Niger Basin: NBA Launches $300m AfDB Fund

  |   Nigeria News

The Executive Secretary of Niger Basin Authority (NBA) Dr Abderahim on Friday announced the establishment of a 300-million dollar fund with the African Development Bank, for technical and environmental studies to protect the basin. DR Hamid made this known at the opening of the 36th ordinary session of the NBA council of ministers in Abuja

Hamid said it was important for NBA member countries to make additional effort through contributions and strengthening capacity for improvement of livelihoods. “I would like to request for member countries’ political and financial support and their ownership of NBA actions, so as to create favourable conditions for the people, especially in efforts to engage the youth of the basin.”

The Minister of Water Resources, Mr Suleiman Adamu who spoke at the meeting held in Abuja pointed out that degradation of the environment in the Niger Basin and its impact on the natural resources were major concerns of the country. He added that the solutions entailed strengthened cooperation while noting that combined phenomena of climate change and population growth, as well as the irrational and abusive exploitation of natural resources, had been having adverse consequences on the social-economic activities in the basin.

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