Economy
World Bank earmarks N2bn to tackle erosion in Imo
The World Bank on Tuesday said it had earmarked more than N2 billion to tackle erosion in Imo.
Mr Beniot Bosquet, the Sector Manager on Environment and Climate Change Matters, World Bank African Region, disclosed this in Owerri.
A statement issued by Mr Sam Onwuemeodo, the Special Assistant on Media to Gov. Rochas Okorocha, quoted Bosquet as making the pledge when his team paid courtesy visit on the governor.
The statement said the fund was approved to tackle erosion at Umueshi in Ideato South, Ihioma-Ogbaeruru in Orlu and Eziala Obizi in Ezinihitte Mbaise Local Government Areas.
Other erosion sites are Ezem Azu Uruala in Ideato North and Umuezealaibe in Isu Njaba Local Government, which the statement said, were awaiting approval by the World Bank.

It quoted Bosquet as saying that the Nigeria Erosion and Water Shade Management Project (NEWMAP) was set up by the bank in conjunction with the Federal Government.
The joint efforts, the statement said, were to tackle environment and climate change issues in the South East.
Bosquet called on the Imo Government to support the intervention through the payment of its N400 million counterpart fund in order to access the approved amount.
The governor expressed gratitude to the World Bank team for its interest in the development of the state.
He said the state would pay part of its counterpart fund to ensure that the work commenced in earnest.
-
News1 day agoCardoso formally receives Central Bank of the Year Award
-
Finance2 hours agoElon Musk becomes world’s first trillionaire as SpaceX shares soar on stock market debut
-
Economy1 day agoNigeria’s Digital Boom needs nuclear power partnerships for long-term success
-
Uncategorized1 day ago
June 12 Democracy Day declaration not enough, as citizens wallow in pain – ActionAid, FG declares Friday public holiday
-
Stock Market2 hours agoFG to raise N4trn bond to settle electricity debt
-
Oil and Gas1 day agoNNPC is house of thieves, fraud; Kyari must be arrested dead or alive to account for N210 trillion—Oshiomhole
-
Oil and Gas1 day agoDangote Refinery seeks $1bn private placement ahead of planned listing
-
News1 day agoMiddle East Conflict sends global growth to lowest rate since COVID-19, WBG to Provide up to $100bn for Affected countries over 15 Months—WBG

You must be logged in to post a comment Login