The Nigerian Government has said that the $10bn will not be enough to prosecute the country’s energy transition as part of measures to mitigate climate change impact in the country.
The country’s Minister of Environment, Mohammed Abdullahi made this known at the ministerial media briefing in Abuja on the focus of Nigeria’s team to the conference of Parties (COP) 27 at Sharm El-Sheikh, Egypt in November.
He said that the country has been able to strike some understanding with African countries to see that in COP27, the issue of African transition is on the front burner, to attract funding.
“That was why part of the case we are going to make, is to see that there is a softening of the conditions for access to these funds,” he was quoted as saying. “Otherwise, African countries will be put in dire stress of trying to transit so quickly”.
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Speaking further, he said, “We are attracting commitments to support our funding needs. And I can assure you $10 billion is not enough to support our transition, especially from infrastructure, transmission distribution”.
The minister who used the occasion to launch the Nigerian logo for the three days event at Sharm El-Sheikh in Egypt to be held between the 6th and 8th of November said that the super-imposition of the Nigerian Logo to the COP27 logo was to drive the determination of Nigeria to push for the successful negotiations of interest of the country.
He noted that the Nigeria team would not adopt a know-it-all approach but would as a leader of the African team cohesively advance the challenge of the continent on ensuring measures that would promote the livelihood of the continent’s population covering energy, health, agriculture, environment etc.
The minister drew attention to the fact that the recent impacts of flooding in Nigeria underscored the urgency to address the issues of climate change globally and COP27 would not be allowed to go as a missed opportunity.
Story was adapted from Nigeria Tribune.
