PRE AND POST DISASTER, NiGERIA A disaster refers to a catastrophe, mishap, calamity or grave occurrence from natural or man-made causes, which is beyond the coping capacity of the affected community. (NPDM) The pre-disaster stage includes prevention, mitigation and preparedness, while the post-disaster stage includes response, rehabilitation, reconstruction and recovery In order to be able to tackle the great challenges posse by climate changes there exist two financial mechanisms to cater for disaster. Pre-disaster and post disaster financial mechanisms. Pre disaster financial mechanism involves insurance schemes, catastrophe bonds, contingent credit, international aids, voluntary mutual arrangement, etc. This financial mechanism can be use and solicit in catering for disasters of any kind. Due to building a resilient city, there arises increase in cost of building a low carbon emission city to reduce the effect of climate change, and in doing this financial ...
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