Investor Presentaiton

Conclusions Environmental Impact Assessment is a veritable and effective tool for achieving sustainable development in Nigeria if properly conducted and coordinated and Nigeria has taken serious steps to develop effective environmental strategies by the promulgation of the E(SH)IA Decree and all the procedural guidelines. Nigeria, E(SH)IA experts and proponents believe that the main objective of E(SH)IA is to enhance sustainable development and to reduce environmental impact from projects, and to help in decision making. To date the success has been rooted in public participation and the legal regulation of E(SH)IA However, There is a growing concern in Nigeria over the scarcity of personnel with appropriate E(SH)IA skills, knowledge and institutional mandate to anchor and drive environmental, social and health impact assessment functions in a coherent and coordinated manner. Also, low competence of authorities and practitioners need to be addressed urgently. E(SH)IA practitioners need to have a thorough knowledge on E(SH)IA procedures and legal requirements, but forecasting the effects and evaluation of the results should be reserved for the recognized experts. To resolve this problem, the EIA Act must be revised appropriately, the EIA process should be adequately funded, more environmental public enlightenment activities should be conducted, EIA reports preparers should be trained, and retrained while effective monitoring activities should be frequently carried out by the regulators

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