Nigeria has requested a $500 million loan from the World Bank to tackle its water security challenges and improve dam safety under the Sustainable Power and Irrigation for Nigeria (SPIN) project. This initiative aims to enhance agricultural productivity and bolster water management systems across the country.
The World Bank’s Project Information Document outlines that the SPIN project will concentrate on four key areas: institutional strengthening and capacity building, irrigation modernization, dam operations and safety improvements, and project management.
The project is set to strengthen federal and state institutions responsible for water resource management, develop national dam safety guidelines, and create a comprehensive hydropower master plan. According to the document, “Nigeria faces significant water security challenges, which impact water availability for drinking water, energy, and food production.
“The country has over 400 dams, many of which are in dire need of rehabilitation. The devastating 2022 floods, which caused an estimated $6.7 billion in economic damage, underscored the urgent need for improved dam safety and water management.” It added
As part of the SPIN project, 40,000 hectares of irrigated land will be rehabilitated and modernized. Additionally, Water User Associations will be established and empowered to manage irrigation schemes more efficiently. Priority dams will also undergo rehabilitation and safety enhancements. These measures are expected to improve agricultural productivity, enhance water security, and mitigate the impacts of climate change.
The proposed approval date for the SPIN project is September 26, 2024. If granted, the loan will be a crucial step towards addressing Nigeria’s water security challenges and improving the livelihoods of millions of Nigerians.
