Nigeria Daily Log - FORUMS

Acting President, Yemi Osinbajo, has directed the Minister of Finance, Kemi Adeosun, to immediately release N1.6 billion for 16 states ravaged by floods across the country.

The states are Ekiti, Osun, Akwa Ibom, Kebbi, Niger, Kwara, Ebonyi, Enugu, Abia, Oyo, Lagos, Plateau, Sokoto, Edo and Bayelsa.

Spokesperson to President Muhammadu Buhari, Femi Adesina, made the disclosure to newsmen after the Federal Executive Council, FEC.

Adesina said the money will help cushion the effects of the disaster on residents of the states.

He explained said the fund “would be taken from the Federal Government’s Ecological Account in the Central Bank of Nigeria”.

He said the Minister of Finance has been directed to release the money directly to the National Emergency Management Agency, NEMA, for onward distribution to the affected states.

Source Dailypost.ng

This is a good move by the federal government... It should help cushion the effects of the flood incidences in these states... It now remains if this will have positive impact in the affected states.