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Nigeria, World Bank To Raise $30M For Vaccine Plant — Osinbajo

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The Vice President of Nigeria, Yemi Osinbajo said the federal government and the World Bank are working together to raise $30 million to fund a vaccine factory in the country.

VP Osinbajo discussed this on Monday in Abuja at the International Conference on “Access to Health and Socio-Economic Development Beyond Covid-19: The First Multisectoral Approach to Finding Solutions.”

The conference was organized by the National Institute for Pharmaceutical Research and Development, NIPRD. He said the global health trend has made it essential for Nigeria to establish its own vaccine production facilities.

“Nigeria is in talks with the private lending arm of the World Bank and other lenders to raise around $30 million to help finance a vaccine factory.

“Bio-vaccine Nigeria Limited is chaired by Professor Oyewale Tomori; 49 percent of the company is owned by the Nigerian government with the remainder held by May and Baker Nigeria PLC and they are planning to start construction of a factory.

“ I believe in the first quarter of next year; the plant which is supposed to be located in Ota, Ogun State, will initially, we are told, fill and finish, which I’m also told, means importing the raw materials for the vaccines and then packaging them for distribution.

“Some South African companies are already involved in this task; I believe Aspen Pharmacare and Belvac Institute operate similar facilities.

“Full manufacturing, we are told, should follow in the months or years to come; I’m not quite sure when.

“So it’s obvious that the way forward is more funding for healthcare and research for innovators to develop solutions in pharmaceuticals and medical consumables.”

The Vice President said that through the discussion he had with NIPRD Director-General Dr. Obi Adigwe, he was inspired by the potential and the kind of support that the pharmaceutical industry and research agencies provided.

Osinbajo said the federal government established the Health Sector Intervention Fund which disbursed 76.9 billion naira, or about $185 million, to finance the acquisition and installation of critical medical care equipment.

He said the fund was also intended for the expansion of production lines at various pharmaceutical companies across the country.

According to him, the Central Bank of Nigeria (CBN) is also supporting a number of research and development initiatives in the health sector, as it has disbursed a total of 233 billion naira in grants.

Mr. Osinbajo said the NIPRD is also making immense contributions to developing a local cure for COVID-19.

“NIPRD has also developed an impressive variety of pharmaceutical products from indigenous resources and both the Niprimune and Niprimune plus both of which I have the pleasure of seeing, have been found to possess a reasonable property that is able to prevent or combat COVID-19.

“Both products, which have been registered by NAFDAC, are currently undergoing clinical studies at various levels with a view to production approval for emergency use.

“NIPRD Director-General Dr. Obi Adigwe assured that around the same time next year, the institute will launch three new products currently under development at its centers for nanomedicine, artificial intelligence and machine learning.

“It is this proactive approach that we must adopt in the face of the slow access to vaccines in Africa and of course in Nigeria.

“Although we have received help from some friendly countries and the Covax alliance, less than 4 percent of our eligible population would have been vaccinated by the end of this year.

“There is no doubt that we cannot afford not to have our own vaccine production facilities.”

He said the COVID-19 pandemic was a revelation for him in five different ways: the unpreparedness of most developed economies; vaccine reluctance and the danger of conspiracy theory and misinformation, especially in a public health crisis.

VP Osinbajo said the fourth revelation was that, in terms of the COVID-19-wide global health crisis, help should not be expected.

“The fifth revelation is that despite infrastructure weaknesses, in Nigeria we have an experienced and robust public health system, populated by some of the best staff in the world.

“But more importantly, we have the opportunity to become one of the leading countries in healthcare,” he said.

Earlier, in his welcoming address, Adigwe said the conference was the first of its kind to bring together multidisciplinary academics to engage, innovate and synthesize new approaches to solving global health challenges.

Keynote speaker Prof Joseph Fortunak, who spoke virtually, said COVID-19 exposed the vulnerability of the pharmaceutical supply chain and urged Nigeria to take drug manufacturing seriously.

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Education

JAMB Releases 36,540 Withheld UTME Results, Dismisses Cyber Breach Claims

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The Joint Admission and Matriculation Board (JAMB) has quelled concerns over the integrity of the Unified Tertiary Matriculation Examination (UTME) results by releasing an additional 36,540 previously withheld scores.

This move follows earlier revelations of withheld results and assertions of a cyber security breach.

Fabian Benjamin, the spokesperson for JAMB, confirmed the release of these results in a statement issued late Tuesday in Abuja.

This latest batch of released scores, when combined with the 531 previously unveiled, brings the total number of results made public to 1,879,437.

Benjamin took the opportunity to address circulating rumors regarding the security of the UTME results.

He categorically dismissed claims of a cyber security breach, saying that the examination outcomes remain intact and securely stored.

He stressed that the results are not stored in any cloud system and thus cannot be compromised by external entities.

At the time of the UTME release, JAMB had disclosed that certain results were withheld pending further investigation.

Subsequently, 531 of these results were recently unveiled with the remainder still under scrutiny.

Benjamin explained that any candidates implicated in examination malpractice are undergoing thorough investigation.

The examination board intends to meticulously review footage from CCTV cameras installed across all accredited centers to ascertain each candidate’s involvement.

Benjamin urged the public to remain vigilant against misinformation originating from sources not affiliated with JAMB.

He attributed the discrepancies in minimum admissible scores to variations among tertiary institutions. Some institutions, he noted, proposed lower minimum scores than others, resulting in varying benchmarks.

Benjamin clarified that these benchmarks are determined collectively by all Heads of Institutions during the annual Policy Meeting on Admissions, ensuring uniformity across the country.

Also, Benjamin cautioned religious organizations against overstepping their designated roles.

He warned against the dissemination of false information to governmental bodies for personal gain.

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British Airways Owner IAG Prepares for Summer Surge Amid High Travel Demand

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As the world gradually emerges from the grip of the pandemic, the travel industry is witnessing a resurgence in demand with British Airways owner IAG SA gearing up for a busy summer season.

Despite lingering challenges, the airline conglomerate remains optimistic about the outlook, citing strong demand for travel within Europe and across the Atlantic.

In a recent stock exchange filing, IAG disclosed an adjusted operating profit of €68 million ($73.3 million) for the three months ending March.

According to Chief Executive Officer Luis Gallego, the group’s core markets, including the North Atlantic, South Atlantic, and intra-Europe routes, have shown robust performance, positioning them well for the upcoming peak travel period.

With vaccination rates increasing and travel restrictions easing in many parts of the world, consumers are eager to resume travel plans, fueling the surge in demand.

However, the road ahead is not without its challenges. While travel within Europe and across the Atlantic remains strong, other regions present a more complex operating environment.

The ongoing conflict in the Middle East has dampened demand for certain destinations, while airspace restrictions resulting from geopolitical tensions, such as the Russian invasion of Ukraine, have disrupted flight routes to East Asia.

Despite these hurdles, IAG remains resilient, banking on the strength of its core markets and the performance of its brands to weather the storm.

The company’s strategic positioning and proactive measures to adapt to changing circumstances have positioned it to capitalize on the rebound in travel demand.

As the summer season approaches, IAG is focused on ensuring operational readiness to meet the surge in passenger numbers.

With travelers eager to reconnect with loved ones, explore new destinations, and embark on long-awaited vacations, the airline group stands ready to facilitate safe and seamless travel experiences.

As vaccination campaigns progress and travel sentiment rebounds, IAG’s proactive approach and strategic investments position it as a key player in the aviation industry’s recovery journey. With optimism on the horizon, the company remains committed to delivering exceptional service and fostering a seamless travel experience for passengers worldwide.

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Israeli Troops Take Control of Rafah Border Crossing Amidst Ceasefire Talks

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Israeli troops took control of the Rafah border-crossing area in Gaza on Tuesday morning, with Hamas saying all aid flows from Egypt had stopped.

The army has halted “the movement of people and aid completely,” the Hamas-run crossing authority said in a statement. Soldiers replaced Palestinian flags with Israeli ones.

It’s the first time Israel’s army has moved into the area since the war with Hamas began in October.

Israeli Military Tells About 100,000 People to Leave Eastern Rafah

Palestinians sheltering in Rafah were told Monday to move to an “expanded humanitarian area”.

The border is the main entry point for aid into Gaza, and the Palestinian territory’s only crossing aside from those with Israel. The US has been urging Israel for weeks to allow more food and other supplies into Gaza, parts of which the United Nations says are on the verge of famine.

The movement of troops came a day after Israel told residents in parts of eastern Rafah to leave immediately ahead of a possible attack on the city.

Most Arab and many European states have said Israel should not attack Rafah, fearing it would cause mass casualties. Prime Minister Benjamin Netanyahu says Rafah is the last bastion of Hamas, with about 5,000 to 8,000 of its fighters and senior leaders lodged in the city, as well as many Israeli hostages.

Cease-fire talks between the two sides continue to drag. Hamas said on Monday night it had accepted a proposal from mediators Egypt and Qatar. Israel rejected it, saying it contained demands the Jewish state cannot accept.

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