Saturday, April 1, 2023
HomeNewsCOP27: Nigeria Will Focus On Fund Mechanism To Tackle Land Restoration, Reforestation...

COP27: Nigeria Will Focus On Fund Mechanism To Tackle Land Restoration, Reforestation -FG

Published on

Ahead of the forthcoming Conference of Parties 27 (COP27) in Egypt, the Federal Government has said Nigeria will focus on a sustainable funding mechanism that will drive nature-based solutions to mitigate the impact of climate change.

It said the funding mechanism would focus on solutions such as land restoration, reforestation, combating desertification, climate smart-agricultural practices as well as adaptation strategies.

The Minister of Environment, Mohammed Abdullahi, who disclosed this at a press briefing on Nigeria’s preparations for COP27, said the country would also seek collaboration and support on sustainable waste management, renewable and clean energy provision, as well as finance for loss and damage.

“Nigeria will push for developed countries to fulfill financial pledges to support Africa in tackling the climate crisis,” he stated.

Abdullahi said the expected outcomes of Nigeria’s participation would include increased partnership to help Nigeria achieve its emission reduction targets, address adaptation and mitigation, and establish sustainable financing for climate actions, among others.

He said Nigeria would not take a position of ‘know it all’, but would align with the West Africa region’s identification of the thematic issues faced by the continent.

The minister stated that the country would also align with the group’s interim position on doubling adaptation finance by 2025; clarification on the support arrangements to address loss and damage; and closing the climate financing gap.


Others include scaling up Africa’s mitigation ambition and implementation; strengthening the linkage between technology and financial mechanisms; the global stock-take on progress on the Paris Agreement; transparency; gender and climate change; and agriculture.

Abdullahi said there was no doubt that Nigeria’s participation at COP27 in Egypt would demonstrate the country’s continued commitment to addressing the challenges of climate change at both national and sub-national levels.

He said, “Nigeria will align with rest of Africa on items that will support partnership building to help Nigeria achieve its emission reduction targets, including solidifying frameworks for establishing carbon markets, address adaptation and mitigation and establish sustainable financing for climate actions.”

The minister inaugurated Nigeria’s COP27 logo on behalf of the President, General Muhammadu Buhari (retd.), and noted that the logo was a reflection of country’s identity with ideals of COP27.

Source: Punch

Latest articles

Shareholders blame Aso Savings of breach of corporate governance rules, asset stripping inmanagement of Union Homes, Petitions SEC,FRCN and CAC

Key HighlightsShareholders have lodged a petition with the Securities & ExchangeCommission (SEC), Financial Reporting...

Debt trap and incoming administrations (2)

In 2020, one of the reputable national newspapers in Nigeria in its editorial comment...

BREAKING: Court Freezes Abia State Government Accounts Two Months To End Of Ikpeazu’s Tenure

The High Court of the Federal Capital Territory in Apo, Abuja has granted an...

Housing trends shaping the future of residential real estate

India’s residential sector is abuzz with excitement riding the crest of a wave of...

More like this

The Affordable Housing Mirage

In all of the hand-wringing over the lack of “affordable housing” in not only...

BREAKING: Emefiele Begs NLC To Shelve Protest Over Naira Scarcity

The governor of Central Bank of Nigeria, Godwin Emefiele, on Monday appealed to the...

Danger looms in Lagos, 349 buildings in distress, Govt reveals

Danger looms in Lagos As part of the effort to check incessant building collapse...