FG to set up oil spill funds for Niger Delta

0
98

The Federal Government has concluded arrangement to establish the Niger Delta Oil Spillage Management Fund (NDOSMF), in order to address the menace of environmental degradation confronting the region, Vanguard reports.

The development was contained in a communiqué issued at the end of the 2nd meeting of the National Council on Niger Delta (NCND), held in Akure, Ondo State. The council also, approved commencement of the systematic rehabilitation and restoration programme for conservation of wetlands in the Niger Delta region. It also encouraged the nine (9) States to adopt and domesticate the Niger Delta Action Plan (NDAP), leverage on the Federal Government’s Economic Recovery and Growth Plan (ERGP), and seek innovative ways to improve transparency and accountability in the management of programmes.

It approved amongst other things, the adoption of Public Private Partnership (PPP) as a major funding option to mobilize private sector resources for accelerated development of the Niger Delta region; The council according to the communiqué, also approved the development and implementation of the Niger Delta Region Climate Change Programme and Action Plan (NDRCCP – PAC) to mitigate and reduce the impact of climate change in the region, as well as, protect shorelines of coastal communities.