Nigeria’s Acting President, Yemi Osinbajo (photo), has on Wednesday, ordered the immediate release of N1.6bn ($4.6 million) to support states affected by flood in the country, according to Femi Adesina, the Special Adviser to the President on Media and Publicity.
The states include Ekiti, Osun, Akwa Ibom, Kebbi, Niger, Kwara, Ebonyi, Enugu, Abia, Oyo, Lagos, Plateau, Sokoto, Edo, and Bayelsa.
The directive was issued to the Ministry of Finance after the Federal Executive Council in Abuja.
According to Adesina, the fund would be provided from the Federal Government’s Ecological Account in the Central Bank of Nigeria.
“The Minister of Finance, Kemi Adeosun was directed to release the money direct to the National Emergency Management Agency NEMA for onward distribution to the affected states,” he noted adding that the Presidential Relief Committee was also mandated to provide further support to the affected States.
The Special adviser noted that Niger and Lagos states were the most affected, following heavy rainfall leading to several deaths during the weekend.
Let’s recall that the World Bank last month earmarked $100.2 million for a drainage project to tackle flood in Akwa Ibom.
Anita Fatunji
AI-backed agri-fintech is increasingly being used to pilot new rural credit models in Africa, where ...
Fruitful partners with Elsewedy unit to launch processing project in Egypt New facility wil...
Investment bank BCID-AES established in Bamako Bank aims to fund infrastructure, agricultur...
This week’s health update shows Africa edging closer to the end of the mpox public health emergency,...
Standard Bank extended a USD 138 million facility to STEP, acting as sole arranger and advisor to ...
IEA says global coal demand hits 8.85 billion tonnes this year Coal supplies one-third of global electricity despite renewable growth Agency expects...
India, Ethiopia upgrade ties to strategic partnership during Modi visit Agreements cover data centre, debt restructuring, customs,...
Rwanda launches BioCap project to build crop biotechnology capacity Five-year program targets cassava, potato, banana improvement $14 million...
In Africa, seed systems face multiple challenges, including low adoption of certified planting material, a shortage of quality assurance laboratories and...
Algiers is a coastal capital of around four million inhabitants, located in north-central Algeria. Its urban structure, heritage, and social practices...
Palm Hills Developments signs agreement with Marriott International to introduce the St. Regis brand in West Cairo. Project to include a luxury...