Nigeria’s 36 states received N39.62bn as ecological fund allocations from June 2023 to June 2024, data from the Federation Account Allocation Committee published by the National Bureau of Statistics showed.
The ecological fund is a crucial part of Nigeria’s federal revenue allocation, specifically designated to address various environmental challenges nationwide, including erosion, desertification, flooding, oil spills, and drought.
Established in 1981, the fund is drawn from the Federation Account at a rate of two per cent, with the primary objective of assisting all tiers of government in tackling ecological problems. The fund’s disbursement process is managed by the Ecological Fund Office, under the Office of the Secretary to the Government of the Federation.
