The Federal Government says it plans to raise about $150 billion to fund vaccine procurement for 2025 and 2026 as part of renewed investment in Nigeria’s health sector.

Finance and Economy Minister Wale Edun disclosed this on Wednesday during the 2025 Joint Annual Review of the Health Sector, themed “All Hands, One Mission: Bringing the Nigerian Health Sector to Light.”

According to RealityGist, Edun said the 2025 health sector budget has increased by nearly 60%, while the Basic Health Care Provision Fund has grown from $31.5 billion in 2024 to nearly $299 billion in 2026.

He added that the government is prioritising health, with the sector now accounting for 5.2% of the national budget, up from just over three per cent two years ago.

Edun emphasised the need to close the gap between budget approval and actual fund release, urging state and local governments to boost investments in health and education.

Health Minister Prof. Muhammad Pate said the government is reducing dependence on foreign aid by promoting local vaccine production and innovative financing, including taxes on sugary drinks and public-private partnerships.

Pate noted that healthcare usage and vaccine coverage have improved significantly, reflecting growing public confidence in the system.