The Federal Government has said the financial worth of direct economic damage in Nigeria caused by floods in 2022 is $7bn.
On Tuesday, the government also said over 600 lives were lost as a result of the disaster. It described the situation as the worst effect of climate change in Nigeria.
Vice President Kashim Shettima disclosed this at an event of the United Nations Framework Convention on Climate Change, in Abuja. His speech was read by his Deputy Chief of Staff, Ibrahim Hassan.
He said, “We are all living witnesses to the ravaging floods of last year (2022), which held the country to a standstill for days. The World Bank’s Global Rapid post-disaster damage estimation assessment put the total direct economic damage to infrastructure to be about $7bn
This is equivalent to 1.6 per cent of Nigeria’s estimated 2021 Gross Domestic Product, not including the loss of over 600 lives. For Nigeria, that was climate change at its worst.”
