Managing flooding in Nigeria through proper use of ecological funds | TheCable

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OPINION BY TAJUDEEN KAREEM: Managing flooding in Nigeria through proper use of ecological funds | TheCable

overflow their banks due to excess volume of water. Flooding can also be precipitated by human activities such as the blockage of water channels with illegal structures and refuse, as well as the periodic release of water from an overfilled dam.

The Derivation Ecology Fund, otherwise known as Ecological Fund is the 2.3% of monthly accruals that are derived from the federation account. This fund was established through the Federation Account Act of 1981, based on the recommendation of the Okigbo Commission. Subsequently, it was modified through Decree 36 of 1984 and Decree 106 of 1992 as well as the Allocation of Federation Account modification order of 2002.

It is necessary to recall that at the federal level, the management of the Ecological Fund was initially handled by the National Committee on Ecological Project which was bedevilled by numerous challenges before it was moved to the Office of the Secretary to the Government of the Federation to advise the president on the disbursement and management of the funds.

There is no doubt that an effective management of the Ecological Project Office will drive the federal government’s policy on ecological intervention and sustainability to mitigate the ecological challenges in many communities across the country.

 

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