• About Us
  • AKIP
  • Live TV
  • Our Programs
  • Latest News
    • Church News
    • Politics
    • Foreign News
    • Security
  • Airtime
  • From GM’s Desk
  • Church of Nigeria
  • Contact
Facebook Twitter Instagram
  • AKIP
  • From GM’s Desk
  • Live TV
Facebook Twitter Instagram
Advent Cable Network Nigeria Advent Cable Network Nigeria
  • Home
  • About Us
  • AKIP
  • Latest News
    • Church News
    • Politics
    • Security
    • Foreign News
    • Sport
  • Live TV
  • Our Programs
  • Airtime
  • Church of Nigeria
  • Contact
Donate
Advent Cable Network Nigeria Advent Cable Network Nigeria
Home»ACNN News Update»CBN To Fund Research For A Nigerian COVID-19 Vaccine – Emefiele
ACNN News Update

CBN To Fund Research For A Nigerian COVID-19 Vaccine – Emefiele

ACNN TVBy ACNN TVMay 13, 2020No Comments2 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email WhatsApp
Share
Facebook Twitter LinkedIn Pinterest Email WhatsApp

Governor of the Central Bank of Nigeria, Godwin Emefiele, says the country’s apex bank “is developing a framework” through which it can provide financial support to achieve a Nigerian COVID-19 vaccine.

Mr Emefiele said this at the unveiling of the THISDAY Dome testing, tracing, and treatment centre on Tuesday in Abuja.

The THISDAY Dome is expected to improve health facilities available to combat the viral disease.

On Monday, Nigeria recorded 242 new cases of the novel coronavirus, bringing its total infections to 4,641, according to the Nigeria Centre for Disease Control (NCDC).

The country has also recorded at least 150 deaths as a result of the virus.

“Needless to state that if we are to wait for foreign countries to develop their own vaccines, we will be the last in the queue to receive curative remedies for our teeming population,” Mr. Emefiele said.

He said the framework will involve grants and long term facilities that will be provided to “researchers, science institutions and biotechnology firms to develop the Nigerian Vaccine.”

Mr Emefiele said the CBN recently launched an N100bn healthcare intervention fund.

“Practitioners in the Pharmaceutical and healthcare sectors will be able to access finance at a single-digit rate through this fund,” he explained.

In a bid to cushion the effects of the pandemic on the Nigerian economy, the CBN has implemented several initiatives such as the provision of one trillion naira facility for firms operating in the agriculture and manufacturing sectors, Mr. Emefiele said.

“We are also working with financial institutions to enable the continuous flow of credit to viable businesses while putting in place provisions such as moratoriums and restructuring of existing loans under CBN intervention funds, that have been provided to businesses,” he added.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email WhatsApp

Related Posts

Court Restrains Oyo Assembly From Further Impeachment Process Against Makinde’s Deputy, Olaniyan

June 29, 2022

Ekweremadu: Senate To Send Delegation To London

June 29, 2022

We’ll Probe Former CJN Tanko Muhammad Despite Resignation – Senate

June 28, 2022
Add A Comment

Leave A Reply Cancel Reply

Recent Posts

Court Restrains Oyo Assembly From Further Impeachment Process Against Makinde’s Deputy, Olaniyan

June 29, 2022

Ekweremadu: Senate To Send Delegation To London

June 29, 2022

We’ll Probe Former CJN Tanko Muhammad Despite Resignation – Senate

June 28, 2022

Court Shifts Kanu’s Trial Till Nov 14

June 28, 2022

Nnamdi Kanu Loses As Court Rejects His Bail Application

June 28, 2022
Advent Cable Network Nigeria

ACNNTV is the Televangelism arm of the Church of Nigeria (Anglican Communion) with focus to keep the orthodox faith alive through development of inspiring and life changing broadcast products.

Facebook Twitter Instagram
Quick Links
  • About Us
  • AKIP
  • Board of Management
  • Contact
  • Privacy Policy
Quick Links
  • Our Programs
  • Program Rates
  • From GM’s Desk
  • Live TV

Subscribe to Updates

Get the latest creative news from FooBar about art, design and business.

© 2022 Anglican Cable Network Nigeria,Abuja. Designed by Dominion Web.

Type above and press Enter to search. Press Esc to cancel.