COVID-19: N400bn too much, I can help procure vaccines for N150bn, Peter Obi tells FG

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Former Governor Peter Obi of Anambra State has offered to help Nigeria procure vaccines at a cheaper price of N150billion as against the N400billion Nigeria’s health minister had said the FG would need to procure COVID-19 vaccines to administer of 70% of the population.

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The Cable reports that Obi stated this when he appeared as a guest on ARISE Television today, February 2.
The former vice presidential candidate of PDP in the 2019 election said with the N400 billion the minister mentioned, Nigeria will get about 350 million doses which is far in excess of what the country needs.
He said: “For the vaccine procurement also, we need to have transparency in the procurement. Today, vaccine in India costs between $2.25 cents to $3. That is an average of $2.75 and if you say you are going to use N400 billion, that is about $1bn. If you divide $1bn by $2.75 each, that is about 350 million doses which is far in excess of what we need.”

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The former governor volunteered that he will help with the negotiation and help the country procure the vaccine from India at price far below what the health minister mentioned.
He added that Nigeria would not have needed to spend so much in procuring vaccines if its National Vaccine Production Facility was operational.

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His words: “The issue of vaccine is one that I feel a sense of pain. Nigeria as a country in 1940 established what we called National Vaccine Production Facility domiciled in Yaba, and that was able to produce virtually all the vaccines we used in the days of smallpox, yellow fever, and that facility was shut down in 1991 to be refurbished and upgraded, there was nothing wrong with it.”

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