None
VI
FG to Fight Erosion with €175 Million EIB Facility
[]
THISDAYLIVE
Michael Olugbode in AbujaThe federal government has concluded plans to fight erosion in 23 states across the country with €175 million facility from European Investment Bank (EIB).
“In 2020, the federal government secured additional financing from the European Investment Bank (EIB) to expand the scope of the Nigeria Erosion and Watershed Management Project (NEWMAP).
“The EIB approved a facility of €175 million aimed at building upon and deepening the achievements recorded under NEWMAP-IDA, using the Strategic Watershed Management approach.
“The project is driven by a Federal Project Management Unit under the coordination of a National Project Coordinator.
He noted that the project provides the technical assistance necessary to ensure the effective delivery and management of erosion.