Oyo Gets N36bn World Bank Loan To Tackle Flood

Oyo State has been granted a $200 million
(N35.5 billion) loan by the World Bank, to
enable it tackle the challenges posed by

flood.
The State government is also supporting the
project aimed at being proactive against
future disasters, with $20 million (N3.6
billion). This will also make funds available
to compensate victims of the flood for the
loss of properties in previous disasters,
especially the August 2011 flooding in the
state.
This was disclosed at a stakeholders meeting
held at the House of Chiefs, Secretariat,
Ibadan.
The project coordinator of Ibadan Urban
Flood Management Project (IUFMP), Dayo
Ayorinde, explained that some of the
challenges that had made the city prone to
flood was the lack of detailed master plan of
the city and this project, among other things,
was aimed at overcoming that challenge.
“The project is a very big one which is set
out to address those infrastructure
challenges which came up as a result of the
flood disaster in 2011. Another important
thing we should stress is that we are not
only going to address the challenges, we
want to go about it with a prepared plan; the
first one is the Ibadan city urban master plan
and the Ibadan urban risk flood management
and drainage master plan; we want to look
at areas that are flood prone,” he said.

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