Nigeria’s recurring floods: Up to $9.12bn lost, N880bn needed for repairs —FDC Report
Nigeria's floods are causing economic losses estimated at up to $9.12 billion, according to a new FDC report. With N880 billion needed for repairs, urgent action is required to address the damage.
By NigerianNewsFeed NewsDesk 
Nigeria’s recurring floods are exerting a heavy economic toll, with losses estimated at between $3.79 billion and $9.12 billion and annual spending on damaged infrastructure reaching roughly N880 billion (about $644 million), according to the latest macroeconomic outlook from Financial Derivatives Company (FDC). The report attributes most of the damage not to the weather itself […]
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