NEC Slashes Flood Prevention Fund by 50% Okays N83.2bn
The National Economic Council on Thursday approved N83.21 billion to implement an Anticipatory Action Task Force to mitigate the impact of flooding and other climate-related disasters nationwide.
This came as the Council held its 158th meeting, presided over by Vice President Kashim Shettima, at the Aso Rock Villa in Abuja. Cross River State Governor Bassey Otu, who briefed State House correspondents alongside other governors, said the Council approved N83.21bn after receiving an initial request of N166.42bn tabled by the Minister of Budget and Economic Planning, Atiku Bagudu. He said the council ultimately resolved to approve only half of what was requested, while committing to revisit the framework at subsequent meetings.

