ABUJA, June 19 – The National Economic Council (NEC) has approved N83.2 billion ($60.5 million) to help reduce the impact of flooding and other climate related emergencies expected across Nigeria during the rainy season.
The fund was approved under the Anticipatory Action Task Force (AATF) at the council’s 158th meeting, chaired by Vice President Kashim Shettima. According to the Federal Government, the intervention is aimed at taking preventive action instead of responding only after disasters occur.
The approval comes as the Coalition for Disaster Resilient Infrastructure (CDRI) estimates that Nigeria and other African countries lose about $12.7 billion every year to disaster related damage affecting infrastructure and buildings.
During the meeting, the Vice President also urged state governments to work more closely with the Federal Government to remove obstacles slowing agricultural exports saying that Nigeria’s economic growth depends on building a stronger value chain that connects farms to factories, factories to quality standards, and ports to international markets.
Shettima said the council would also address challenges affecting the movement of goods through ports and compliance with export standards, adding that improving logistics is key to supporting farmers and expanding trade.
Nigeria has continued to experience severe flooding in recent years. In 2025, President Bola Tinubu approved N16.7 billion for the reconstruction of the Mokwa Bridge in Niger State after it was damaged by floods. He also approved N2 billion to rebuild homes destroyed in the disaster, which affected more than 2,000 houses.
Earlier this year, the Nigeria Hydrological Services Agency (NIHSA) warned that flooding could disrupt more than 100 major roads across 28 states and the FCT, highlighting the need for stronger flood control measures and better disaster preparedness.
