According to Quartz, the loan was taken in 2014 and repayments were due to begin this year. A Gates Foundation spokesperson spoke to the news outlet and said that they decided to take on Nigeria’s debt after they “met the condition of achieving more than 80% vaccination coverage in at least one round each year in very high risk areas across 80% of the country’s local government areas.” The loan will reportedly be repaid over a period of 20 years.
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