Public Management

EU Provides $1.2mln in Aid to Flood Victims in Nigeria

EU Provides $1.2mln in Aid to Flood Victims in Nigeria
Tuesday, 24 September 2024 14:07

Nigeria is currently facing devastating floods that have affected several regions. The floods have caused numerous casualties, significant property damage, and displaced millions of people.

The European Union (EU) has released €1.1 million (about $1.22 million) to support victims of severe flooding in Nigeria. The country is one of six African nations receiving a total of €5.4 million ($6.01 million) from the EU to help address the devastating effects of flooding.

According to a statement shared yesterday by the EU’s account in Nigeria, “This funding will help our humanitarian partners on the ground to provide immediate aid and respond to the most urgent needs concerning food, shelter, access to clean water and sanitation and other essential services in the hardest-hit areas”.

 In addition to Nigeria, Chad and Mali will each receive €1 million, while Niger will get €1.35 million. Cameroon and Burkina Faso are set to receive €650,000 and €300,000, respectively. This new funding comes on top of the €232 million in humanitarian aid the EU has already provided to these countries since the start of the year.

Since the rainy season started in Nigeria, floods have caused 269 deaths and displaced 641,127 people, according to data from the National Emergency Management Agency (NEMA) as of September 15, 2024. The northern region of the country has been the most affected.

The Nigerian government, through NEMA, is also assisting those impacted by the floods. NEMA reports that 42,000 tons of food have been distributed to vulnerable communities.

Let’s note that, according to the World Meteorological Organization’s State of the Climate in Africa 2023 report, African countries lose an average of 2% to 5% of their GDP each year due to extreme weather events such as deadly heatwaves, heavy rainfall, cyclones, and droughts.

Additional Info

  • communiques: Non
  • couleur: N/A
On the same topic
Cameroon will issue the first 15-year OTA in CEMAC on February 17, 2026. The Treasury seeks CFA20 billion to test demand beyond the 10-year...
IFC considers up to $8 million in Aruwa Fund II $50 million fund targets Nigerian, Ghanaian SMEs Focus on women-led firms in underserved...
Vista acquires 99.99% of Saham Assurances Niger Company rebranded as Vista Assurances Niger Deal marks entry into Niger’s small insurance...
Beltone acquires Baobab Group for €197.6 million Deal expands footprint into seven sub-Saharan countries Baobab serves 1.6 million...
Most Read
01

Deposits grow 2.7%, supporting lending recovery Average loan sizes small, credit risk persists ...

Togo Microfinance: Deposits and Loans Rise Simultaneously in Q3 2025
02

Oil majors expand offshore exploration from Senegal to Angola Gulf of Guinea accounts for about 1...

Gulf of Guinea regains appeal as a key exploration hub for oil majors
03

Rwanda, partners break ground on $2 billion Kigali Innovation City Smart city targets ...

Rwanda Mobilises Global, Local Finance for $2Bln Innovation City Targeting Africa’s Digital Economy
04

MTN is considering buying back telecom towers it sold years ago, signalling that control of infras...

MTN’s Talks to Buyout IHS: A Strategic Reversal That Could Reshape African Telecoms
05

Ziidi Trader enables NSE share trading via M-Pesa M-Pesa revenue rose 15.2% to 161.1 billio...

Safaricom launches M-Pesa platform for stock trading in Kenya
Enter your email to receive our newsletter

Ecofin Agency provides daily coverage of nine key African economic sectors: public management, finance, telecoms, agribusiness, mining, energy, transport, communication, and education.
It also designs and manages specialized media, both online and print, for African institutions and publishers.

SALES & ADVERTISING

regie@agenceecofin.com 
Tél: +41 22 301 96 11 
Mob: +41 78 699 13 72


EDITORIAL
redaction@agenceecofin.com

More information
Team
Publisher

ECOFIN AGENCY

Mediamania Sarl
Rue du Léman, 6
1201 Geneva
Switzerland

 

Ecofin Agency is a sector-focused economic news agency, founded in December 2010. Its web platform was launched in June 2011. ©Mediamania.

 
 

Please publish modules in offcanvas position.