The National Economic Council (NEC) has approved N83.2 billion for flood prevention and climate emergency interventions as Nigeria moves to reduce losses from annual disasters.
The approval came on Thursday during NEC’s 158th meeting in Abuja following a presentation by the Federal Ministry of Budget and Economic Planning.
NEC Backs Early Action Against Flooding
However, council members stressed the need to move away from the usual response-driven approach to disasters.
Consequently, they supported early intervention measures to reduce the impact of flooding and other climate-related emergencies, especially during the rainy season.
The funds will support interventions under the Anticipatory Action Task Force (AATF), which focuses on disaster prevention and preparedness.
Furthermore, the council recognised the growing threat posed by annual flooding across several parts of the country.
Shettima Calls for People-Centred Policies
Meanwhile, Vice President Kashim Shettima said government policies should be judged by how they affect ordinary Nigerians.
He said farmers, manufacturers, vulnerable groups, unemployed youths and future generations must benefit from government decisions.
Furthermore, Shettima stressed that no Nigerian should be left behind in the country’s development plans.
In response, he called for policies that offer greater protection to vulnerable citizens and communities facing economic and environmental challenges.
VP Seeks End to Raw Material Exports
Meanwhile, the Vice President also addressed Nigeria’s economic growth strategy.
He urged the country to end its long-standing dependence on exporting raw materials while importing finished products.
Consequently, he called for stronger efforts to build local value chains and create more economic opportunities within Nigeria.
NEC Approves Half of Requested Funds
Briefing journalists after the meeting, Cross River State Governor Bassey Otu said NEC approved N83.21 billion for the intervention programme.
According to him, the amount represents 50 per cent of the N166.42 billion requested by the Ministry of Budget and Economic Planning.
Furthermore, he said council members agreed that preventive measures remain the best option for reducing losses linked to annual flooding and climate-related disasters.
