Go back to your Labs, develop Nigerian vaccine, we will fund it, CBN tells

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CBN governor, Godwin Emefiele

The Central Bank of Nigeria has called on Nigerians to head to the laboratories in order to research a vaccine for the novel coronavirus with a promise to assist with funding.

CBN governor, Godwin Emefiele disclosed this at the unveiling of the THISDAY Dome Testing, Tracing & Treatment Centre in Abuja, on Tuesday stating that the CBN was developing a framework that would provide grants and long term facilities for researchers to develop the Nigerian Vaccine.

Emiefiele said, “Our objective is to improve the capacity of our health system to address emerging public health challenges.”

“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”.

He used the opportunity to call on Nigerian scientists at home and in the diaspora to go back to their laboratories and develop a Nigerian vaccine and assured that if the vaccine gets validated, the CBN would assist with the needed funding.

He said, “The Central Bank of Nigeria today challenges Nigerian scientists at home and in the diaspora to go back to their laboratories and develop a Nigerian vaccine.

“Once validated by the Health Authorities, the CBN will step in and do the needful for the sake of over 200 million Nigerians now confronted by COVID-19”.

The governor also commended the Nigerian private sector, who have come together under the Coalition against COVID-19 (CA -COVID) to support the government, by raising funds to procure needed Isolation Centres, medical equipment, etc.

He said, “So far, the CA-COVlD-19 has raised up to N27 Billion to fund these initiatives. These donations are being used to build well-equipped isolation centres across the 36 states of the federation” he added.

Recall that just last month, scientists at the University of Ilorin had said they working on developing a vaccine for COVID-19 but had to halt the research due to lack of funding.

What do you think of CBN’s challenge? Do you think Nigerian’s would take them up and develop a vaccine for the coronavirus? Let us know in the comments section.