Home News Reps Will Inquire Into Ecological Fund Management From 2010 to March 2022

Reps Will Inquire Into Ecological Fund Management From 2010 to March 2022

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The House of Representatives, has instructed its Committee on Ecological Fund to investigate the total accruals into the Ecological Fund in the last 12 years as well as analyze the allocation of the fund according to the provision of the legislation.

The committee must also assess how the Ecological Fund was used from March 2010 to March 2022 in accordance with the 1999 constitution’s requirements.

The committee will hold open hearings with all significant stakeholders regarding the effective and efficient use of the Ecological Fund, and it will then submit a report for future legislative action within six (6) weeks.

The decisions came after an Hon. Femi Bamisile-sponsored motion on the necessity of looking into the complete consolidation accrual and utilization of the Ecological Fund.

He stated that “the Ecological Fund was established by the Federal Government of Nigeria as an intervention fund to address numerous ecological concerns throughout the nation.”

The Federal Allocation Committee (FAC) distributes cash as shares from the Ecological Fund to the Federal Government, the 36 States of the Federation, the 774 Local Government Areas, and the Federal Capital Territory.

The National Emergency Management Agency (NEMA), by virtue of Section 13(2) (b) of its Act, draws 20 percent, the National Agency for the Great Green Wall (NAGGW), by virtue of Section 12 (2) (b) of its Act, draws 15 percent, and the Environmental Protection Agency (EPA) draws funds from the 1 percent share of the Federal Government allocated to ecology and derivation fund, in accordance with their respective enabling laws. While the National Agricultural Land Development Authority (NALDA) gets 10% under Section 18 (2) (a) of its Act and the North-East Development Commission (NEDC) draws 10% under Section 14(12) (b) of its Act, respectively.

“Attempts to hold Ecological Fund recipients accountable for accrued pooled funds over the past few years have been ignored.”

The Deputy Speaker, Hon. Idris Wase, said there had been concerns about how the fund was used in his contribution to the discussion.

He urged the committee to conduct a comprehensive probe as a result.

The House adopted the resolution and instructed the Committee to convene public hearings with all significant stakeholders on how to use the Ecological Fund effectively and efficiently. The Committee was instructed to report back within six weeks for additional legislative input.

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