Renowned economists from within and beyond the Nile Basin are in Entebbe, Uganda for a two-day forum aimed at taking stock and exchanging experiences in integrating economic perspectives for efficient water resources management in the Nile Basin.
The forum, operating under the theme, "Dealing with economics of water resources management in a shared river basin" is organized by the NBI Secretariat with support from GIZ and the International Food Policy Research Institute (IFPRI).
Speaking at the opening ceremony of the Forum, Guest of Honour, Nile Technical Advisory Committee chairperson, Florence Adongo, in her remarks, appreciated the idea of the forum in the region. She was represented by Jackson, Twinomujuni, Commissioner for International and Transboundary Water Affairs in Uganda's Ministry of Water and Environment.
“I expect the forum will make a compelling case for Nile Basin countries to invest in their decision-making processes and tools integrating economic principles for more sustainable and efficient management of their shared water resources to meet the needs of the present population and the generations to come,” she said.
The NBI Secretariat Executive Director, Eng. Innocent Ntabana, said economic analyses play a vital role in water resources strategic analysis.
“Incorporating the economic key dimensions is essential for optimizing water uses, making better utilization of the available water and the related resources, and devising a robust water management framework that not only advances our strategies and practices but also ensures improved living conditions basin wide,” he said.
The forum has brought together eminent economists and NBI governance members all focused on the economics of water resources development and management in the Nile Basin.