20 Applicants submit proposals requesting N67bn grants for Development of vaccines — CBN

The Central Bank of Nigeria (CBN), says it has obtained greater than 20 applications requesting for N67 billion grants below its Healthcare Sector Research and Development Intervention Scheme (HSRDIS).

The CBN Governor, Mr Godwin Emefiele disclosed this in the course of the inauguration of the Body of Experts (BoE) for Scheme in Abuja on Monday.

Emefiele defined that the programme was designed to extend the nation’s Research and Development actions that might assist help the event of Nigeria made vaccines, medication and natural medicines.

He mentioned by way of the availability of grants to biotechnological and pharmaceutical companies, establishments, researchers, and analysis institutes, the nation’s home capability to curb the unfold of COVID-19 and different communicable or non-communicable illnesses could be improved.

According to him, it’s anticipated that these grants might be channeled by these establishments to fund analysis and improvement of medication, natural medicines and vaccines for the management, prevention and remedy of infectious illnesses.

“Providing grants for Research and Development in new or revalidation of drug molecules, phytomedicines and vaccines will help in the control, prevention and treatment of infectious diseases in Nigeria”.

“It will boost domestic manufacturing of validated drugs (Active Pharmaceutical Ingredients or APIs), herbal medicines and vaccines for the control, prevention and treatment of infectious diseases in Nigeria”.

“And this will reduce the nation’s dependence on other countries for these drugs and vaccines”.

“It will also improve the capacity of the biotechnological and pharmaceutical companies, institutions, researchers, and research institutes in the development of approved Nigerian drugs, herbal medicines and vaccines for infectious diseases”.

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“This will help to support the capacity of relevant health agencies toward attaining WHO Maturity Level three, a prerequisite for manufacturing of vaccines in Nigeria,” Emefiele mentioned.

In his remarks, the Secretary to the Government of the Federation (SGF), Mr Boss Mustapha whereas inaugurating the body of consultants recommended CBN for the intervention.

Mustapha mentioned COVID-19 had uncovered the weak spot of Nigeria’s well being and governance methods in addition to safety infrastructure.

He mentioned the intervention by CBN had set the nation on the trail of restoration.

“I often mention it that we do not have an opportunity of reconsidering the reconstruction of our health infrastructure in this country”.

“This is a golden opportunity that has availed itself. And it will be the greatest disappointment of our time and generation, if we do not seize the opportunity to redress all deficiencies we have in our health system and other infrastructure in this country,” he mentioned.

The SGF expressed confidence on members of the body of consultants charged with the accountability.

He urged them to make sure that the method was pushed by science, data and info that might be accessible to them.

He mentioned this was obligatory because the nation was coping with superior unfavourable impact of COVID-19, Nigeria would additionally set a brand new tempo of its well being care supply system.

The chairperson of the body of consultants, additionally the director-general of NAFDAC, Prof Mojisola Adeyeye lauded CBN for its interventions within the well being sector.

Adeyeye mentioned the cost of the Body of Experts (BOE) was to evaluate and consider submitted analysis proposals, in addition to suggest the tasks with excessive potential for financing.


This is to make sure they contribute to improvement of the important orthodox and natural medicines and vaccines for infectious illnesses.

She added that the cost was to reach at a rational scientific resolution that justifies the purpose.

“Scientific research and development targets at the truth that is driven by a hypothesis which is laden with questions that will need to be answered”.

“The objectives are to build a body of knowledge that can be tested repeatedly with accuracy and to provide a description and explanation of natural events”.

” It can be to foretell situations past the boundaries of present prospects in well being, social or financial areas,” she defined.



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