World Bank says $150 bil­lion a year needed for clean wa­ter

Financial Nigeria Magazine - - Finance -

Coun­tries need to quadru­ple spend­ing to $150 bil­lion a year to de­liver uni­ver­sal safe wa­ter and san­i­ta­tion, help­ing to re­duce child­hood dis­ease and deaths while boost­ing eco­nomic growth, said a new World Bank re­port.

In­vest­ments should be bet­ter co­or­di­nated and tar­geted to en­sure ser­vices reach the most vul­ner­a­ble, and gov­ern­ments need to en­gage the pri­vate sec­tor more closely to meet the high costs, the re­port coun­sels.

The high cost of clean wa­ter risks jeop­ar­diz­ing the abil­ity of coun­tries to meet the SDG of pro­vid­ing ac­cess to safe and af­ford­able san­i­ta­tion for all by 2030, said the World Bank.

More than three quar­ters of those with­out piped wa­ter sup­plies live in ru­ral ar­eas, where only 20 per­cent have ac­cess to “im­proved san­i­ta­tion.”

In cities, poor peo­ple are up to three times less likely to have piped wa­ter than peo­ple in bet­ter off ar­eas. Nige­ria pro­vided piped wa­ter to fewer than 10 per­cent of city dwellers in 2015, down from 29 per­cent 25 years ear­lier. “Wa­ter and san­i­ta­tion ser­vices need to im­prove dra­mat­i­cally or the con­se­quences on health and well-be­ing will be dire,” said Rachid Ben­mes­saoud, Nige­ria coun­try di­rec­tor for the World Bank.

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