Nigeria Lost Over $4.6bn To Flooding

Director-General of the Nigerian Meteorological Agency, Mansur Matazu, has disclosed that flooding has cost Nigeria $4.6 billion, significantly impacting the country’s GDP.

The DG made this known at a workshop on increasing access to climate information services for national development and food security in Nigeria, hosted by NIMET, in partnership with the Human and Environmental Development Agenda, HEDA.

Citing a World Bank Survey commissioned by the Ministry of Humanitarian Affairs, Matazu disclosed that the research was based on a fast assessment of the monetary implications of 2022 flood damages in terms of livelihoods, farmlands, and infrastructure.

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He further stated that Nigeria was recovering from the disaster and was working on long-term flood solutions to boost the agricultural sector and support the country’s current food security strategy.

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Matazu said, “The damage the flood has caused in the form of livelihood, farmland, and infrastructure- it has cost the country over $4.6 billion, and that is a significant weight on our GDP.“