Rising from the Federal Executive Council, FEC, meeting on
Monday, President Bola Tinubu has directed the creation of Disaster Relief
Fund.
Minister of Finance and Coordinating Minister for the
Economy, Wale Edun made the disclosure while briefing the media.
He said based on the fact that disasters such as the
Maiduguri flooding will likely become a regular occurrence because of climatic
changes, there is need for specialised kind of funding to meet emerging demands
and challenges associated with the phenomenon.
Recall that Maiduguri in Borno State witnessed an
unprecedented flooding that consumed half of the city, killing some citizens
and destroying critical infrastructure.
Edun noted that the Federal Government will do all in its
powers to rally funding from critical stakeholders for the Disaster Relief
Fund.
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