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FG Set To Disburse ₦6.3bn Interest-Free Loans To 21,000 Flood Disaster Victims
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By Prosper Olayiwola
21,000 Nigerians affected by flood disasters across the country are to benefit from a Federal Government interest-free loan totalling ₦6.3 billion.
The Minister of State for Humanitarian Affairs and Poverty Reduction, Yusuf Sanunu, disclosed this on Monday at a roundtable event to mark this year’s International Day for Disaster Risk Reduction in Abuja.
The event had in attendance Vice President Kashim Shettima, the Deputy Speaker of the House of Representatives, Benjamin Kalu, Governor Dauda Lawal of Zamfara State, lawmakers and international partners among others.
Sununu said the intervention is to mitigate the impact of flooding in the country and address its consequences on food security.
He also disclosed that the Federal Government has also reached 8.1 million households with over ₦300 billion through the Conditional Cash Transfer scheme.
As a ministry, under the Hope Agenda of Mr. President, the Ministry has, through the National Social Investment Agency, has done very well in improving the resilience of the local community. As of today, in terms of conditional cash transfer, over 8.1 million households in Nigeria have been reached with a total sum of over 300 and something billion naira. This has really improved their capacity, improved their health, and education, and the process will continue.
We are also planning, together with both national and state level, to improve on our flood mitigating effect by dolling out, in the next few weeks to come, to 21,000 Nigerians free interest, and also free collateral loan of over 300,000 Naira each. This is to address the issue of crisis in farming so as to mitigate the interest of flooding in Nigeria,” he said.
The Minister further disclosed efforts to empower displaced persons through a scheme that will provide a ready market for their products.
Already, we have planted a program in collaboration with Federal Minister of Agriculture in addressing the food security of internally displaced persons through the collaboration with internally displaced persons in their camp and host community, the formula of giving the internally displaced person 30% of the produce produced by the internally displaced persons, and the government will off-take 70% and the money will be given to the internally displaced persons that participated in the scheme as a cash component,” he said.
Speaking earlier, the Director General of the National Emergency Management Agency, Zubaida Umar, said Nigeria, like many nations, continues to experience increasing frequency and intensity of disasters driven by climate change, conflicts, pandemics, and technological risks.
According to her, these events are testing the limits of traditional emergency response systems and demanding a more proactive, preventive, and well-financed disaster risk management framework.
Zubaida underscored the need to collectively rethink how to fund resilience; to move from reactive, ad-hoc funding of disasters to a multi-stakeholder financing architecture that supports prevention, preparedness, and sustainable recovery.
Your Excellency, this Roundtable also provides the platform for the official launch of two (2) landmark policy instruments that will guide our collective efforts in the years ahead: The NEMA Strategy Plan (2025–2029); The National Disaster Risk Reduction Strategy (2025–2030). These frameworks are anchored on risk-informed development, innovation in financing, and stronger institutional collaboration, ensuring that disaster risk management becomes an integral part of planning across all sectors.
“As we discuss today, our focus will extend beyond emergency management institutions. Resilience must be mainstreamed across sectors from agriculture, water resources, energy, and infrastructure to finance, education, and health.
“In this regard, NEMA is already working with key stakeholders to develop a National Risk Monitoring and Information Platform that will serve as a cross-sectoral system for early warning, vulnerability mapping, and risk-informed investment decisions.
Equally important is the dialogue around innovative financing, exploring instruments such as catastrophe bonds, insurance pools, climate funds, and blended finance models that can sustain risk reduction efforts at scale,” she explained.
The Nigerian National Petroleum Company Limited, NNPCL, has slashed its fuel pump price for the second time within four days.
A market survey on Saturday by DAILY POST showed that NNPCL retail outlets around Airport Junction and Wuse Zone 6 (Berger) in Abuja have reduced their petrol price to N1210 per litre, down from N1260.
This means that the state-owned oil firm slashed the petrol price by N50 per litre.
This comes barely two days after Dangote Refinery reduced its petrol gantry price by N50 to N1,125 per litre.
Recall that four days ago, NNPCL had adjusted its fuel price pump by N75 per litre to N1260.
With the latest drop by NNPCL retail outlets, petrol prices stand between N1210 per litre and N1305 per litre in Abuja and its environs.
The reduction in domestic fuel comes amid falling crude oil prices, which stand at $69 per barrel and $71 per barrel for West Texas Intermediate and Brent crude, respectively, following the easing of the conflict in the Middle East.
Recall that President Bola Tinubu has kept mum amid the clamour by Nigerians for a commensurate drop in domestic fuel pump prices due to the significant reduction in crude oil prices.
The Independent National Electoral Commission, INEC, has said it is yet to receive the Certified True Copy, CTC, of the Federal High Court judgment that set aside an earlier order directing it to register the Nigeria Democratic Congress, NDC, as a political party.
INEC revealed this in a statement issued on Saturday by its Chief Press Secretary and Media Adviser to the Chairman, Adedayo Oketola.
According to the commission, although it is aware of media reports on the judgment delivered by the Federal High Court sitting in Lokoja on June 26, it cannot comment on the ruling until it obtains and reviews the certified copy.
The Independent National Electoral Commission, INEC, is aware of reports circulating in the media regarding the judgment delivered on Friday, June 26, 2026, by the Federal High Court sitting in Lokoja, which set aside an earlier order concerning the registration of the Nigeria Democratic Congress.
“However, as of this moment, the Commission has not yet received the Certified True Copy, CTC, of the court’s order,” the statement said.
INEC stated that its legal department would study the judgment upon receipt of the CTC before advising the commission on the next course of action.
“Once the Commission’s legal department receives and thoroughly studies the CTC of the judgment, INEC will take an informed, lawful decision in line with the court’s directives.
“Until then, we cannot comment on the specifics of the ruling, and the public is urged to await the Commission’s formal position on the matter,” Oketola added.
Justice Isah Dashen of the Federal High Court in Lokoja had on Friday set aside the court’s December 10, 2025, judgment directing INEC to register the NDC as a political party.
The court held that the rights of the Peace Movement Party were affected by the earlier judgment because it was not joined in the suit despite claiming ownership of the logo relied upon in securing the registration order.
Justice Dashen consequently ordered that all parties be restored to the positions they occupied before the December 2025 judgment and directed that the substantive suit be heard afresh with all necessary parties joined.
The NDC has rejected the ruling and announced plans to appeal the decision. Its National Chairman, Senator Moses Cleopas, maintained that the party had not been deregistered and argued that the trial court lacked jurisdiction to revisit a matter on which it had already delivered a final judgment.
The ruling has also attracted reactions from opposition figures, including the NDC’s presidential candidate, Peter Obi, the party’s National Leader, Senator Henry Dickson, and other stakeholders, who described the decision as a threat to Nigeria’s multiparty democracy and vowed to challenge it through all available legal channels.
INEC, however, maintained that it would reserve its position on the judgment until it receives and reviews the Certified True Copy.
A joint police operation rescued five victims abducted near Ogbere Forest in Ogun state on Wednesday.
They were rescued within 25 hours by the Lagos and Ogun Police Commands, which were part of a joint operation codenamed KOSAYE, meaning “No Space” in Yoruba.
The woman was among the victims who were shot in the incident. Her daughter and sister were among those rescued by the police on Thursday.
NNPC slashes petrol price twice within four days
Lokoja Court order: INEC speaks on NDC, says it’s yet to receive CTC
Just in: Police rescue five abductees in Ogun
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