COVID-19: Federal Government Needs N2.44 Trillion To Vaccinate 165 Million Nigerians

January 7, 2021
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The Federal Government will need about N2.44tn for the vaccination of 164.8 million Nigerians, who will not have access to free vaccines the country is expecting from the international community.

COVID-19: Federal Government Needs N2.44 Trillion To Vaccinate 165 Million Nigerians 1

According to PUNCH, coronavirus vaccines available globally include those discovered by Pfizer, Johnson & Johnson, Oxford and Novavax.

Recall that the Executive Director of the National Primary Healthcare Development Agency, Faisal Shuaib, at a press conference of the Presidential Task Force on COVID-19 in Abuja on Tuesday, said 100,000 doses of Pfizer/BioNTech vaccine would be received by the country at the end of this month.

He also said Nigeria would secure free delivery of 42 million doses of vaccines, which would be a combination of all the available and approved vaccines currently in the market.

According to him, the 42 million doses of the vaccines will only cover 20 per cent of the country’s population, which the National Population Commission, recently put at 206 million.

Shuaib added that the NPHCDA, the PTF and the Federal Ministry of Health were working on financial requirements for procuring more vaccines.

He, however, said the country needed to cover only 70 per cent of its population with vaccination to battle the virus.

But based on his statement that the 42 million doses of vaccines, which Nigeria would get free of charge, would cover 20 per cent of Nigeria’s population, it means 41.2 million Nigerians would be vaccinated against COVID-19, leaving 164.8 million others unprotected.

Although there are various vaccines, www.healthline.com states that Pfizer/BioNTech vaccine costs $19.5 per dose ($39 per two doses).

The United States’ Food and Drug Administration Agency had last month said Pfizer-BioNTech COVID-19 vaccine is administered as a two-dose series, three weeks apart.

Based on the two-dose requirement for each of the 164.8 million Nigerians, it means the country will need $6.43bn or N2.44tn (using CBN official exchange rate of N379/$1) to procure the vaccine for them.

The N2.44tn does not include the cost of transportation and other logistics.

Meanwhile, Nigeria recorded 1,664 new cases of coronavirus on Wednesday, bringing the total number of infections in the country to 94,369.

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