RateCaptain
  • Home
    • About Us
    • Contact Us
  • FX Rates
  • Money Market
  • Cryptocurrency
  • Commodities
  • Corporates
No Result
View All Result
Subscribe
  • Home
    • About Us
    • Contact Us
  • FX Rates
  • Money Market
  • Cryptocurrency
  • Commodities
  • Corporates
No Result
View All Result
RateCaptain
No Result
View All Result
Home Economy

Nigeria Pursues $1.24 Billion Funding for Malaria Vaccine

Victoria Attah by Victoria Attah
March 11, 2024
in Economy
Reading Time: 2 mins read
A A
0
Nigeria Pursues $1.24 Billion Funding for Malaria Vaccine

mosquito on human skin at sunset

Share on FacebookShare on TwitterShare on WhatsappShare on Telegram

The Federal Government of Nigeria is in a race to secure $1.24 billion to procure the R21 malaria vaccine, intending to cover an estimated 31 million children under the age of five, according to a BusinessDay analysis. The vaccine, jointly developed by Oxford University and the Serum Institute of India (SII), consists of a three-dose course and a booster shot, totaling about $4 per child.

While the National Agency for Food and Drug Administration and Control granted conditional approval for the vaccine in April 2023 due to its 71 percent efficacy rate, the federal government lacks immediate financing plans for procurement. Muhammad Ali Pate, Nigeria’s coordinating minister for Health and Social Welfare, emphasized the need for a well-planned strategy to generate funding for the vaccine rollout.

AlsoRead

Tinubu Issues Executive Order to Redirect All Oil Revenues to Federation Account, Ending NNPCL Deductions

US Dollar Slides to One-Week Low Amid Escalating Geopolitical Risks and Trade Uncertainty

CBN Cuts Benchmark Rate by 50bps to 26.5% in Measured Easing Move

Currently, 68 percent of Nigeria’s vaccine financing is covered by global development partners, leaving the government to navigate how to fund its share. Pate highlighted the necessity of careful consideration regarding financing, infrastructure, and training before introducing the vaccine.

Recognizing Nigeria’s fiscal constraints, Pate revealed plans for a major meeting of global partners on May 3 to review the country’s malaria elimination strategy. The aim is to explore how Nigeria can optimize various tools, including vaccines, to combat its high malaria incidence.

If Nigeria can afford the vaccine, Pate stressed the importance of integrating it with existing malaria interventions such as chemoprophylaxis, bed nets, and malaria case management through primary healthcare systems.

Malaria remains a significant health challenge in Nigeria, with approximately 23 percent of deaths under the age of five attributed to the disease, according to the 2018 Nigeria Demographic and Health Survey (NDHS). Globally, malaria accounts for nearly half a million deaths in children under five each year, with Nigeria carrying the largest burden.

Adar Poonawalla, CEO of the Serum Institute of India, pledged to offer the R21 vaccine to the African market at $4 or less in its first year of rollout. Production is expected to scale up significantly, with a target of reaching 100 million doses per year.

The R21 vaccines are set to be distributed primarily through the United Nations Children’s Fund (UNICEF) and Gavi, a global vaccine alliance. Chad, the Central African Republic, the Democratic Republic of Congo, Mozambique, and South Sudan are among the first countries slated to receive doses of the vaccine.

 

Tags: #funding#NigeriahealthHealthcaremalaria vaccineR21vaccination
Previous Post

SEC Unveils Measures to Reduce N190 Billion Unclaimed Dividends

Next Post

PenCom Denies Allegations of Lending N10 Trillion to Federal Government

Related News

Top Story: Tinubu Present N27.5 Trillion As 2024 Budget

Tinubu Issues Executive Order to Redirect All Oil Revenues to Federation Account, Ending NNPCL Deductions

by Akpan Edidong
February 27, 2026
0

President Bola Tinubu has signed an executive order that fundamentally reshapes the management of Nigeria's oil and gas revenues, directing...

Battered Commodity Currencies Gain Attention Amid Dollar’s Decline.

US Dollar Slides to One-Week Low Amid Escalating Geopolitical Risks and Trade Uncertainty

by Stephen Akudike
February 27, 2026
0

The US dollar weakened to its lowest level in a week on February 26, 2026, as investors scaled back positions...

Nigerian Equity Market Sees Impressive N1.08tn Wealth Gain Amidst Bullish Trading.

CBN Cuts Benchmark Rate by 50bps to 26.5% in Measured Easing Move

by Stephen Akudike
February 26, 2026
0

The Central Bank of Nigeria (CBN) reduced its Monetary Policy Rate (MPR) by 50 basis points to 26.5% on February...

Nigeria’s Stock Market Records N1.81 Trillion Gain in July.

NGX Closes Lower as Profit-Taking in Banking and Insurance Weighs on Market

by Stephen Akudike
February 26, 2026
0

The Nigerian Exchange Limited (NGX) extended its bearish session on Wednesday, February 25, 2026, with the benchmark All-Share Index dipping...

Next Post
PenCom Denies Allegations of Lending N10 Trillion to Federal Government

PenCom Denies Allegations of Lending N10 Trillion to Federal Government

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended

Top Story: Tinubu Present N27.5 Trillion As 2024 Budget

Tinubu Issues Executive Order to Redirect All Oil Revenues to Federation Account, Ending NNPCL Deductions

February 27, 2026
Battered Commodity Currencies Gain Attention Amid Dollar’s Decline.

US Dollar Slides to One-Week Low Amid Escalating Geopolitical Risks and Trade Uncertainty

February 27, 2026

Popular Story

  • Nigerian Stock Market Witnesses N35 Billion Dip in Market Cap as Key Stocks Decline

    NGX Bearish Streak Deepens as Profit-Taking Erases N514 Billion from Market Value

    0 shares
    Share 0 Tweet 0
  • US Dollar Slides to One-Week Low Amid Escalating Geopolitical Risks and Trade Uncertainty

    0 shares
    Share 0 Tweet 0
  • Tinubu Issues Executive Order to Redirect All Oil Revenues to Federation Account, Ending NNPCL Deductions

    0 shares
    Share 0 Tweet 0
  • MTN Nigeria Delivers N5.2 Trillion Service Revenue in 2025.

    0 shares
    Share 0 Tweet 0
  • MPC Set to Deliberate Cautious Rate Easing as Disinflation Gains Traction

    0 shares
    Share 0 Tweet 0

RateCaptain

We bring you the most accurate in new and market data. Check our landing page for details.

  • Home
  • About Us
  • Privacy Policy
  • Terms & Conditions
  • Disclaimer
  • Cookie Policy
  • Contact Us

Copyright © 2022 RateCaptain - All rights reserved by RateCaptain.

No Result
View All Result
  • Home
    • About Us
    • Contact Us
  • FX Rates
  • Money Market
  • Cryptocurrency
  • Commodities
  • Corporates

Copyright © 2022 RateCaptain - All rights reserved by RateCaptain.

RateCaptain
Manage Cookie Consent
To provide the best experiences, we use technologies like cookies to store and/or access device information. Consenting to these technologies will allow us to process data such as browsing behavior or unique IDs on this site. Not consenting or withdrawing consent, may adversely affect certain features and functions.
Functional Always active
The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network.
Preferences
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
Statistics
The technical storage or access that is used exclusively for statistical purposes. The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
Marketing
The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.
  • Manage options
  • Manage services
  • Manage {vendor_count} vendors
  • Read more about these purposes
View preferences
  • {title}
  • {title}
  • {title}
?>