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Coronavirus

COVID-19: G-20 announces fair vaccine distribution to developing nations

G-20 has agreed to pay for COVID-19 vaccine distribution to developing nations that can’t afford it.

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Covid-19: First world nations oppose waiving intellectual rights for vaccine development

G-20 nations announced a pledge to pay for vaccine distribution to developing nations that can’t afford it. The leaders also announced a debt extension programme to developing nations during the weekend’s G-20 summit.

This was announced in a draft by G-20 leaders, and seen by Reuters on Saturday.

“We will spare no effort to ensure their affordable and equitable access for all people, consistent with members’ commitments to incentivize innovation,”  The G-20 leaders said. “We recognize the role of extensive immunization as a global public good.”

They added that the world economy is picking up after the pandemic, however, it remained highly subject to elevated downside risks. They urged the need to implement measures to safeguard economies and petitioned that multilateral banks focus on helping poorer nations fight the effects of the pandemic.

The draft agreement also disclosed that private creditors help in debt servicing alongside the G-20 until 2021

There is a lack of participation from private creditors, and we strongly encourage them to participate on comparable terms when requested by eligible countries,” they said.

The G-20 acknowledged that the world must be better prepared for the next pandemic and pledges commitment to advancing global pandemic preparedness, prevention, detection, and response and more engagement to prevent another pandemic hit to global economies.

What you should know 

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The G-20 pledge may come as a surprise after Nairametrics reported last week that rich nations rejected a World Trade Organization (WTO) proposal to waive the intellectual property rights needed for the manufacturing of Covid-19 vaccines. The waiver would have made the vaccine access cheaper for developing nations.

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Business News

COVID-19 Update in Nigeria

On the 6th of May 2021, 28 new confirmed cases were recorded in Nigeria

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Covid 19 update symptops

The spread of novel Corona Virus Disease (COVID-19) in Nigeria continues to record significant increases as the latest statistics provided by the Nigeria Centre for Disease Control reveal Nigeria now has 165,301 confirmed cases.

On the 6th of May 2021, 28 new confirmed cases were recorded in Nigeria.

To date, 165,301, cases have been confirmed, 155,424 cases have been discharged and 2,065 deaths have been recorded in 36 states and the Federal Capital Territory

A total of 1.94 million tests have been carried out as of 6th May 2021 compared to 1.91 million tests a day earlier.

COVID-19 Case Updates- 6th May 2021,

  • Total Number of Cases – 165,301
  • Total Number Discharged – 155,424
  • Total Deaths – 2,065
  • Total Tests Carried out – 1,939,165

According to the NCDC, the 28 new cases are reported from 6 states- Lagos (10), Rivers (7), Akwa Ibom (6), Delta (2), Abuja (2), and Kaduna (1).

Meanwhile, the latest numbers bring Lagos state total confirmed cases to 58,524, followed by Abuja (19,802), Kaduna (9,064), Plateau (9,059),Rivers (7,130), Oyo (6,852), Edo (4,902), Ogun (4,678), Kano (3,961), Ondo (3,248), Kwara (3,122), Delta (2,623), Osun (2,575), Nasarawa (2,382), Enugu (2,401), Katsina (2,097), Gombe (2,034), Ebonyi (2,030), Anambra (1,909), Akwa Ibom (1,859), and Abia (1,689).

Imo State has recorded 1,657 cases, Bauchi (1,548), Borno (1,337), Benue (1,188), Adamawa (1,103), Taraba (974), Niger (930), Bayelsa (886), Ekiti (870), Sokoto (775), Jigawa (528), Kebbi (450), Cross River (394), Yobe (390), Zamfara (240), while Kogi state has recorded 5 cases only.

READ ALSO: COVID-19: Western diplomats warn of disease explosion, poor handling by government

Lock Down and Curfew

In a move to combat the spread of the pandemic disease, President Muhammadu Buhari directed the cessation of all movements in Lagos and the FCT for an initial period of 14 days, which took effect from 11 pm on Monday, 30th March 2020.

The movement restriction, which was extended by another two weeks period, has been partially put on hold with some businesses commencing operations from May 4. On April 27th, 2020, Nigeria’s President, Muhammadu Buhari declared an overnight curfew from 8 pm to 6 am across the country, as part of new measures to contain the spread of the COVID-19. This comes along with the phased and gradual easing of lockdown measures in FCT, Lagos, and Ogun States, which took effect from Saturday, 2nd May 2020, at 9 am.

On Monday, 29th June 2020 the federal government extended the second phase of the eased lockdown by 4 weeks and approved interstate movement outside curfew hours with effect from July 1, 2020. Also, on Monday 27th July 2020, the federal government extended the second phase of eased lockdown by an additional one week.

On Thursday, 6th August 2020 the federal government through the secretary to the Government of the Federation (SGF) and Chairman of the Presidential Task Force (PTF) on COVID-19 announced the extension of the second phase of eased lockdown by another four (4) weeks.

Governor Babajide Sanwo-Olu of Lagos State announced the closed down of the Eti-Osa Isolation Centre, with effect from Friday, 31st July 2020. He also mentioned that the Agidingbi Isolation Centre would also be closed and the patients relocated to a large capacity centre.

Due to the increased number of covid-19 cases in Nigeria, the Nigerian government ordered the reopening of Isolation and treatment centres in the country on Thursday, 10th December 2020.

On 26th January 2021, the Federal Government announced the extension of the guidelines of phase 3 of the eased lockdown by one month following the rising cases of the coronavirus disease in the country and the expiration of phase 3 of the eased lockdown.

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On 28th February 2021, the federal government confirmed that the first tranche of Covid-19 vaccines will arrive in Nigeria on Tuesday, March 2nd, 2021.

On Tuesday, 2nd March 2021, the National Primary health Care Development Agency announced the arrival of the expected COVX Astrazeneca/Oxford covid-19 vaccines.

On Saturday, 6th March 2021, President Muhammadu Buhari and his vice, Yemi Osinbajo received vaccination against the covid-19 as the State House in Abuja.

READ ALSO: Bill Gates says Trump’s WHO funding suspension is dangerous

 

 

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Coronavirus

COVID-19: US Government to support vaccine intellectual property waiver

The US government has announced that it supports the waiver of Intellectual Property Protections on Covid-19 vaccine development.

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AstraZeneca suspends COVID-19 vaccine final stage trial over safety concerns, COVID-19: J&J starts vaccine trials on humans after success on monkeys

The United States government has announced that it supports the waiver of Intellectual Property Protections on Covid-19 vaccine development, in a bid to boost the fight against the pandemic, and says it will participate in the Okonjo-Iweala-led WTO negotiation to make it happen.

This was disclosed in a statement by Ambassador Katherine Tai, the US Trade Rep, on Wednesday evening.

What the statement on Covid-19 IP waiver said

“The administration believes strongly in intellectual property protections, but in service of ending this pandemic, supports the waiver of those protections for Covid-19 vaccines.

We will actively participate in text-based negotiations at the World Trade Organization (WTO) to make this happen.

The Administration’s aim is to get as many safe and effective vaccines to as many people as fast as possible.”

They added that they would continue working with the private sector and all possible partners to expand vaccine manufacturing and distribution.

What you should know

Recall Nairametrics reported earlier that World Trade Organization’s Director-General, Dr Ngozi Okonjo-Iweala, had warned that “vaccine nationalism” could affect the much-expected pandemic recovery, as well as decimate economic growth for all countries – rich and poor.

“A very top priority for me would be to make sure that prior to the very important ministerial conference … that we come to solutions as to how the WTO can make vaccines, therapeutics and diagnostics accessible in an equitable and affordable fashion to all countries, particularly to poor countries,” she added.

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