News Column

Nigeria : WORLD BANK allocates $200mln for supporting flood management in IBADAN

June 21, 2014

The World Bank announced that it has allocated 200 million dollars, (about N32 billion) to support Nigeria s flood management in Ibadan, Oyo State.

On Wednesday, Mr Bamidele Oladokun, Communication Associate to the World Bank in Abuja, stated this by adding that the bank Executive Directors permitted the money to develop disaster risk management capabilities in the state.

According to the bank, the board also aims to bolster community-based resilience capacity and deliver support for risk assessment and early warning systems in Ibadan. Ibadan s poorest and most vulnerable residents are the most influenced by the floods.

The Director of the bank in Nigeria, Miss Marie-Francoise Nelly, stated Nigerian cities are growing at a scale never seen before and are exposing more people to disaster impacts. Floods and other climate-related shocks are a severe threat to the achievement of the country s development goals.

It is critical that these cities are able to face these significant challenges, and prepare for potential natural disasters and climate change.

The State Government had requsted to the bank to uphold it in its bid to search a combined and long term solutions to flooding in Ibadan. The Ibadan Urban Flood Management Project will help the 3.1 million people living in the city, and mainly the 40,200 people who reside in flood prone areas.

The project will develop early warning and flood response actions and will also fund the rehabilitation of Ibadan city drains, roads and bridges, as well as restoring Eleyele Dam. It will establish a long-term flood risk management framework. It will bolster government s early warning and response capabilities.

For more stories on investments and markets, please see HispanicBusiness' Finance Channel

Source: TendersInfo (India)

Story Tools Facebook Linkedin Twitter RSS Feed Email Alerts & Newsletters