NDMA, in collaboration with ADRiFi and the World Bank, has recently concluded a two-day workshop on developing a disaster risk financing strategy and regulations to foster a culture of safety and resilience through capacity development. NDMA’s engagement with ADRiFi and ARC has brought to light the main challenges, including product review, strategy, regulatory awareness, and understanding of insurance products, inadequate infrastructure, and premium payments. Sanna Dahaba, executive director, in his opening remark, emphasized how pragmatic it would be to adopt a disaster risk layering approach to mitigate the financial impact of disaster events of different occurrences. He also stated the need to build on what currently exists to make the country better prepared and respond to weather and all related disaster issues, which were reviewed in the NDMA policy outlining vision and mission for disaster risk reduction with a set of priority actions to guide its strategies. He went on to reaffirm the government’s commitment to sustain the gains made and urged everyone to make available the information needed, especially in identifying the gaps, as the disaster risk diagnostic report alone would not be sufficient.
