The Federal Executive Council of Nigeria has approved the process to set up a vaccine production plant in Ota, Ogun State with help of Serum Institute of India which will join hands with Bio Vaccine Nigeria, to build their manufacturing plant in Nigeria.
The Minister of Health, Dr Osagie Ehanire said yesterday, "The council considered a memorandum from the Ministry of Health today, which has to do with the first stage in indigenizing vaccine production in Nigeria, the standard programme on immunization, not COVID-19 vaccine."
The government has a joint venture agreement and formed the company called Bio Vaccine Nigeria Limited, which is to start producing vaccines domestically. Now, they are sourcing for international partners, who will join them and give them the technology transfer that they require.
Federal Executive Council for Bio Vaccine Nigeria to have 15 percent of the market share, which will be used for contract manufacturing of those vaccines as an initial step over the next few years
