Nigeria is to access a $150 million credit facility form the World Bank to support its polio eradication programme.
Finance Minister, Kemi Adeosun made the disclosure while addressing Journalists soon after Wednesday’s cabinet meeting presided over by Nigeria’s Acting President, Professor Yemi Osinbajo.
She said: “The Cabinet approved the utilisation of a World Bank facility of N150 million for Polio eradication. It’s what is called Phase III of the Polio eradication project. Nigeria is on the route to becoming polio free and we have been receiving significant support from the donor community toward this.
“The project will be coordinated by the National Primary Health Care Development Agency (NPHCDA) at the Federal level and implemented in the 12 lagging States of Adamawa, Bayelsa, Gombe, Jigawa, Katsina, Kogi, Nasarawa, Niger, Plateau, Taraba and Zamfara. So this $150 million from the World Bank which has an interest rate of 1.25 percent a moratorium of 5 years and a repayment period of 30 years was approved to enable us to buy polio vaccines, improve the cold storage of vaccines in Kano and Lagos as well as roll out polio vaccination coverage,” she stated.