Nigeria’s recurring floods are exerting a heavy economic toll, with losses estimated at between $3.79 billion and $9.12 billion and annual spending on damaged infrastructure reaching roughly N880 billion (about $644 million), according to the latest macroeconomic outlook from Financial Derivatives Company (FDC). The report attributes most of the damage not to the weather itself […] The post Nigeria’s recurring floods: Up to $9.12bn lost, N880bn needed for repairs —FDC Report appeared first on Tribune Online.
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