Ibadan, others to benefit from FG’s N1.6 billion ecological fund
Remember the flood situation in Ibadan and other parts of Oyo state? Well, the federal government has decided to help affected states with N1.6 billion drawn from the country’s Ecological Fund
PUNCH reported that Nigeria’s Acting President, Yemi Osinbajo, has approved the release of N1.6bn from the Ecological Fund to 16 states that were affected in the recent flood witnessed across the country.
The Special Adviser to the President on Media and Publicity, Mr. Femi Adesina, disclosed this to State House Correspondents at the end of the weekly meeting of the Federal Executive Council presided over by Osinbajo at the Presidential Villa, Abuja.
Adesina explained that the approved fund is to help cushion the effects of the flood on the victims.
Acting President Yemi Osinbajo, has directed the Minister of Finance, Kemi Adeosun,to immediately release the sum of N1.6 billion to 16 states ravaged by floods across the country.
He explained further that the sum would be released directly to National Emergency Management Agency from the Ecological Fund domiciled in the Central Bank of Nigeria.
“The Minister of Finance has been directed to release the money to the National Emergency Management Agency for onward distribution to the affected states,” he said.
The benefiting states are Edo, Sokoto, Ekiti, Osun, Akwa Ibom, Kebbi, Niger, Kwara, Ebonyi, Enugu, Abia, Oyo, Lagos, Plateau and Bayelsa.