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Nairametrics
Home Business News

FG proposes N296 billion for purchase of Covid-19 vaccines

Chike Olisah by Chike Olisah
April 1, 2021
in Business News, Spotlight
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The Federal Ministry of Health has proposed the sum of N296 billion for the purchase of Covid-19 vaccines to cover 2021 and 2022.

This is expected to be part of the supplementary budget that will soon be sent to the National Assembly for its consideration and approval.

This disclosure was made by the Minister of Finance, Budget and National Planning, Zainab Ahmed, while briefing State House Correspondents, after the Federal Executive Council (FEC) meeting, which was held earlier in the week.

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Ahmed said that the President earlier in the year, gave approval in principle for the Federal Ministry of Health to work with the Federal Ministry of Finance, Budget and National Planning, to submit to the National Assembly, a supplementary budget of N399 billion for Covid-19 vaccination and building of primary healthcare centres across the country.

However, she said that they have decided to step down the N103 billion for the primary healthcare centres for now and go ahead with the N296 billion for the Covid-19 vaccination.

Ahmed in her statement said, “Sometime in January, the President based on the request by the Ministry of Health gave an in-principle approval for the Ministry of Health to work with the Ministry of Finance, Budget and National Planning to prepare and take to the National Assembly, a supplementary budget for Covid-19 vaccination.

The submission that was made to the President at that time was in the sum of N399 billion, included in this N399 billion was the N103 billion for the building of primary healthcare centres. So we have worked with and met several times with the Ministry. We agreed that we will back out of this building of primary healthcare centres, that can wait till later.’’

In case you missed it

It can be recalled that Nigeria on March 5, 2021, commenced the vaccination of its citizens against the Covid-19 disease beginning with health workers and some top government functionaries.

This follows the arrival of the first batch of 4 million doses of the AstraZeneca/Oxford Covid-19 vaccine from the WHO-backed COVAX initiative.

The Federal Ministry of Health has proposed the sum of 296 billion Naira for the purchase of Vaccines to cover 2021 and 2022. A supplementary budget will be sent to the National Assembly in due course.#FECBriefing pic.twitter.com/8GvWv47JNG

— Government of Nigeria (@NigeriaGov) April 1, 2021

 

 


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Tags: Covid-19 vaccineFederal Ministry of HealthZainab Ahmed
Chike Olisah

Chike Olisah

Chike was a banker with over 11 years experience in retail and commercial banking, risk management, treasury portfolio management and relationship management. He also acquired some experience in financial management and do have some special interest in investment analysis and personal finance. He had stints with financial institutions like the former Intercontinental Bank and Fidelity Bank.

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Comments 1

  1. Anonymous says:
    April 1, 2021 at 9:22 pm

    For G…d sake, can’t they fix the healthcare centers that we have nation n wide and equip them. What is wrong with our leaders? God help us please

    Reply

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