Nigeria Suffers $7 Billion Economic Damage from 2022 Floods

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The Nigerian government has reported that the direct economic damage caused by floods in 2022 amounts to $7 billion, with over 600 lives lost due to the disaster. The Vice President, Kashim Shettima, described this as the most severe impact of climate change in Nigeria. He highlighted the substantial economic toll, equivalent to 1.6% of Nigeria’s estimated 2021 Gross Domestic Product, not accounting for the loss of lives.

Speaking at a United Nations event on climate change, Shettima emphasized Nigeria’s vulnerability to climate change, ranking among the 10 most vulnerable countries globally despite its limited contribution to global carbon emissions. He noted that Africa as a whole contributes less than four percent of total global carbon emissions.

Shettima pointed out various impacts of climate change on Nigeria, including drought, desertification, disruption of rainfall patterns leading to sandstorms, severe floods, and the destruction of farmlands, infrastructure, and human settlements. He emphasized that climate change’s effects are visible in regions such as the North-Eastern part of Nigeria, affecting people’s lives and livelihoods.

Opinion: The significant economic damage caused by floods in Nigeria underscores the urgent need for climate adaptation and mitigation strategies in the country. As one of the most vulnerable countries to climate change, Nigeria must prioritize investments in resilient infrastructure, disaster preparedness, and sustainable practices to minimize the impact of such events on both its economy and its citizens’ well-being. This situation also highlights the global responsibility to address climate change collectively, as even countries with lower carbon emissions are experiencing severe consequences. International cooperation is essential to ensure a sustainable and secure future for all nations.

Punch.

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