The Federal Government has unveiled the Nigerian Climate Investment Platform (NCIP), a bold step toward mobilizing $500 million in climate finance for infrastructure, agriculture, and resilience projects.
Launched after a high-level meeting in Abuja, the initiative is spearheaded by the Minister of Finance, Wale Edun, alongside the Nigeria Sovereign Investment Authority (NSIA), National Council on Climate Change (NCCC), and the Green Climate Fund (GCF).
Edun expressed confidence in NSIA's ability to manage the platform, calling it a gateway to sustainable economic growth through climate finance. "We must seize global opportunities to boost sectors like agriculture and digital innovation," he said.
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NSIA's DG, Aminu Umar-Sadiq, said the platform aims to attract both local and international investment.
GCF's Soji Omisore stressed that Nigeria needs its own GCF-backed project, while NCCC's DG, Dr. Nkiruka Maduekwe, called for more local entities to get accredited.
NCIP is part of Nigeria's strategy to secure global climate capital and lead Africa's green economy under AfCFTA. Stakeholder collaboration will be key to unlocking its full potential.
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