{"id":3479,"date":"2022-01-24T01:08:20","date_gmt":"2022-01-24T01:08:20","guid":{"rendered":"https:\/\/travelcommunication.net\/?p=29406"},"modified":"2022-01-24T01:08:20","modified_gmt":"2022-01-24T01:08:20","slug":"nigeria-vice-president-osinbajo-demands-right-for-africa-to-manufacture-its-own-vaccines","status":"publish","type":"post","link":"https:\/\/www.travelindex.org\/media\/global-travel-news\/nigeria-vice-president-osinbajo-demands-right-for-africa-to-manufacture-its-own-vaccines\/","title":{"rendered":"Nigeria Vice-President Osinbajo Demands Right for Africa to Manufacture its Own Vaccines"},"content":{"rendered":"\n
\"Nigeria<\/a> <\/div>\n

Abuja, Nigeria, January 24, 2022 \/ TRAVELINDEX \/ Access to COVID-19 vaccines continues to pose a serious problem for Africa, with fewer than 10% of populations fully vaccinated in most countries, said Yemi Osinbajo, Vice-President of Nigeria, in his address to the Davos Agenda 2022. He called for patent waivers to permit African countries to manufacture vaccines locally.<\/p>\n

Osinbajo complimented COVAX and other global vaccine alliances for their contribution but noted that the price tag for vaccinating the entire world is just $50 billion, according to the Organisation for Economic Co-operation and Development. \u201cThis is affordable, he said, but we should not allow this opportunity \u201cto slip through the cracks\u201d.<\/p>\n

\u201cNow is a good time to test global will,\u201d he said, in building international cooperation to prepare for new, possibly worse pandemics to come.<\/p>\n

He called for natural gas \u2013 which Africa has in abundance \u2013 to be accepted as a transitional fuel. Africa is the continent that contributes least to climate change yet has been most negatively affected by it, he said. This situation cannot be compounded by rules that hamper Africa from adapting.<\/p>\n

\u201cFor many gas-rich African countries, one of the biggest shocks is the notion that fossil fuels including gas should be defunded, especially by international financial institutions.\u201d He added: \u201cWe think that gas as a transition fuel is absolutely crucial, not just for an effective transition but also for our economies.\u201d He made it clear that gas is \u201cwithout doubt the only pathway\u201d for Africa to transition out of more hazardous fuels such as coal and heavy oil.<\/p>\n

Osinbajo claimed that Nigeria is \u201cprobably the first country in Africa to develop an energy transition plan and to cost it out\u201d. The plan, which he said will be launched in the next couple of weeks, includes connecting 5 million homes to solar power, requiring more foreign investment in manufacturing panels and components.<\/p>\n

He said there is a \u201cunique opportunity\u201d for companies to invest in Nigerian renewable energy and that the government is providing debt for those who wish to do business in the sector. He also called on developed economies to honour their long-standing pledge to provide $100 billion annually in climate finance to developing countries.<\/p>\n

Peace and security on the continent are seriously threatened by global terrorist franchises from the Sahel to the Horn to Southern Africa, Osinbajo said. As with coronavirus, \u201cterrorism anywhere is a threat to peace everywhere\u201d and he warned global partners not to sit by and allow Africa to be overrun by such extremists. \u201cIt is imperative for the international community to make more robust interventions to clear terrorists from Africa just as it did in the Middle East.\u201d<\/p>\n

Despite the enormous challenges of tackling COVID-19, climate change and terrorism, Osinbajo remained upbeat about economic prospects for Africa and Nigeria. The sub-Saharan economy grew by 3.7% in 2021 and is projected to continue this trajectory into 2022. Nigeria\u2019s National Development Plan 2021-2025 envisages investments totalling $840 billion, of which 86% is expected to come from the private sector.<\/p>\n

In the next three decades, the global population will swell by 2 billion people; 1 billion of those will come from Africa, which now has the world\u2019s fastest growing working-age population. \u201cAfrica has the potential to become the factory of the world,\u201d he said.<\/p>\n

About the Davos Agenda 2022<\/strong>
\nFor over 50 years, the World Economic Forum has been the international organization for public-private cooperation. The Davos Agenda 2022 is the focal point at the start of the year for leaders to share their outlook, insights and plans relating to the most urgent global issues. The meeting will provide a platform to accelerate the partnerships needed to tackle shared challenges and shape a more sustainable and inclusive future.<\/p>\n

First published at TravelCommunication.net<\/a><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Abuja, Nigeria, January 24, 2022 \/ TRAVELINDEX \/ Access to COVID-19 vaccines continues to pose a serious problem for Africa, with fewer than 10% of populations fully vaccinated in most countries, said Yemi Osinbajo, Vice-President of Nigeria, in his address to the Davos Agenda 2022. He called for patent waivers to permit African countries to …<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[299,178,658,43,252,37,45,46,44,14,48,59,286,251,47],"class_list":["post-3479","post","type-post","status-publish","format-standard","hentry","category-global-travel-news","tag-africa","tag-bernard-metzger","tag-global-tourism-forum","tag-global-travel-news","tag-klaus-schwab","tag-news","tag-travel-communication","tag-travel-index","tag-travel-news-hub","tag-travelindex","tag-unwtp-news","tag-updates","tag-wef","tag-world-economic-forum","tag-wttc-news"],"_links":{"self":[{"href":"https:\/\/www.travelindex.org\/media\/wp-json\/wp\/v2\/posts\/3479","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.travelindex.org\/media\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.travelindex.org\/media\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.travelindex.org\/media\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.travelindex.org\/media\/wp-json\/wp\/v2\/comments?post=3479"}],"version-history":[{"count":0,"href":"https:\/\/www.travelindex.org\/media\/wp-json\/wp\/v2\/posts\/3479\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.travelindex.org\/media\/wp-json\/wp\/v2\/media?parent=3479"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.travelindex.org\/media\/wp-json\/wp\/v2\/categories?post=3479"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.travelindex.org\/media\/wp-json\/wp\/v2\/tags?post=3479"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}