Nigeria Commits to Mobilize $500m Climate Investment Platform
Nigeria’s federal government has unveiled a country-led initiative designed to mobilize up to $500 million in climate finance for infrastructure, resilience and adaptation projects.
It is called Nigerian Climate Investment Platform (NCIP),
The minister of finance and coordinating minister of the Economy, Mr. Wale Edun, led a high-level delegation from the Nigeria Sovereign Investment Authority (NSIA), the National Council on Climate Change (NCCC), and the Green Climate Fund (GCF), in unveiling the product held in his office in Abuja Thursday.
The Nigerian Sovereign Investment Authority (NSIA), which heads the implementation process of the investment fund, he said “has the trust and track record to lead the initiative emphasizing the importance of leveraging climate finance opportunities to drive growth, boost export competitiveness, and support key sectors like agriculture, infrastructure, and digital innovation.”
He added, “The global economic environment demands that we leverage all opportunities—climate finance included—to drive growth, boost export competitiveness, and support sectors like agriculture, infrastructure, and digital innovation, he concluded.