In a bid to enhance water resource management and improve dam safety nationwide, the Federal Government has put forward a request for a $500m loan from the World Bank.
The loan is aimed at tackling water security challenges in the country and bolstering agricultural productivity under the Sustainable Power and Irrigation for Nigeria Project.
Outlined in a Project Information Document by the World Bank, the SPIN project will zero in on important focus areas such as institutional strengthening, irrigation modernization, dam operations and safety enhancements, as well as project management.
The planned approval date for the SPIN project is set for September 26, 2024. Efforts will be concentrated on fortifying federal and state bodies responsible for water resource management.
This includes formulating national dam safety guidelines, providing training for water resources and irrigation management, and devising an exhaustive hydropower master plan.
