Nigeria lost $6.68bn to flood in 2022

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Abuja, Jan. 28, 2023 – Sadiya Farouk, the Minister of Humanitarian Affairs, Disaster Management, and Social Development, said Nigeria lost about $6.68 billion to the 2022 flood in the 36 states of the federation.

She said the worst affected states were Jigawa, Rivers, Taraba, Cross River, Delta and Bayelsa.

The minister said this in during the presentation of the Global Rapid Post Disaster Damage Estimation (GRADE) report of the 2022 flood.

She said that the objective of the GRADE Nite developed by the World Bank’s Disaster-Resilience Analytics and Solutions (D-RAS) team was to assess the economic impact of the June-November 2022 Nigeria Floods.

She said that those who were displaced and those whose farmlands were destroyed would be compensated.

The minister said the extent of the population affected and houses damaged or destroyed is worse than the 2012 flooding in some localized areas.

“This analysis estimates that the total direct economic damages, based on currently reported statistics as of November 25th are in the range of $3.79 billion to $9.12 billion with the best (median) estimate at $6.68 billion.

“This includes damages to residential and non-residential buildings (including building contents), as well as damages to infrastructure, productive sectors, and to cropland.

“Estimated median damage is thus generally lower than the 2012 assessment (PDNA), but some localized areas may have experienced greater impacts than in 2012 and past seasons such as 2018.

“The number of persons affected has risen over the season since June up to between 4.4 million and 4.9 million affected people as of November 25th (around 2% of the country’s population),” she said. (GBN)

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