The Secretary to the Government of the Federation (SGF), George Akume, has emphasized Nigeria’s critical need for a $177 million investment to fulfill its commitments under the Paris Agreement. Speaking at a national workshop on climate change, Akume stressed the importance of mobilizing climate finance to combat global warming.
The workshop focused on the outcomes of the 28th Session of the Conference of Parties to the UN Framework Convention on Climate Change (UNFCCC-COP28) and underscored the pivotal role of climate finance in addressing climate change. Akume emphasized the need to integrate climate considerations into all sectors and policies through a holistic government approach.
He identified internal financial resources as a cornerstone in the fight against climate change and called for comprehensive reforms to bolster revenue collection and promote fiscal transparency. The SGF also emphasized the importance of innovative financing mechanisms such as carbon pricing and green bonds to diversify climate finance sources and ensure adequate funding for ambitious climate goals.
The workshop emphasized the importance of partnerships and collaboration between governments, the private sector, civil society, and international organizations in advancing climate action and achieving ambitious targets across various sectors. Minister of Environment, Balarabe Lawali, echoed the urgency of addressing climate change collaboratively and urgently, emphasizing the outcomes of COP28 as pivotal for global environmental efforts.
The workshop provided a platform for stakeholders to engage in purposeful discussions, share innovative ideas, and collaborate on actionable strategies for sustainable development and environmental integrity in Nigeria. The event emphasized the need for bold actions, robust partnerships, and stakeholder mobilization to safeguard the environment and ensure a prosperous future for Nigeria.
Overall, the workshop highlights the urgent need for climate finance to fulfill Nigeria’s commitments under the Paris Agreement. It underscores the importance of innovative financing mechanisms, partnerships, and stakeholder mobilization in addressing climate change and ensuring a sustainable future for Nigeria.
