The Central Bank of Nigeria says it is working on a framework that will offer grants and other long-term facilities to Nigerian researchers to enable them to come up with a local cure to the ravaging coronavirus.
Speaking at the inauguration of an isolation centre, Thisday Dome COVID-19 Testing, Tracing and Treatment Centre, the CBN Governor, Godwin Emefiele, said beneficiaries of the grant would include researchers, scientists, biotechnology firms and science institutions.
“The CBN is developing a framework under which grants and long term facilities will be provided to researchers, science institutions and biotechnology firms to develop the 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.
“Our inability to accurately predict the extent to which the coronavirus could spread, and how long it would last, requires that we build sufficient capacities within our health system in order to contain the spread of the virus, state by state, city by city and
preserve the lives of vulnerable Nigerians,” said Emefiele.
The grant and facilities, according to the CBN boss, are open to Nigerians both at home and in the diaspora.