Editor
By Fatima Saka
Ahead of Cop29, the federal government of Nigeria has revealed that Nigeria revised Nationally Determined Contribution (NDCs) projected needs $177 million in investments by 2030 to meet Paris Accord commitments.
The Secretary to the Government of the Federation of Nigeria, Sen. George Akume made this statement on Tuesday in Abuja during his keynote address at a day National Workshop: Review of the Outcomes of the 28th Session of the Conference of Parties to the United Nations Framework Convention on Climate Change (UNFCCC-COP28).
The workshop focused on internal finance mobilization, greening the national budget, and the leadership role of the government in addressing climate change.
The Secretary of the federation emphasized outcomes of COP28 and needs for global climate ambition, adaptation efforts, and financial support for climate action in Nigeria.
He reiterated that the country’s commitment to the Paris Agreement and the mobilization of climate finance were highlighted as crucial steps in combating climate change.
Akume stressed the importance of integrating climate considerations into all sectors and policies through a whole-of-government approach.
“Internal financial resources were identified as a fundamental pillar in the fight against climate change, requiring comprehensive reforms to enhance revenue collection and promote fiscal transparency.
“The greening of the national budget was emphasized as essential for prioritizing sustainability and combating climate change effectively.
He called for innovative financing mechanisms, such as carbon pricing and green bonds, to diversify climate finance sources and ensure adequate funding for ambitious climate goals. “Integrating climate finance into the budgetary framework was highlighted as crucial for promoting climate-resilient infrastructure, sustainable agriculture practices, and clean technologies.
“The significance of partnerships and collaboration between governments, the private sector, civil society, and international organizations was emphasized to advance climate action and achieve ambitious targets across various sectors.”
In his opening remarks, the Minister of Environment Balarabe Abbas Lawal emphasized on the importance of addressing climate change urgently and collaboratively.
The minister said outcomes of COP 28 are very crucial for global environmental efforts, focusing on mitigation, adaptation, finance, and transparency.
He added that Nigeria, like other nations, is experiencing the impacts of climate change and must take action for a sustainable future. “The workshop aims to facilitate dialogue, exchange ideas, and develop strategies for sustainable development and environmental integrity in Nigeria.
“Active participation, questions, and cooperation are encouraged to drive meaningful change and preserve natural resources.”
The Minister expressed gratitude for attendees’ dedication to environmental conservation and urged collective efforts for a greener, more sustainable Nigeria. “The workshop serves as a platform for stakeholders to engage in purposeful discussions, share innovative ideas, and collaborate on actionable strategies.”
He further highlighted the needs for bold action, robust partnerships, and stakeholder mobilization to safeguard the environment and ensure a prosperous future. Attendees are encouraged to work together towards meaningful change and a thriving ecosystem.
