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Investor Presentaiton

CONCEPT AND MEANING OF EIA The EIA process was first institutionalized and signed into law in the United States in early 1970. Agenda 21, an outcome of the United Nations Conference on Environment and Development (UNCED) provides that: "Environmental Impact Assessment as a national instrument shall be undertaken for proposed activities that are likely to have a significant adverse impact on the environment and subject to a decision of a competent authority”. While the EIA was passed into Law in the United States as a result of public concerns on the negative impacts of industrialization on the environment, the Agenda 21, to which Nigeria is a signatory, was the spring board to the promulgation of the EIA Act 1992 now CapE12, LFN, 2010. EIA is conducted to ensure that potential problems are foreseen and addressed at an early stage in the project planning and design. In other words, EIA is a proactive assessment of the likely consequences of the project on the environment, the people and the inherent biodiversity Environmental Decree No. 86 of 1992 governs E(SH)IA process and makes E(SH)IA mandatory for development projects that are likely to have adverse impacts on the environment. Furthermore, in compliance with the Act CAP E12, Laws of the Federation of Nigeria (LFN) (2004) ESIA act confers the mandate to implement the ESIA study on the Federal Ministry of Environment (FMEnv).
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