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UN Releases $8 Million to Support Flood Victims in Maiduguri, Nigeria
The United Nations Office for the Coordination of Humanitarian Affairs has come to the aid of flood-ravaged Maiduguri in Borno State, Nigeria, with an immediate release of $8 million to support victims.
Diaspora Watch learnt this gesture follows the devastating flood that killed dozens and displaced hundreds of thousands last week.
Mohammed Malick Fall, UN Resident Coordinator, announced the new funding during a visit to Maiduguri over the weekend, where he assessed the damage and ramped up lifesaving assistance.
Fall emphasized the UN’s solidarity with the affected communities, stating, “We’re all behind you not only in sympathy but in solidarity. We will not spare any of our resources in this response.”
The UN has already provided hot meals and facilitated food air drops in hard-to-reach areas cut off by flood waters.
Diaspora Watch reports that the flood, triggered by a dam burst, has affected over 1 million people 1 million people, with many taking shelter in camps.
Borno State Governor Babagana Umara Zulum described the flood as “the most devastating acute disaster” the state has suffered, damaging bridges and affecting the University of Maiduguri Teaching Hospital, which houses West Africa’s most advanced medical equipment.
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This disaster compounds the existing malnutriti crisis caused by conflict, climate change, and inflation in the region.
Local residents lament the skyrocketing food prices due to flooded roads, markets, and farms.
The UN’s humanitarian response plan for Nigeria requires $927 million, but only 46% of the funds have been secured.
This support comes after Nigeria’s worst flooding in a decade in 2022, which claimed over 600 lives and displaced 1.4 million people.
ExxonMobil Guyana has announced plans to increase oil production from its Stabroek block by 18,000 barrels per day (bpd). The capacity of the Unity floating production, storage, and offloading (FPSO) vessel will increase from 252,000 bpd to 270,000 bpd, pending approval from local authorities. ExxonMobil Guyana currently produces 665,000 bpd, and future developments include the Hammerhead project, which aims to produce 120,000-180,000 bpd. The company’s investment is set to further strengthen Guyana’s economy as it grows into a major oil producer.
In political developments, President Irfaan Ali has announced several benefits ahead of Guyana’s upcoming elections. The new incentives include free college tuition and a one-time cash handout of nearly $1,000 per household, benefiting 264,000 families. The minimum wage will also increase from $350 to $500 starting next year, aimed at reducing the cost of living for Guyanese citizens.
Guyana’s economy, bolstered by its growing oil sector, saw a remarkable 60% GDP growth in 2022, the highest in the world, according to the IMF. To further utilize oil revenues, the government is launching various infrastructure projects, including hospitals, schools, and a $1.9 billion gas-to-energy initiative.
At the same time, the 115th COTED meeting on agriculture in CARICOM is tackling challenges like climate change and underdeveloped agricultural value chains, working towards the 25 by 2025 Food Security Initiative.
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CARICOM ministers gathered in St. Vincent during the 18th Caribbean Week of Agriculture (CWA) to address regional food security and sustainability. Key discussions included the “25 by 2025” initiative, blue economy development, and strategies to enhance intra-regional trade and agriculture. The ministers are also preparing for COP29, pushing for urgent climate action, and seeking financial commitments to protect Small Island Developing States (SIDS) from the impacts of climate change. Notable awards were presented to outstanding farmers for their contributions.
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As Nigerians face mounting economic hardship from soaring petrol prices and inflation, leaders like President Tinubu, Senate President Akpabio, and Remi Tinubu make insensitive remarks that mock the suffering populace. President Tinubu claims his neoliberal reforms will benefit Nigerians in the future, while Akpabio dismisses citizens fleeing the country’s economic downturn as unpatriotic. With an already devastated middle class and rising poverty, these tone-deaf responses intensify frustrations.
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#NigerianEconomy #NeoliberalPolicies #Tinubu #EconomicHardship #Nigeria #FuelPrices
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