Nigeria loses $6.681bn during 2022 flood – World Bank Grade report - News Summed Up

Nigeria loses $6.681bn during 2022 flood – World Bank Grade report


The report of the newly deployed World Bank Global Rapid Post Disaster Assessment Damage Estimation technology on the 2022 flood that ravaged the 36 States of the Federation and Federal Capital Territory (FCT) indicated that Nigeria lost the estimated sum of $6.681 billion as direct damages recorded between June and November 2022. According to the report, the flood affected residential buildings, non-Residential buildings, agriculture, and Infrastructure across the six geopolitical zones of the Federation. Hence the resolve to opt for Global Rapid Post Disaster Assessment Damage Estimation Report. He noted that the World Bank delivered the report in November 2022 while the Ministry, through NEMA, has started implementing some of the urgent findings and recommendations and embarked on consultations. He confirmed that the World Bank graciously acceded to the Ministry’s request.


Source: Nigerian Tribune January 28, 2023 00:39 UTC



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