Tuesday 2 September 2014

FG begins N19b erosion projects in seven states



The Federal Government in partnership with International Development Association (IDA), Global Environment Facility (GEF) Trust Fund and the Special Climate Change Fund (SCCF) is to begin implementation of the Nigeria Erosion and Watershed Management Project (NEWMAP) aimed at reducing vulnerability to savaging gully erosion in seven states in Nigeria. Under phase 1 of the project, 21 sites have been declared bankable by the World Bank and would cost about N19 billion while more states would be incorporated. Briefing journalists Monday in Abuja, the National Coordinator, Chikelu Nwune, said that the project would be financed through an eight-year Strategic Investment Loan (SIL) of $508.59 million, consisting of a $500 million IDA concessional loan blended with GEF and SCCF grants totaling $8,59 million. Nwune explained that the Federal Government would contribute about $150 million, stressing that while gully erosion is accelerating in the southeast, other forms of land degradation is also on the increase in the north. He said, This amount comprises of a federal cash contribution of $70 million and in-kind contribution of $24 million for staff, office costs and payment of compensation for resettled people, and an in-kind contribution by each state of approximately $8 million (for each of the seven states totaling $56 million) for staff and office costs and pre-feasibility designs of intervention sites. States contributions to the project financing are agreed criterion for project participation.
Guardian Newspaper

No comments:

Post a Comment