healthcare systems and preparing for future healthcare emergencies.
Nigeria will have access to vaccines under the right conditions, including value for money, regulatory approvals, and delivery time, among other things.
“This will ensure that the government meets its plans to vaccinate 51% of its population in two years,” according to the statement.
According to Shubham Chaudhuri, World Bank Country Director, as Nigeria deals with the effects of a third wave, continued vaccination of citizens is critical.
Chaudhuri advised citizens to always follow safety precautions in order to avoid the type of lockdown that occurred in 2020.