The Federal Government said it was proposing to expend N396 billion on COVID-19 vaccination in 2021 and 2022.
Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed disclosed this on Wednesday after the weekly Federal Executive Council meeting
The meeting was presided over by Vice President Yemi Osinbajo.
Ahmed said that the figure might significantly reduce as “the Federal Government receives more donations of the vaccines from the private sector.”
She disclosed that the Ministry of Health was working on details of the gap that the Federal Government would be required to fill in the vaccination exercise.
She also explained that the size of the proposed supplementary budget agreed by the executive and legislative arm had yet to be resolved.
She said this was because the Ministry of Defence and Health, had yet to provide details of the military hardware requirements.
Ahmed had earlier in February said a supplementary budget would be needed to cover the cost of COVID-19 vaccinations for which no provision was made in the 2021 finance bill adopted in December.
The Federal Government has said it plans to inoculate 40% of Nigeria’s population this year and another 30% in 2022.
According to the minister: “There will be a supplementary budget, the first one will be in March relating to the Covid-19 pandemic.”
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