FG votes N6.3bn interest-free loans to 21,000 flood disaster victims

No less than  21,000 Nigerians affected by flood disasters crossed the state are to payment from  national government’s interest-free indebtedness totalling 6.3 billion.

The Minister of State for Humanitarian Affairs and Poverty Reduction, Yusuf Sanunu, disclosed this yesterday astatine a roundtable lawsuit to people this year’s International Day for Disaster Risk Reduction successful Abuja.

The lawsuit had successful attendance Vice President Kashim Shettima, Deputy Speaker of the House of Representatives, Benjamin Kalu, Governor Dauda Lawal of Zamfara State, lawmakers and planetary partners, among others.

Sununu said the involution was to mitigate the interaction of flooding successful the state and code its consequences connected nutrient security.

The minister, who  besides disclosed that the national authorities has reached 8.1 cardinal households with implicit ¦ 300 cardinal done the Conditional Cash Transfer scheme, said:  “As a ministry, nether the Hope Agenda of Mr President, it has, done the National Social Investment Agency, done precise good successful improving the resilience of the section community.

‘’As of today, successful presumption of conditional currency transfer, implicit 8.1 cardinal households successful Nigeria person been reached with a full sum of implicit 300 and thing cardinal naira. This has truly improved their capacity, improved their health, and education, and the process volition continue.

“We besides are planning, astatine some nationalist and authorities level, to amended connected our flood mitigating effect by dolling out, successful the adjacent fewer weeks to come, to 21,000 Nigerians escaped interest, and besides escaped collateral indebtedness of implicit N300,000 each.   This is to code the contented of situation successful farming truthful arsenic to mitigate the involvement of flooding successful Nigeria.’’

He disclosed further efforts to empower displaced persons done a strategy that would supply a acceptable marketplace for their products.

“Already, we person planted a programme successful collaboration with Federal Minister of Agriculture successful addressing the nutrient information of internally displaced persons done collaboration with internally displaced persons successful their campy and big community.

‘’ The look of giving the internally displaced idiosyncratic 30 percent of the nutrient produced by the internally displaced persons, and the authorities volition off-take 70 percent and the wealth volition beryllium fixed to the internally displaced persons that participated successful the strategy arsenic a currency component,” helium said.

Speaking earlier, the Director General of the National Emergency Management Agency, NEMA, Zubaida Umar, said Nigeria, similar galore nations, continued to acquisition expanding frequence and strength of disasters, driven by clime change, conflicts, pandemics and technological risks.

According to her, these events are investigating the limits of accepted exigency effect systems and demanding a much proactive, preventive, and well-financed catastrophe hazard absorption framework.

Zubaida underscored the request to collectively rethink however to money resilience to determination from reactive, ad-hoc backing of disasters to a multi-stakeholder financing architecture that supports prevention, preparedness and sustainable recovery.

“Your Excellency, this Roundtable besides provides the level for the authoritative motorboat of 2 landmark argumentation instruments that volition usher our corporate efforts successful the years ahead: The NEMA Strategy Plan (2025–2029); The National Disaster Risk Reduction Strategy (2025–2030).”

The station FG votes N6.3bn interest-free loans to 21,000 flood catastrophe victims appeared archetypal connected Vanguard News.