Revealed! See The Humongous Amount Of Money Nigeria May Spend On COVID-19 Vaccines

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The figure is based on estimates of the World Health Organisation as regards the total amount of funds that Africa would need to pursue a vaccination drive.

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It has been revealed that Nigeria may soon spend a really huge amount of money on COVID-19 vaccines.

According to Sunday PUNCH, Nigeria may spend about $1.4bn (N540.4bn, at the official exchange rate of $1: N386) to procure and distribute 218,400,000 doses of COVID-19 vaccines.

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The figure is based on estimates of the World Health Organisation as regards the total amount of funds that Africa would need to pursue a vaccination drive.

According to the WHO, Africa will need at least $9bn (N3.4tn) to procure and distribute 1.4 billion doses of COVID-19 vaccines.

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This development comes as Lagos State Governor, Babajide Sanwo-Olu; his Edo State counterpart, Godwin Obaseki; as well as the wife of Osun State Governor, Mrs Kafayat Oyetola, among others, have expressed worry over the second wave of the COVID-19 pandemic, amid rising cases and deaths in the past few weeks.