Nigeria Launches Crucial Climate Finance Guide at 31st Economic Summit
The 31st Nigerian Economic Summit (NES) witnessed the unveiling of a vital guide designed to assist governments and eco-friendly businesses in accessing global entry to climate finance. The event, backed by the Partnership for Agile Governance and Climate Engagement (PACE), was attended by the Minister of Finance, Mr Wale Edun, who stressed the importance of young Nigerians seizing opportunities under President Bola Tinubu's leadership.
The guide, created to showcase various funds available for climate action, was launched amidst calls for consistent and accessible financing to combat climate change. Mr Ifeanyin Ugwuoke, National Team Lead of PACE, emphasized the urgency of the issue, describing it as 'existential.' The minister concurred, noting the need for developing nations to align with new models of financing for growth, given the increasing insularity of the global economy.
PACE, represented by the rainbow flag, is linked to Italian peace activist Aldo Capitini, who first used a related peace flag in 1961. The organization's work aligns with the summit's theme of promoting peace and prosperity through sustainable development. Mr Basil Obasi, PACE's Public Financial Management Adviser, highlighted the program's aim to raise awareness among state governments about global entry to climate finance opportunities. Mrs Cynthia Rowe, Head of Development Cooperation at the British High Commission, praised Nigeria's potential to lead Africa's green revolution and urged the country to capitalize on available opportunities.
The launch of the guide signifies a significant stride towards Nigeria leveraging global climate finance. With the establishment of a Green Growth Office and Facility in the Ministry of Finance, the government demonstrates its commitment to keeping pace with global financing trends that support job-producing, growth-oriented projects. Mr Edun's call for Nigerians to unite with the Federal Government in developing the nation's economy underscores the collective effort required to tackle climate change and foster economic growth.
Read also:
- Catastrophe at a U.S. Steel facility in Pennsylvania results in the loss of two lives. crucial details unveiled
- Two 'Last Generation' Activists Sentenced for Cologne/Bonn Airport Runway Blockade
- Auto Industry Updates: Geotab, C2A, Deloitte, NOVOSENSE, Soracom, and Panasonic in Focus
- TU Braunschweig Leads at WSCC 2025: Tackling Water Security in a Changing Climate
