Water Diplomat News Logo
Water Diplomat Logo
Water Diplomat News Logo

Nigeria's Need To Invest In Water Sector


The Nigerian Economic Summit Group (NESG), yesterday, urged the Federal Government to invest at least 1.7 per cent of the country’s Gross Domestic Product (GDP) yearly to prevent water shortage by 2030. Chairman of NESG, Asue Ighodalo, stressed that if Nigeria’s current level of investment and management of water resources remain the same, the country may become a water stressed nation. He said this was due to expanding aggregate demand from increasing population and increased economic activities, which would negatively affect lives, businesses and the economy.