Tag: special fund

  • Fed Govt votes N166b special fund for disaster management for 2026

    Fed Govt votes N166b special fund for disaster management for 2026

    The Federal Government has earmarked N166 billion as a special intervention fund to position the country as a leader in the new era of data-driven preparedness against disasters by 2026.

    Vice President Kashim Shettima, who announced the fund, explained that it would help to provide anticipatory action before the occurrence of any form of disaster in the coming year.

    The Vice President said the country is strengthening national systems to ensure that early warning is not just issued but heard, understood, and acted upon at the last mile.

    He said the essence is to make Nigeria more proactive and enhance its anticipatory capacity.

    Shettima spoke at the National Conference on Anticipatory Action in Nigeria, with the theme: “Unlocking the Power of Data-Driven Anticipatory Action in Nigeria,” organised by the International Rescue Committee, Nigeria.

    The Vice President said the country is investing in national data-generating agencies, climate-resilient agriculture, flood prediction models integrated with machine-learning systems, like IGNITIA, data-driven disaster management frameworks and community-led resilience initiatives.

    The target, he noted, is to have a nation where no community is abandoned to rising waters, failed rains, or eroding livelihoods.

    Shettima, who was represented by the Deputy Chief of Staff to the President, Senator Ibrahim Hassan Hadejia, said: “A special intervention of N166 billion has been committed by the National Economic Council to fund the National Anticipatory Action Framework in 2026.”

    Read Also: Buhari names Adesina, Djeba, Seriki, 39 others as ambassadors-nominees

    He added: “We are strengthening national systems to ensure that early warning is not just issued but heard, understood, and acted upon at the last mile.”

    The Vice President said Nigeria’s vision is to become a nation that anticipates, not reacts.

    “The Nigeria we are building will not wait helplessly for rescue. We will be a proactive nation, not reactive; resilient, not vulnerable.

    “We will be a nation where no community is abandoned to rising waters, failed rains, or eroding livelihoods; a nation where innovation meets governance, and data meets compassion,” he said.

    Shettima stressed that an anticipatory action is not only a humanitarian necessity but a development path and climate strategy.

     “Anticipatory Action is not only a humanitarian necessity; it is a development pathway. It is a climate strategy. It is a governance strength,” he said.

    The Vice President stressed the importance of timely and accurate data, saying it helps to provide reliable early warning systems and proactive financing.

    He sold: “And it is a moral duty. If we unlock the power of data-driven anticipatory action, we will build a Nigeria that withstands shocks, protects its citizens, and stands as a global model for resilience.”

    Shettima reminded the participants that the gathering was meant “to chart a course that will redefine how Nigeria anticipates, prepares for, and responds to climate-related disasters”.

    He added: “This is not simply a conference; it is a national reset on how we safeguard lives, livelihoods, and the future of our communities.

    “Our reality: The climate crisis is no longer a distant threat; Nigeria is already living the consequences.

    “Floods sweeping through communities in over 26 states, year after year; drought shrinking agricultural yields in the Northeast and Northwest; cholera, meningitis, and vector-borne diseases rising with changing temperatures. Tens of thousands are displaced annually; families losing livelihoods to rising waters or failed rains.

    “To the families affected, these are not ‘climate events’. They are life-altering emergencies. They determine whether or not a family eats, whether or not a child goes to school, whether or not a business survives, and whether or not communities remain stable. The climate crisis is not abstract. It is personal, immediate, and local.

    “The opportunity before us: Turning predictability into protection. Amid this challenge lies an extraordinary opportunity. Around the world, Anticipatory Action (AA) has proven that if we act before a disaster hits, based on data, forecasting, and science, we save more lives, protect more livelihoods, and spend fewer resources.

    “With accurate data, reliable early warning systems and proactive financing, we can: move families to safety before flooding; protect farms before drought damages seedlings; deliver cash support before households resort to negative coping strategies; strengthen local systems before they are overwhelmed.

     “This is common sense. It is smart economics. It is good governance. And, above all, it is humane leadership,” he added.

    The Vice President cited the government’s collaboration with the United Nations, the International Rescue Committee (IRC), donors, and partners in Adamawa State, where the programme has been a huge success.

     “Their work shows that when data and proactive action meet, communities recover faster, cope better, and move forward with dignity,” he stated.

    Shettima urged donors and partners to increase their investment in Anticipatory Action

    He said: “Today, I call on both institutional and private donors: Now is the time to scale up anticipatory action financing in Nigeria. The window to act is narrow, the need is urgent, and the returns in lives saved and communities protected are extraordinary. Every naira or dollar spent before a crisis saves multiple times that amount after a crisis. This is not charity; this is strategic investment in stability, economic growth, and resilience for Africa’s largest nation.”

    Shettima also urged all the stakeholders to act together to strengthen data collection and hydro-meteorological infrastructure; expand forecasting capacity, using advanced analytics and machine learning; develop accessible and reliable early warning systems; scale climate-resilient agriculture and water management; empower communities with tools, financing, and knowledge to act early and review and cascade the National Anticipatory Action Framework to all States affected by floods and other climate induced disasters.

    Warning against a relapse into the old habit of waiting for disasters to strike before acting, the Vice President said: “We can no longer afford a response system where communities only receive help after devastation has occurred.”

    The Country Director of International Rescue Committee,  Nigeria, Babatunde Ojei, said: “Anticipatory Action is more than an innovation; it is a lifeline. It is the power to act before a crisis becomes a catastrophe. It is the power to protect before families lose everything. It is the power to prevent suffering before it begins.”

    He therefore said the gathering was more than a conference; “it is a turning point for our country. A moment where science meets leadership, where data meets decisive action, and where Nigeria demonstrates to the world that we will not wait for disaster to strike before we protect our people.”

    He added: “For too long, our nation has suffered the harsh reality of a changing climate: floods, droughts, displacement, crop failures, food insecurity, and loss of livelihoods. These crises are not statistics; they are the lived experiences of ordinary Nigerians — farmers, mothers, children, traders, and entire communities struggling to survive forces beyond their control. But today, gathered in this hall, is the collective intelligence, leadership, and commitment necessary to change that story.”

  • NASS appropriates special fund for cervical, breast, prostate cancers, says Tejuoso

    The 8th National Assembly has appropriated money for the support and financing of treatment by people suffering from cervical, breast and prostate cancers.

    The special fund would come under Catastrophic Health Fund to support the financing of the three top range of cancers in Nigeria.

    The fund will be available only for those deemed poor and vulnerable.

    The Chairman, Senate Committee on Health, Senator Lanre Tejuoso, made this known to reporters during free medical fair in Abeokuta, the Ogun State capital yesterday.

    Tejuoso, who is the Senator representing Ogun Central Senatorial District, added that the Senate passed the remarkable laws for the very first time in the history of Nigeria.

    The senator, who was represented by his media aide, Toba Ogunremi, said the impactful laws were passed under his leadership of Health Committee of the 8th National Assembly.

    He noted that he is also responsible for the law passage of the Pharmacy Act and Non Communicable Diseases.

    He maintained that the Eighth Assembly of which he has been part of, appropriated for the first time the BHCPF in the 2018 appropriation

    He said: “It is important to emphasize that this was not included in the appropriation estimates submitted to the National Assembly in 2018.

    ”I want to tell you that the National Assembly is in the final process of passing the legislative framework that will make Health Insurance mandatory in Nigeria.”

    He noted that the Federal Capital Territory, health insurance and SPHCDA are also included.

    According to him, the National Assembly revised the PCN Act to support task shifting endeavors and also to promote private investments in the pharma sector.

    He said: “Sustained financing for immunization and nutrition, for the first time in the history of Nigeria, has a USD250M financing to address stunting and counterpart funding for UNICEF for RUTF fully paid.”

    He lamented the inadequate physicians employed in both public and private health facilities, saying that according to ”the World Health Organisation (WHO), the ideal requirement in doctor-patient ratio should be one doctor to 600 patients; but it is pathetic that one doctor presently attends to more than 6,000 patients in this country”.

     

  • SystemSpecs seeks special fund to drive financial inclusion

    Indigenous tech firm, SystemSpecs Limited, has called on the Central Bank of Nigeria (CBN) to establish a special fund to deepen its financial inclusion goals.

    Its Executive Director, Deremi Atanda, who spoke on the sidelines of Digital Pay Expo in Lagos at the weekend, said there are many issues around the push for financial inclusion, adding that literacy is one of them.

    He stressed the imperative for a special fund to drive financial inclusion, adding that the Universal Service Provision Fund (USPF) is an example of the intervention the Federal Government could make to ease the drive on the lenders.

    “I think the banks are committed to financial literacy but it won’t happen in one year. It is a commitment for 2020, which didn’t start yesterday. I have been part of the commitment since 2007. We need to evaluate where we are, so we don’t get derailed, and where we want to be. These are the kind of things we must do. When those targets were set, we have the financial implication of what it will cost, which is not the same now. So, who is going to plug that gap for 2020 dream to be realised? Along the way, there have been many disruptions they didn’t factor in, both the economic aspect and technology.

    “The honest truth is that the pervasiveness of technology is going to make the realisation of these things a lot easier, faster but someone needs to be committed to facilitating it. USPF for example (in the telecoms sector), is there (to ensure that the unserved and underserved rural communities are reached through service subsidy). There is need for a commitment in terms of funding to make sure financial inclusion happen. It might interest you that majority of people investing in that are foreign institutions such as the Bill Melinda Foundation and you ask yourself where the counterpart funding is coming from local institutions. The bank has just committed itself to SINEF, which is rolling out about 500, 000 agents, which CBN is also part of.

    “But don’t forget that the interface of business with the realisation of national policy, money will go after money. If the agents are just to work to achieve a national policy that will not be economically beneficiary to them, somebody must incentive it so that national objection is realise. It is just a matter of time, when that business is worthwhile and there is a plug in from the right agencies of the government, sooner than you think that will happen,” he said.

  • NSITF creates special fund for compensation

    The Nigeria Social Insurance Trust Fund (NSITF) has created a special fund to ensure prompt settlement of claims and compensation of injured workers.

    Its Executive Director, Operations, Mrs Kemi Nelson, said the decision was informed by the need to meet the 14 days payment timeline set by the management of NSITF.

    She said: “The management thinks that it is injurious and criminal to delay the payment of compensation of victims. That is why we have dedicated a certain percentage of money that comes into the Fund to claim and compensation payment. This has ensure that time would even come when claims and compensation would be in dire need of funding.”

    She said reducing accidents in the workplace and rehabilitating workers that sustain various degrees of injuries have impacted positively on the stability of families and give hope to women that lost their breadwinners to work.

    “The NSITF should not be within the context of preventing injuries in the workplace and rehabilitating workers that sustain injuries in the course of work, but within the larger context of ensuring that the family does not suffer as a result of bread winners inability to work or die in the course of work.

    “We have women who lose their husbands to workplace accident that are getting a sort of lifeline from the NSITF. Such women and their children do not need to rely on the goodwill of the family for survival. So, for us at the NSITF, seeing that women are no longer stranded after the demise of their husbands is so important to us and that is why we are striving to reduce payment of compensation to only 14 working days after the necessary papers have been filed in our offices,” she said.

    Nelson said the management of the NSITF places top priority on creating and maintaining a stable and friendly environment at work, saying: “Since we came on board, we have tried to create an environment where friends interact to deliver credible service to the people. We have not had any labour issue since we came on board because we have made workers welfare the cornerstone of all we have been doing.”

  • NUT seeks special fund for primary education

    NUT seeks special fund for primary education

    The Osun State chapter of the Nigeria Union of Teachers (NUT) has urged the House of Assembly to place teachers’ salaries and emoluments in the first line charge of Federal allocation in the proposed local government autonomy.

    The union’s members besieged the Assembly yesterday with placards bearing various inscriptions for special funding for primary education.

    NUT State Chairman Wakeel Amuda said the step became imperative to save primary education from collapsing.

    The union leader noted that primary education funding had suffered a setback when it was under local government administration.

    He said the union was not against the proposed local government autonomy but was not happy that teachers were owed salaries for months in some states in 1994 when local government areas were controlling primary school funding.

    Amuda said primary education was key to national growth, adding that primary school teachers should be paid through the Universal Basic Education Commission (UBEC) from the first line charge of the Federation Account.

  • Ogun Assembly approves N10b special fund

    Ogun Assembly approves N10b special fund

    The Ogun State House of Assembly yesterday approved Governor Ibikunle Amosun’s request to participate in the Federal Government N10billion special infrastructural development intervention fund.

    Amosun, in an October 6 letter, requested a “Resolution of the House of Assembly approving the state’s participation in the special infrastructural intervention fund to the tune of N10 billion”.

    The governor said the loan facility would enable the government to complete projects.

    The approval was granted through a motion by the Majority Leader, Adeyinka Mafe, seconded by Olusesan Soyebo.

    In granting the request, the House called on the government to ensure that all the 20 local governments benefitted from the projects.