The Gates Foundation will settle Nigeria's $76 million polio debt to Japan


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The Bill & Melinda Gates Foundation will pay off Nigeria’s $76 million polio debt with Japan, taking care of a 2014 loan for a facility in the African nation’s battle against the deadly disease (Nigerian Tribune).

The money was due for repayment this year, as reported by Quartzand the Gates Foundation will pay it over a period of 20 years. The deal was agreed after Nigeria achieved more than 80 per cent vaccination coverage each year in the most risky areas of the country.

Nigeria, Afghanistan, and Pakistan are the only three countries in the world that have never halted polio transmission, according to the World Health Organization.  In August 2016, two new wild polio cases were discovered in northern Nigeria, and the Gates Foundation expressed determination to keep fighting the disease.

No new cases of wild polio were reported in Nigeria in 2017, according to the Polio Global Eradication Initiative.

This is an emerging story which needs expansion if you wish to EDIT to add information or discuss it in TALK.

 

 

 

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