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Monday, May 17, 2021

N396bn earmarked for COVID-19 vaccination – Finance Minister

The sum of N396 billion is to be spent by the Federal Government for the COVID19 vaccination across the country between 2021 and 2022.

The Minister of Budget and National Planning, Zainab Ahmed disclosed this after the weekly Federal Executive Council meeting, which was presided over by Vice President Yemi Osinbajo on Wednesday, March 31.

Ahmed explained that the figure might significantly reduce as the Federal Government received more donations of the vaccines from the private sector. She added that the Ministry of Health was working on details of the gap that the Federal Government would be required to fill in the vaccination exercise.

She also explained that the size of the proposed supplementary budget agreed by the executive and legislative arm was yet to be resolved, because the Ministry of Defence was yet to provide details of the military hardware requirement.

Ahmed had earlier in February said a supplementary budget would be needed to cover the cost of COVID-19 vaccinations, for which no provision was made in the 2021 Appropriation bill passed in December.

The Federal Government has said it plans to vaccinate 40% of Nigeria’s population this year and another 30% in 2022.

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