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Home Business News Coronavirus

Covid-19: Africa needs vaccine equity to recover sustainably – Okonjo-Iweala

William UkpebyWilliam Ukpe
2 years ago
in Coronavirus, Spotlight
Meet Dr. Ngozi Okonjo-Iweala; Africa’s woman of the moment
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WTO Boss, Dr Ngozi Okonjo Iweala disclosed that it is important Africa benefits from vaccine equity to give young entrepreneurs on the continent a platform and ecosystem to thrive.

Nigeria’s former Finance Minister disclosed this at the UBA Africa Day event on Tuesday themed: “Africa to the world.”

What Okonjo-Iweala said about vaccine equity

“If we are to recover sustainably from this crisis, we have to correct vaccine inequity that is evident in the world today,” she said.

“The fact that we have vaccinated so little is not acceptable, the fact that we import 99% of vaccines and 90% of pharmaceuticals is not acceptable.

Going back to vaccines, the IMF says if we spend $50 billion to vaccinate 40% of the world’s population by 2021, and 60% by 2022, we would be able to reverse vaccine inequity and the world’s global GDP can gain $9 trillion by 2025.

It is important for the world, that Africa benefit from vaccine equity, we cannot recover sustainably without it,” she added.

She also stated that Africa needs to fight the pandemic, either by getting more vaccines in or manufacturing locally, citing that the WTO stands ready to do it and keep supply chains open for this.

“When we do this, not if, when we reverse this inequity, we will be able to create the type of platform, that will give young entrepreneurs, and show the world that Africa and its youth can be part of the present and very important part of the future.”

What you should know

Recall Nairametrics reported last month that The International Monetary Fund (IMF) stated that a continued lack of access to vaccines will see Africa’s projected growth at 3.4% compared to the rest of the world at 6%.

Related

Tags: Africa to the worldNgozi Okonjo Iweala

Comments 8

  1. Seun Ezekiel says:
    May 25, 2021 at 6:14 pm

    Nigeria must be great we must get out of poverty
    Cryptocurrency is legit
    God bless Nigeria
    God bless CBN

    Reply
  2. Milli Milli says:
    May 26, 2021 at 11:36 am

    We don’t need anyone’s approval or assurance to trade cryptocurrency. The earlier d CBN realise dis and come to terms, d better. Since the ban in February we’ve not stopped trading and d money never stopped coming.
    Hahahahahahahahaha

    Reply
  3. Dox says:
    May 26, 2021 at 5:24 pm

    Who cares , we don’t give a fuck….. If y’all at CBN the government like continue going backward when other countries of the world are moving forward, you won’t drag us into that. Lmao?? shebi at first the CBN governor didn’t say anything initial when deposits was banned. But I guess they now realize they are not important at all in the crypto space, thanks to technology??

    Reply
  4. Hafiazu says:
    May 26, 2021 at 6:56 pm

    P2P block it if u can

    Reply
  5. Yakubu ibrahim says:
    May 26, 2021 at 9:28 pm

    good I like cryptocurrency

    Reply
  6. Patrick Odugboche says:
    May 26, 2021 at 10:18 pm

    Wetin concern us with CBN again na?
    Ban as you want.
    Fish de wear raincoat?
    Mtchewww!

    Reply
  7. Douke says:
    May 27, 2021 at 6:13 pm

    Increased Nigeria treasury bill and Bond interest rate. The inflation rate and fuel pump price is high.

    Reply
  8. Anonymous says:
    May 31, 2021 at 3:36 am

    Hmmmm

    Reply

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