NEMA: Nigeria Lost N2.6tn to 2012 Flood Disaster

Director General of NEMA, Muhammed Sani Sidi

The National Emergency Management Agency (NEMA) at the weekend disclosed that a comprehensive assessment of the total losses resulting from the 2012 flooding, which ravaged many states showed that the country lost a total of N2.6 trillion.

The Director General of NEMA, Muhammed Sani Sidi, made this known in his speech at the  fourth Global Forum on Disaster Risk Reduction in Geneva, Switzerland.

The Global Platform for Disaster Risk Reduction is the world’s foremost gathering of stakeholders committed to reducing disaster risk and building the resilience of communities and nations.

Sani-Sidi said Post Disaster Needs Assessment conducted between November 2012 and March 2013  was carried out with the support of the World Bank and Global Facility for Disaster Reduction and Recovery (GFDRR), United Nations, development partners and relevant Ministries, Departments and Agencies (MDAs).

The DG put the estimated value of infrastructure, physical and durable assets destroyed at US$9.6 billion.

“The total value of losses across all sectors of economic activity was estimated at US$7.3 billion. The combined value of these damages and losses was US$16.9 billion,” he said.