Thursday, August 20, 2026
  • About Us
  • Advertise With Us
  • Contact Us
  • Privacy Policy
Salient Times Online
  • Home
  • News
  • Business
  • Politics
  • Education
  • Entertainment
  • Metro
  • Health
  • E-COPY
No Result
View All Result
Salient Times Online
  • Home
  • News
  • Business
  • Politics
  • Education
  • Entertainment
  • Metro
  • Health
  • E-COPY
No Result
View All Result
Salient Times Online
No Result
View All Result
Home Business

Poor sanitation costs Nigeria ₦455Bn yearly, says World Bank Group

Salient Times Online by Salient Times Online
January 28, 2025
in Business
0
Poor sanitation costs Nigeria ₦455Bn yearly, says World Bank Group
585
SHARES
3.2k
VIEWS
Share on FacebookShare on Twitter

The World Bank Group has revealed that poor sanitation costs Nigeria ₦455 billion annually, equivalent to $3 billion.

You might also like

Customs Intercepts Cannabis, Rice, Other Contraband Worth N3.57bn in Ogun

Lokpobiri Urges Oil And Gas Operators To Accelerate Short Term Production Giants Amid Global Supply Opportunity

Sachet water producers suspend production in Imo over rising costs

The disclosure was made by the Bank’s Senior Irrigation and Drainage Specialist, Dr. Wilfred Hundertmark, during the opening of the technical session of the 31st Regular Meeting of the National Council on Water Resources and Sanitation (NCWR&S) in Uyo, Akwa Ibom State.

ADVERTISEMENT

Dr. Hundertmark presented a draft proposal titled “Water Security Strategic Framework for Nigeria 2026–2040”, emphasizing the critical need for improved water and sanitation infrastructure.

Economic Impact of Poor Sanitation: Poor sanitation costs Nigeria ₦455 billion annually, equivalent to $20 per person or 1.3% of the national GDP.

Nigeria experienced unprecedented flooding in 2012 and 2022, with the 2022 floods costing $6.681 billion.

Additionally, 23% of water facilities fail within their first year of operation (WASHNORM 2022).

Food Security Concerns:

Approximately 79% of Nigerian farmers were affected by drought and flooding in 2020 (SBMIntel).

Food imports have quadrupled over recent decades, reaching $4.57 billion in 2016.

Less than 2% of agricultural farmland is irrigated.

Dr. Hundertmark outlined a vision for water security, describing it as an economic outcome of integrated water resource management (IWRM) and resilient water systems tailored to local conditions. Key components include:

Professionally managed water systems designed for essential water services.

Adequate institutional arrangements with responsibilities shared across federal, state, and local levels.

Investments in advanced water storage, resilient management systems, and robust institutions to address climate-related risks and environmental degradation.

Benefits of Effective Water Management: Improved public health and well-being, Enhanced irrigation and stabilized food supply, Better electricity supply security, Protection against climate-related risks and Funding and Investment:

Dr. Hundertmark stressed the need for transparent and accessible funding mechanisms to support investments in water infrastructure, ensuring Nigeria achieves sustainable water security.

The session highlights the urgent need for collaboration among stakeholders to address the challenges of water security, food insecurity, and the economic burden of poor sanitation.

Tags: World Bank
Previous Post

I feed from rent paid for Kaduna house – Buhari

Next Post

AFCON 2025: Nigeria Drawn Against Tunisia, Tanzania, Uganda

Salient Times Online

Salient Times Online

Related Posts

Customs Intercepts Cannabis, Rice, Other Contraband Worth N3.57bn in Ogun
Business

Customs Intercepts Cannabis, Rice, Other Contraband Worth N3.57bn in Ogun

by Salient Times Online
August 14, 2026
Lokpobiri Urges Oil And Gas Operators To Accelerate Short Term Production Giants Amid Global Supply Opportunity
Business

Lokpobiri Urges Oil And Gas Operators To Accelerate Short Term Production Giants Amid Global Supply Opportunity

by Salient Times Online
March 19, 2026
Sachet water producers suspend production in Imo over rising costs
Business

Sachet water producers suspend production in Imo over rising costs

by Salient Times Online
March 19, 2026
Tinubu directs service chiefs to relocate to Maiduguri
Business

Nigerian, UK businesses scale up investments as President Tinubu visits London

by Salient Times Online
March 17, 2026
FG Won’t Surrender Aviation Sector to Foreign Interests — Keyamo
Business

FG Won’t Surrender Aviation Sector to Foreign Interests — Keyamo

by Salient Times Online
March 17, 2026
Next Post
AFCON 2025: Nigeria Drawn Against Tunisia, Tanzania, Uganda

AFCON 2025: Nigeria Drawn Against Tunisia, Tanzania, Uganda

ADVERTISEMENT
Salient Times Online

Salient Times Newspaper is a product of a dedicated Journalist and a public analyst.

Categories

  • Business
  • Celebrity Gist
  • Crime
  • Culture
  • Education
  • Entertainment
  • Fashion
  • Features
  • Food
  • Gist
  • Health
  • ICT
  • International
  • Interview
  • Lifestyle
  • Metro
  • National
  • News
  • Obituary
  • Opinion
  • Politics
  • Religion
  • Sponsored
  • Sports
  • Travel
  • World

Recent News

Customs Intercepts Cannabis, Rice, Other Contraband Worth N3.57bn in Ogun

Customs Intercepts Cannabis, Rice, Other Contraband Worth N3.57bn in Ogun

August 14, 2026
ADC Ogun Chairman Dismisses Petition, Alleges Plot to Destabilise Party

ADC Ogun Chairman Dismisses Petition, Alleges Plot to Destabilise Party

June 24, 2026

© 2023 Salient Times Online. All Right Reserved

No Result
View All Result
  • Home
  • News
  • Politics
  • Education
  • Opinion
  • Culture
  • Entertainment
  • Lifestyle
  • About Us
  • Contact Us
  • Advertise With Us

© 2023 Salient Times Online. All Right Reserved