Close Menu
MarketForces AfricaMarketForces Africa
    What's Hot

    Oando Breaches N40 Support on Pre-Earnings Sell Pressure

    July 27, 2026

    H1 2026: FCMB Group Sustains Performance, Reports 99% Growth in Profit Before Tax to ₦157.3 Billion

    July 27, 2026

    Recapitalisation Deadline: 70% Insurers Meet Requirements- NIA Chairman

    July 27, 2026
    Facebook X (Twitter) Instagram
    Trending
    • Oando Breaches N40 Support on Pre-Earnings Sell Pressure
    • H1 2026: FCMB Group Sustains Performance, Reports 99% Growth in Profit Before Tax to ₦157.3 Billion
    • Recapitalisation Deadline: 70% Insurers Meet Requirements- NIA Chairman
    • Nigerian Naira Hovers at N1,362 as CBN Drives 50% of FX Liquidity
    • Linkage Assurance Finalises N16.2bn Rights Issue
    • Transcorp Power, Access Holdings Selloffs Drag NGX Index Lower
    • BEAT- Audiera Gains 24% in 24Hours Ahead of Major Token Unlock
    • South African Rand Firmer on Improved Global Risk Sentiment
    • Home
    • About Us
    Facebook X (Twitter) Instagram LinkedIn WhatsApp TikTok Telegram
    MarketForces AfricaMarketForces Africa
    Subscribe
    Tuesday, July 28
    • Home
    • News
    • Analysis
    • Economy
    • Mobile Banking
    • Entrepreneurship
    MarketForces AfricaMarketForces Africa
    MarketForces Africa » MarketForces News » How Agency Spends N81.2b to Plant Trees – Reps

    How Agency Spends N81.2b to Plant Trees – Reps

    Marketforces AfricaBy Marketforces AfricaAugust 31, 2023 News No Comments3 Mins Read
    How Agency Spends N81.2b to Plant Trees – Reps
    Abbas Tajudeen, Speaker, House of Reps
    Share
    Facebook Twitter LinkedIn Pinterest Email Tumblr Reddit Telegram WhatsApp Copy Link

    How Agency Spends N81.2b to Plant Trees – Reps

    The House of Representatives Ad hoc Committee investigating the utilisation of ecological funds released to the National Agency for the Great Green Wall (NAGGW) has uncovered N81.2 billion allegedly spent to plant 21m trees in 11 states.

    The investigation is from 2015 till date. Rep. Isma’ila Dabo, the committee chairman in Abuja, decried the persistence of environmental challenges despite funds put into the programme.

    He said the funds put in by the Federal Government and international partners necessitated the investigation. He said the committee would embark on, an on-the-spot assessment tour of all the projects executed under this scheme to ascertain the claims.

    He said the committee was not out to scandalise any individual or organisation but only to ensure that public funds were utilised for the purpose they were given.

    “We will not shy away from pointing fingers where necessary, not out of personal animosity but simply in the national interest of our nation.”

    The News Agency of Nigeria (NAN) reports that the 11 states where the trees are planted are: Kebbi, Sokoto, Zamfara, Katsina, Kano, Jigawa, Bauchi, Gombe, Adamawa, Yobe and Borno.

    The committee expressed displeasure over conflicting financial reports submitted by the Central Bank of Nigeria (CBN) and Office of the Accountant General of the Federation (oAGF) to the committee.

    Piqued by the inability of the agency to substantiate most of the tree planting projects carried out so far, the committee said 80 per cent of trees planted by the agency did not survive.

    Meanwhile, the documents submitted by the Accountant General of the Federation (AGF), Mrs Oluwatoyin Madein showed that the total sum of N19.378 billion was released from the derivation and Ecology Accounts to the agency from Feb 2019 to date.

    Responding to questions from the committee, NAGGW Managing Director, Dr Yusuf Bukar, said the Great Green Wall Act was signed by Mr. President in 2015.

    He said it enabled the agency to implement the Nigerian component of the programme as an initiative of the African Union being implemented in 11 African countries.

    This according to him, this is to address the problem of land degradation, desertification, drought, climate change and livelihood of affected communities.

    He said the agency planted 1 million trees in Borno, Yobe and other states, adding that N2.4 billion was released in the first phase and N7.3 billion was released in the second phase.

    He added that the funds accruing into the agency’s account included 15 per cent of the ecological fund for the Great Green Wall, contribution of funds from the natural resources development fund and gifts.

    Others include loans and grants in aid from national bilateral, multilateral organisations and donors, international and development agencies, and individuals. He said that the agency often got funds from donor agencies; however, he did not provide relevant documents on the amount received so far. How Agency Spends N81.2b to Plant Trees – Reps

    Bonds Yield Rises 20bps Amidst Mixed Expectations

    AGENCY Environment FUNDS
    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Marketforces Africa
    • Website
    • Facebook
    • X (Twitter)
    • Instagram
    • LinkedIn

    MarketForces Africa, a Financial News Media Platform for Strategic Opinions about Economic Policies, Strategy & Corporate Analysis from today's Leading Professionals, Equity Analysts, Research Experts, Industrialists and, Entrepreneurs on the Risk and Opportunities Surrounding Industry Shaping Businesses and Ideas.

    Keep Reading

    Oando Breaches N40 Support on Pre-Earnings Sell Pressure

    H1 2026: FCMB Group Sustains Performance, Reports 99% Growth in Profit Before Tax to ₦157.3 Billion

    Recapitalisation Deadline: 70% Insurers Meet Requirements- NIA Chairman

    Nigerian Naira Hovers at N1,362 as CBN Drives 50% of FX Liquidity

    Linkage Assurance Finalises N16.2bn Rights Issue

    Transcorp Power, Access Holdings Selloffs Drag NGX Index Lower

    Add A Comment

    Comments are closed.

    Editors Picks

    Oando Breaches N40 Support on Pre-Earnings Sell Pressure

    July 27, 2026

    H1 2026: FCMB Group Sustains Performance, Reports 99% Growth in Profit Before Tax to ₦157.3 Billion

    July 27, 2026

    Recapitalisation Deadline: 70% Insurers Meet Requirements- NIA Chairman

    July 27, 2026

    Nigerian Naira Hovers at N1,362 as CBN Drives 50% of FX Liquidity

    July 27, 2026

    Linkage Assurance Finalises N16.2bn Rights Issue

    July 27, 2026
    Latest Posts

    Oando Breaches N40 Support on Pre-Earnings Sell Pressure

    July 27, 2026

    H1 2026: FCMB Group Sustains Performance, Reports 99% Growth in Profit Before Tax to ₦157.3 Billion

    July 27, 2026

    Recapitalisation Deadline: 70% Insurers Meet Requirements- NIA Chairman

    July 27, 2026

    Nigerian Naira Hovers at N1,362 as CBN Drives 50% of FX Liquidity

    July 27, 2026

    Linkage Assurance Finalises N16.2bn Rights Issue

    July 27, 2026

    Subscribe to News

    Get the latest sports news from Dmarketforces Africa about finance, business and tech.

    Advertisement
    Facebook X (Twitter) Pinterest Vimeo WhatsApp TikTok Instagram

    News

    • World
    • Politics
    • Economy
    • Business
    • Opinions
    • Fintech
    • Science & Technology

    Company

    • About us
    • Advertising
    • Classified Ads
    • Contact Info
    • Editorial Policy

    Services

    • Subscriptions
    • Research
    • Due Diligence
    • Newsletters
    • Sponsored News
    • Work With Us

    Subscribe to Updates

    Subscribe to updates from MarketForces Africa, an independent financial news service provider.

    © 2026 MarketForces Africa. All rights reserved.
    • Privacy Policy
    • Terms
    • Accessibility

    Type above and press Enter to search. Press Esc to cancel.