Federal Executive Council (FEC)Approves $200 million Loan to Check Flood in Ibadan

Consistent with FG’s plans to clear all elements of the country  of environmental challenges, the Federal Executive Council approved a credit facility of $200million to manage frequent flooding in Ibadan metropolis.

Briefing State House Correspondents by the end of today’s Council meeting, Minister of State for Finance Amb Bashir Yuguda recalled that Ibadan, capital of Oyo state, witnessed massive flooding in 1980 and 2011 which resulted in lack of properties.

The minister noted some remedial works were carried out to avert the long run occurrence of flooding in the town, stressing with the credit facility of $200million, the  government would have the ability to manage the frequent flooding in the city.

 “It is important to know that when the Eleyele Dam became unsafe, there were lots of problems that happened in Ibadan: drainage system was bad, solid waste management was threatened, the land use planning and flood control assess management was also threatened. We believe with this credit facility coming, the Federal Government will be able to assess the situation,” Yuguda said.