-Bank to deliver 40m doses of J&J vaccines to Nigeria by 2022
The African Export-Import Bank (AFREXIM) has been lauded by Prof Yemi Osinbajo for invigorating trade relations between African countries including Nigeria.
The Vice President’s commendation was made during his meeting with a delegation from the bank led by its President, Prof. Benedict Oramah at the Presidential Villa.
During the meeting, Prof Osinbajo was brought up to speed on the bank’s activities as well as its ongoing projects in the country.
Prof. Osinbajo expressed his satisfaction with the efforts of the bank in various critical sectors of Nigeria’s economy, such as health, trade and tourism.
According to Oramah, AFREXIM is investing in trade and health infrastructure, and is also involved in the procurement and distribution of COVID-19 vaccines to African countries including Nigeria, to enable the continent achieve herd immunity.
The bank is also planning to establish National Quality Assurance Centres in parts of the country in order to support and upgrade export of commodities from Nigeria.
Referencing the planned establishment of quality assurance centres across the country, Prof. Osinbajo said it is important because “one of the problems we have had with our exports is really this problem of quality assurance and making sure that we have the facilities to test our export products and get all of our agencies working together. I am sure that you have SON, NAFDAC, and all of our agencies working with you on this project.”
While thanking the bank for its support, Prof. Osinbajo noted that the Federal Government’s programmes in the Micro, Small and Medium Enterprises (MSMEs) sector, particularly in the Shared Facility Initiative under the National MSMEs Clinic, are important and deserving of AFREXIM’s backing.
He said the initiative which is implemented in collaboration with state governments and aimed at developing manufacturing clusters across the country, could be enhanced through partnership with the bank.
Earlier in his presentation on some of the bank’s projects across Nigeria, Prof. Oramah said AFREXIM has plans of investing in important sectors of the Nigerian economy including health, citing plans to build a world class tertiary hospital and health park in Abuja. He said the 500-bed state-of-the-art hospital will be developed in collaboration with Kings College Hospital in the UK, and other partners.
The CEO also disclosed an arrangement under the AFREXIM Bank facility to deliver 40 million doses of the Johnson & Johnson COVID-19 vaccines to Nigeria over a short period of time.
He added that the bank was committed to ensuring that the continent achieved herd immunity by vaccinating about 60% of Africa’s population against the disease.
Minister of Health, Dr. Osagie Ehanire, announced in June this year that Nigeria was expecting 29 million Johnson and Johnson COVID-19 vaccines between June and July, and last week, Dr Faisal Shuaib, the Executive Director of the National Primary Health Care Development Agency (NPHCDA) announced the arrival of the first batch of the Johnson & Johnson vaccine in the country.
