The National Economic Council (NEC) has approved the release of ₦83.2 billion from the Anticipatory Action Trust Fund (AATF) to strengthen Nigeria’s flood preparedness and response measures.
The approval was granted during Thursday’s NEC meeting chaired by Vice President Kashim Shettima at the State House in Abuja, according to Channels Television.
Speaking to journalists after the meeting, Bassey Otu disclosed that while more than ₦166 billion had originally been proposed for the fund, the council approved ₦83.2 billion.
The fund will support proactive flood management measures, including early warning systems, emergency preparedness programmes and other mitigation initiatives aimed at reducing the impact of seasonal flooding across the country.
NEC also emphasised the need to move away from reactive responses to disasters and emergencies. The council noted that the AATF would help improve preparedness and strengthen disaster management efforts nationwide.
Addressing members of the council, Shettima said the administration of President Bola Tinubu must ensure that ongoing economic reforms translate into tangible benefits for Nigerians.
He stated that government policies should deliver measurable improvements for farmers, manufacturers, vulnerable citizens, unemployed youths and future generations.
The vice president described Nigeria as a federation transitioning from economic stabilisation to production and implementation, stressing that government programmes must now focus on achieving visible results.
On social protection, Shettima said the government must build sustainable systems that protect vulnerable citizens and strengthen human capital development.
He also renewed calls for Nigeria to expand value-added production rather than continue exporting raw materials and importing finished goods. According to him, the country’s economic transformation depends on strengthening the entire value chain, from agriculture and manufacturing to export logistics and international market access.
Shettima said improving port operations and ensuring compliance with international export standards would help farmers and manufacturers compete more effectively in global markets.
The NEC approval comes as several states intensify flood preparedness efforts ahead of the peak rainy season, amid concerns over recurring flood disasters in vulnerable communities.
