Pulse Infographics How billions of naira go down the drain - Ecological Funds

Below is a break down of mismanaged funds released for ECO projects, projects fully paid for are substandard and abandoned while the treats continue.

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How billions of naira go down the drain - Ecological Funds play

How billions of naira go down the drain - Ecological Funds

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Funds released for ECO projects are mismanaged, diverted and projects fully paid for are substandard and abandoned while the treats of ecological problems continue to wreak havoc, thus, taking lives.

N48BN – Amount set aside yearly by Nigeria between 2007 and 2015, as Ecological funds.

N433 billion – Total amount accrued to the Fund during this time.

N246BN (57%) – Total amount realized in four years, between 2011 and 2014.

N2.2BN – Cost of 8 projects, 6 of which were uncompleted but listed by the EFO as completed in 4 North Eastern states.

 

Adamawa State

N427M – Approved for FECP construction in Ganye. Project was below standards.

N224M – Approved for FECP construction in Shagari Estate. Project was below standards.

 

Bauchi State

N442M – Approved for construction of FECP in 2007 for four villages Baraza, Kardam and Brazil & Dass

N320M – Approved for construction of FECP to link three villages Bundot, Dot and Bazali.

 

Gombe State

N352m – Approved for drainage construction in Makera, to be completed in June 2009. Delayed till 2014.

N138 – For FECP in Ashaka, to be built between Oct 2008 & Aug 2010, project doesn’t exist.

N384M – For Bogo-BCG Gully Erosion control. Project Abandoned.

 

Questionable Utilization of Funds

Funds were doled out to government MDAs including the military, for projects that were not ecologically related.

N217 billion – Total accrued to the Fund between 2007 and 2011.

N33BN – Total amount accrued to the Fund in 2007.

N6.8BN – Doled out by Obasanjo/Yar-Adua governments for FCDA projects in 2007

N141.5 billion – Total accrued to the Fund between 2009 and 2011.

N94BN – Amount withdrawn by government same year to fiancé its budget deficit.

 

EFO – Ecology Fund Office | FECP – Flood Erosion Control Project | FCDA – Federal capital Development Agency

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