FG Seeks $150bn to Fund Vaccine Procurement — Edun

  The Minister of Finance and Coordinating Minister for the Economy, Wale Edun, on Wednesday announced that Nigeria is seeking to raise nearly $150bn to fund vaccine procurement for 2025 and 2026. Edun revealed this at the 2025 Joint Annual Review of the Health Sector, themed “All Hands, One Mission: Bringing the Nigerian Health Sector to Light.” The Joint Annual Review is one of Nigeria’s most important accountability platforms for the health sector, convening stakeholders to review progress, assess performance, and align priorities for the year ahead. Edun said, “The health sector budget in 2025 rose by nearly 60 per cent, and the Basic Health Care Provision Fund has more than doubled from $31.5bn in 2024 to $298bn, nearly $299bn in 2026. “Similarly, with immunisation, we are actively seeking to raise additional funds, maybe around almost $150bn to cover vaccine procurement that is needed for 2025 and 2026. We also know that the budget for health is well over five per cent — 5.2 per cent of the national budget, up from just over three per cent a couple of years ago. So, health is being prioritised. “Our commitment is to close the gap between appropriation and the release of funds.” He added that it is crucial to maximise domestic resource mobilisation, as today’s world depends heavily on multilateral and global collective efforts. The minister, however, noted that reforms and funding would not be fully effective without the participation of state and local governments, urging them to increase spending on health and education to complement federal initiatives. On his part, the Coordinating Minister of Health and Social Welfare, Prof. Muhammad Pate, said the Federal Government is intensifying efforts to reduce reliance on foreign aid, promote local solutions, and strengthen domestic production of medicines, vaccines, and health technologies. He added that the government aims to ensure state and local governments increase investments in health, education, water, sanitation, and nutrition. “This is consistent with the President’s ward-based development approach, which is perhaps the most practical strategy for lifting communities across Nigeria,” he said. The minister also highlighted innovative financing options under consideration. “We are exploring fiscal measures on sugar-sweetened beverages, public-private partnerships, and digital solutions that enhance transparency and accountability in the use of health funds. “By combining domestic resources, local engagement, and measurable outcomes, Nigeria is steadily building a health system that is resilient, inclusive, and responsive to the people it serves,” Pate said. He said the new initiatives build on tangible progress already achieved in the health sector. The minister noted that primary healthcare utilisation has surged from 10 million visits in the first quarter of 2024 to 45 million in the second quarter of 2025, reflecting renewed public confidence. “Nearly half of women of reproductive age now use modern contraception, while vaccination coverage for measles, rubella, and the newly introduced HPV vaccine has met or exceeded national targets,” Pate said. He emphasised that these achievements are the result of a deliberate move away from donor-led programming. “All 36 states and the FCT now have operational plans aligned with the National Health Sector Strategic Blueprint. “Seventy-two per cent of states have functional mechanisms for non-communicable diseases, and all 774 local government areas now host National Health Fellows and Public Financial Management Officers, surpassing our targets,” he added.

Edun: Ailing Finance Minister Flown Abroad for Treatment

Edun: Ailing Finance Minister Flown Abroad for Treatment

  The Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, has travelled to the United Kingdom to seek medical attention, multiple sources close to the development confirmed on Tuesday morning. The report, first published by Western Post, was confirmed by a source who had earlier told The PUNCH that the minister might seek medical attention abroad if the need arises. The source confirmed on Tuesday that the decision had now been made, saying, “It’s true, he has left already.” Edun left Abuja for Lagos on Monday night via a commercial flight. He later departed for London aboard a British Airways flight on the same night. Until his departure, Presidency officials who spoke to our correspondent on Sunday had maintained that Edun was recuperating at his Abuja residence under the care of Nigerian doctors. The sources said the minister had taken ill in recent days but dismissed earlier rumours that he had suffered a stroke or was incapacitated. Imisi Crowned Winner of BBNaija 10/10! Faith Disqualified — Emotional End to a 10/10 Season0:00 / 0:00 He later departed for London aboard a British Airways flight on the same night. Until his departure, Presidency officials who spoke to our correspondent on Sunday had maintained that Edun was recuperating at his Abuja residence under the care of Nigerian doctors. The sources said the minister had taken ill in recent days but dismissed earlier rumours that he had suffered a stroke or was incapacitated. One senior government official, who spoke on condition of anonymity for lack of authorisation to speak to the press on the matter, told The PUNCH that Edun’s condition was being monitored closely. “Yes, he’s indisposed. He’s sick, which is a bit serious, but it’s not a stroke. As I’m talking to you, he’s in his house. He’s not been flown anywhere,” the source had said on Sunday evening. The official, however, added that doctors might recommend foreign medical care if necessary, a decision that has now been made. Another aide familiar with the matter confirmed that Edun’s medical situation had prompted closer attention from the President but stressed that “there are no plans to replace him.” The Special Adviser to the President on Information and Strategy, Bayo Onanuga, also confirmed that the minister had fallen ill but was initially receiving treatment in Nigeria. “Yes, he’s indisposed. Wale Edun is about 69 years old. He suddenly fell ill. As we are talking, he is in Nigeria. He is recuperating. He’s around,” Onanuga said on Sunday. The Presidency had earlier debunked speculation that President Bola Tinubu was considering a replacement for the finance minister. However, it confirmed that the minister would miss this year’s World Bank and International Monetary Fund Annual Meetings in Washington, D.C. According to a statement by Onanuga, the Central Bank Governor, Olayemi Cardoso, would instead lead Nigeria’s delegation to the global finance meetings, which begin today, Tuesday, October 14. Appointed on August 28, 2023, Edun has been a key figure in the Tinubu administration’s economic reform drive, overseeing the removal of petrol subsidies, unification of foreign exchange rates, and fiscal measures aimed at stabilising the naira and curbing inflation. He served as Lagos State Commissioner for Finance under Tinubu’s administration between 1999 and 2004 and later co-founded investment banking firm Denham Management Limited. At the time of this report, the Ministry of Finance had yet to issue an official statement on the minister’s whereabouts.