ECOLOGICAL FUND; HOW FAR?


"Flooding issue has gone beyond weather forecasting so we need to engage in capacity building" This is one of the statements of Dr.Chidi.M.Onuoha a Development Economist on Moneyline with Nancy showing on AIT.


The issue of ecological fund was discussed and it was revealed that diverting of disbursed ecological fund can be tagged as climate denial.
It is no more hidden that climate change is real, not fallacious and should be treated as such.
Eco funds should be used for erosion control and the government needs to educate the people on flood by using measuring,reporting and verification system(MRV) to drive any project.

Dr John Osonwa Climate Change and Environmental Change expert, who was also present in the show said that flooding is a national issue and ecological funds should be deployed to banks e.g river Niger, Benue and dams inclusive and should also be used for gathering of data and building capacity. Capacity building by sharing knowledge,awareness and the coming together of  stake holders to combats flooding and erosion should be deployed to tackle flooding issue in Nigeria.

The issue discussed is an eye-opener on the disbursement and management of ecological fund because its a major challenge in Nigeria now.
In his final words, Dr. Chidi Onuoha said that before the end of the year that the 8th National Assembly would passed a bill on Climate Change as it is currently on public hearing stage.While,

Dr.John Osonwa advised that Ecological funding should be Judiciously applied to save lives and property.

It is very obvious that climate change has become a threat to the environment and the economy so more action is needed than talking.






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