The federal government has revealed that Nigeria lost around $46.681 million from the floods last year.

Affirming this at the public launch of the GRADE Assessment of the 2022 floods in Abuja yesterday, Minister for Humanitarian Affairs, Disaster Management and Social Development Sadiya Umar Farouq said the full estimated cost of economic damage was quantified by a new technology called Global Rabid Host. Damage Estimation by Disaster Assessment (GRADE) was provided by the World Bank.

She said the impact estimate was made from June to November 2022, adding that heavy rains that triggered flooding in many parts of the states left homes damaged or destroyed.

However, he said the 2022 floods were worse than the 2012 floods.

He said that the residential buildings that were destroyed absorbed about $2.237 billion, while the total cost of the destruction of non-residential buildings was $1.376 billion.

He added that for agriculture, the total cost of destruction was around $1.837 billion, while the infrastructure devastated as a result of the flooding was $1.232 billion.

662 dead, more than 2m displaced in 2022 flood – NEMA

“In terms of the number of people affected, it has increased during the season from June to between 4.4 million and 4.9 million people affected on November 25 and 2 percent of the population of the country,” he said.

He said that in terms of buildings destroyed and damaged, significant damage in many states.

He said some of the hardest hit states were: Jigawa, Rivers, Taraba, Cross River and Delta state, adding that more than 650,000 hectares of crops were damaged.