The 36 states in the country and the Federal Capital Territory (FCT) will receive N3bn from the Federal Government in an effort to mitigate the impact of the recent flood disaster.
This development was announced by the Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun while speaking with journalists at the Government House in Birnin Kebbi on Sunday after inspecting flood-affected areas in Kebbi.
Hear him; “I would like to announce that the National Economic Council has proactively decided to allocate N3 billion to support all states across the federation and the FCT in mitigating the effects of flooding this year.”
“That will put many states like Kebbi in a good position to be able to prepare their farmers to the all-important dry season farming, which we anticipate will be successful, well planned and well implemented.”
He noted that this initiative would lead to success by ensuring food availability at reasonably affordable prices, which would help lower inflation and further stabilize the economy.
He conveyed President Bola Tinubu’s commitment to supporting the state’s efforts to maintain security, enhance resilience, and boost productivity, ultimately solidifying its position as Nigeria’s food basket.
The Minister of Budget and National Planning, Sen. Atiku Bagudu, also spoke, expressing concern that the flooding had affected many local governments more severely than he had observed during a recent visit.
However, he praised the resilience and determination of the people of Kebbi, assuring that they would be mobilized to achieve better results during the upcoming dry season farming.
The minister also mentioned that, in addition to the N3 billion support, the federal government had approved a Renewed Hope Infrastructure Fund, which would be used to finance, among other projects, the Badagry – Sokoto road.
By: Babajide Okeowo
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