Economy

FG to Borrow $40m for Health Services

  • FG to Borrow $40m for Health Services

The Federal Government is finalising arrangement to access $40million from the Global Financing Facility for every woman and child (GFF). Half of the sum is to address reproductive, maternal, newborn, child and adolescent health (RMNCAH) issues in the North East.

Senior Health Specialist at the World Bank, Dr Olowole Odutolu who disclosed this in Abuja, explained that the $20 million was already programmed as a grant within the additional financing for the Nigeria State Health Investment Project (IDA of $125million) for the North East.

He noted that government had defined a platform to actively engage all partners, including the civil society and private sector. According to him, the GFF provides a roadmap for countries to develop and monitor the implementation of an RMNCAH platform for ending preventable deaths and improving the health of women, children and adolescents.

Also speaking, Vice President Yemi Osinbajo who expressed government’s commitment to encouraging more private sector participation in the health sector, observed that over 60 per cent of the healthcare needs of the country were provided by the sector.

Meabnwhile, the nation, will today, begin a two-week mass vaccination campaign to protect more than four million children against measles outbreak in the conflict-ridden region.

The programme, championed by the Federal Ministry of Health (FMoH) through the National Primary Health Care Development Agency (NPHCDA) with support from the World Health Organisation (WHO), United States Centre for Disease Control (CDC) and the United Nation Children Fund (UNICEF), targets all children aged six months to 10 years in accessible areas in Borno, Yobe and Adamawa states.

Also yesterday, the Chairman of Dangote Foundation, Aliko Dangote, called on the Kano government to audit funds released to state for polio immunisation last year to ensure accountability.

He gave the charge during a video conference involving co-chair of Bill and Melinda Gates Foundation, Bill Gates, Governor Abdullahi Umar Ganduje and his Kaduna counterpart, Nasir El-Rufai, officials of the National Primary Health Care Development Agency and development partners in Kano.

In a related development, United Nations Under-Secretary and Executive Director of United Nations Population Funds (UNFPA), Dr. Babatunde Osotimehin, stressed that it was vital to protect sexual reproductive health rights of women and girls in crisis situations like Boko Haram insurgency that claimed several and property in the region.

Osotimehin spoke in Maiduguri during a courtesy visit to Governor Kashim Shettima at the Government House to assess the state of Internally displaced persons (IDPs) in the state.

Samed Olukoya

Is the CEO and Founder of Investors King Limited. He is a seasoned foreign exchange research analyst and a published author on Yahoo Finance, Business Insider, Nasdaq, Entrepreneur.com, Investorplace, and other prominent platforms. With over two decades of experience in global financial markets, Olukoya is well-recognized in the industry.

Share
Published by
Samed Olukoya

Recent Posts

Centralise Regulation for our Industry, E-hailing Drivers Urges FG

In a bid to bolster the interest of drivers in the country, E-hailing drivers, under…

3 days ago

Felicia Obozuwa Takes on Key Role as FCMB Executive Director, Corporate Services

First City Monument Bank (FCMB) has announced the appointment of Felicia Obozuwa as its Executive…

3 days ago

Equities Market Sheds N931 Billion as 40 Stocks Decline in Another Bearish Session

The Nigerian equities market extended its losing streak for the fourth consecutive session Wednesday with…

3 days ago

70 Million Poorest of The Poor Nigerians To Get N75,000 From FG

Notwithstanding that the Federal Government's efforts to distribute cash to poor Nigerians have failed in…

3 days ago

Dollar to Naira Exchange Rate Today, January 16th, 2025: Black Market vs CBN Rates

The Dollar to Naira exchange rate remains a critical indicator of Nigeria’s economic landscape, reflecting…

3 days ago

Over N60.5bn Alleged Fraud: More Trouble For Impeached Lagos Speaker Over Imminent Arrest By EFCC

Stakeholders and political gladiators in Lagos State have called on the Economic and Financial Crimes…

3 days ago