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Boost climate action funding, Tinubu urges World Bank, IMF

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President Bola Tinubu has called on the World Bank, International Monetary Fund (IMF), and African Development Bank (AfDB) to scale up financing for climate action.

Tinubu, represented by Vice-President Sen. Kashim Shettima, made the call at a Climate Summit during the 80th Session of the United Nations General Assembly (UNGA) in New York, United States.

The president stated that the climate emergency demands not just words, but courageous and sustained leadership.

Tinubu said Nigeria was mobilising $20 to $25 billion in climate finance by 2030, including green bonds, blended finance, and public-private risk-sharing mechanisms.

He called on global partners to scale up concessional finance, knowledge sharing, and technology transfer to accelerate not just Nigeria’s transition, but Africa’s contribution to a safer, more sustainable world.

He said, “We aim to unlock at least $7 to $10 billion in grants and concessional finance from global partners, while promoting technology transfer, regional energy integration, and green entrepreneurship to drive inclusive growth. For Nigeria, a country acutely vulnerable to climate impacts, climate action is not a choice; it is an existential necessity.

“To mobilise resources, we have undertaken significant domestic reforms. We have simplified and modernised our tax laws to ease compliance, removed unproductive fossil fuel subsidies, reduced burdens on households and businesses, and enhanced revenue efficiency. At the same time, we are strengthening our business environment through legislation and policies that improve the ease of doing business. This is to attract private capital and expand opportunities for investment in clean energy and sustainable infrastructure.”

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Tinubu said that in March 2025, Nigeria launched the Nigeria Carbon Market Activation Policy, establishing a robust framework for high-integrity emissions reductions.

He added, “This positions Nigeria as a credible hub for Article 6, Voluntary, and Compliance carbon markets. Through this mechanism, our target is to mobilise up to $2.5 billion by 2030 in high-quality credits and related investments.

“We are under no illusion: no country can tackle the climate crisis alone. Like other developing nations, Nigeria requires significant support to implement effective mitigation and adaptation strategies. We therefore call on International Financial Institutions, notably the World Bank, IMF, and African Development Bank, to scale up financing for climate action. Likewise, developed countries must honour their climate finance commitments, including the $100 billion annually pledged under the Paris Agreement.”

He said that as a demonstration of its unwavering commitment, Nigeria had updated its Nationally Determined Contributions (NDC 3.0), in line with UNFCCC guidance.

Tinubu continued, “This enhanced NDC reflects greater ambition, integrating mitigation and adaptation measures to safeguard our people, protect ecosystems, and accelerate inclusive growth. It was formally submitted to the UNFCCC Secretariat on September 21. This NDC 3.0 departs from the business-as-usual approach to an absolute economy-wide emission reduction, our highest ambition level to date.”

The president said the targets were better defined and will be supported by an investment plan to accelerate implementation.

Tinubu added, “Nigeria’s NDC 3.0 commits to significantly increasing mitigation and adaptation ambitions with clearer targets compared to NDC 2.0. Within the LULUCF sector, Nigeria aims to lower the deforestation rate by 60 percent, which offers a substantial mitigation potential of 304.8 MtCO2eq, while also pursuing a mitigation potential of 34.4 MtCO2eq by increasing forest area through reforestation and afforestation.”

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He said Nigeria was increasing the adoption and use of cleaner energy systems, especially in manufacturing and industries.

“We are increasing captive generation capacity using cleaner fuels by installing seven GW, 50 percent renewable and 50 percent natural gas, for a practical Energy Mix Plan on our journey to net-zero by 2060; electrifying key sectors such as public transport and industry. We are also implementing national energy efficiency standards to deliver absolute reductions in energy intensity by 2030.”

The president said that for the first time, “Health” and “Action for Climate Empowerment” have been included as priority sectors in Nigeria’s NDC 3.0, demonstrating its commitment to economy-wide climate governance.

He added that Nigeria was scaling climate-smart agriculture to reach five million smallholder farms by 2030, with a view to increasing yields by 20–30 percent and expanding drought-resistant crops.

“We are building resilient infrastructure, integrating early warning systems, climate-informed urban planning, and resilient housing to reduce climate-related damages by 50 percent. We plan to restore mangroves, forests, and wetlands to enhance carbon sinks by 200 metric tonnes of Carbon Dioxide Equivalent (MTCO2e) cumulatively by 2030, while protecting biodiversity and livelihoods. Nigeria aims to lower the deforestation rate by 60 percent, which offers a substantial mitigation potential of 304.8 MtCO2eq, while also pursuing a mitigation potential of 34.4 MtCO2eq by increasing forest area through reforestation and afforestation,” Tinubu added.

He said that institutionally, Nigeria had established the National Council on Climate Change (NCCC), supported by a cross-ministerial Secretariat, to ensure coherence, accountability, and measurable results.

He reaffirmed that for Nigeria, climate action is not a trade-off between growth and sustainability; it is the pathway to sustainable growth, innovation, security, and shared prosperity.

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Tinubu assured that Nigeria was ready to work with all partners, lead where necessary, and deliver because the time for climate action is now.

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How I Escaped Being Caught In Benin Republic Following Coup Attempt – Dele Momodu Reveals

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2 hours ago

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December 7, 2025

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He also revealed that a Beninese friend, Alex Dalmeida, had already arrived to accompany them across the French speaking borders, but was subsequently informed that the road trip had been cancelled.

Media personality Dele Momodu has recounted how a change of travel plans helped him narrowly avoid being caught in the unfolding coup attempt in Benin Republic, describing the experience as a moment of divine intervention.

In a detailed post shared on Saturday, December 6, Momodu explained that he and his travel companion, Rotimi Obey, son of legendary Nigerian musician Chief Commander Ebenezer Obey, had planned to travel by road to Accra, Ghana, through Benin early that morning, but a delay caused by missing car documents forced a last minute change to air travel.

In his words, Momodu wrote, “OUR GOD DID THIS FOR US… My friend ROTIMI OBEY, the second son of legendary musician, CHIEF COMMANDER EBENEZER OBEY and I were to head out to Accra, Ghana, by road, this morning. All was set and ROTIMI went to bed early so that we can set out at 5am. But something went wrong. Before going to bed, I asked my driver for the originals of my car documents. He said he had only the copies with him. I searched the Home Office in Victoria Island but I couldn’t find it. I then went to the Penthouse in Ikoyi to check my other office. Still no luck. So, I called ROTIMI at 10:38 PM to give him the decision to fly instead of driving. He agreed.”

He also revealed that a Beninese friend, Alex Dalmeida, had already arrived to accompany them across the French speaking borders, but was subsequently informed that the road trip had been cancelled.

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“Meanwhile, my Beninese friend and mentee, ALEX DALMEIDA, was already in town waiting to accompany us through the French speaking borders. So I called him at 23:02 last night to abort our road trip,” Momodu added.

Momodu said flight arrangements were secured shortly before midnight, and it was only when they arrived at the airport that they became aware of the political crisis unfolding in Benin Republic.

“I called PRECIOUS, my travel consultant, to check available flights. She got us tickets at 11:15PM. It was at the airport we received the news of the coup in Benin Republic… We barely missed it by the whiskers…,” he wrote.

Quoting early reports on the takeover, Momodu added, “Soldiers led by Lieutenant Pascal Tigri announce that they have taken over the country. They have suspended all political parties and announced the closure of land, sea and air borders. Benin is one of West Africa’s most peaceful countries.”

He further noted the political backdrop to the upheaval, stating, “The Benin’s President changed the constitution just last month to allow him extend his presidential term, this morning the military has overthrown him.”

He wrote: “OUR GOD DID THIS FOR US…

My friend ROTIMI OBEY, the second son of legendary musician, CHIEF COMMANDER EBENEZER OBEY and I were to head out to Accra, Ghana, by road, this morning. All was set and ROTIMI went to bed early so that we can set out at 5am. But something went wrong. Before going to bed, I asked my driver for the originals of my car documents. He said he had only the copies with him. I searched the Home Office in Victoria Island but I couldn’t find it. I then went to the Penthouse in Ikoyi to check my other office. Still no luck. So , I called ROTIMI at 10:38 PM to give him the decision to fly instead of driving. He agreed.

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Meanwhile, my Beninese friend and mentee, ALEX DALMEIDA, was already in town waiting to accompany us through the French-speaking borders. So I called him at 23:02 last night to abort our road trip.

I called PRECIOUS, my travel consultant, to check available flights. She got us tickets at 11:15PM. It was at the airport we received the news of the coup in Benin Republic… We barely missed it by the whiskers..

“Soldiers led by Lieutenant Pascal Tigri announce that they have taken over the country. They have suspended all political parties and announced the closure of land, sea and air borders. Benin is one of West Africa’s most peaceful countries.”

“The Benin’s President changed the constitution just last month to allow him extend his presidential term, this morning the military has overthrown him.”

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Benin Republic Govt Provides Fresh Update On Attempted Coup, Says Plotters On Run, Some Arrested

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3 hours ago

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December 7, 2025

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He added that some members of the group have already been arrested after security forces stopped the attempted takeover.

According to a new update from Nigeria’s Presidential spokesman, Bayo Onanuga, authorities in Benin Republic have confirmed that Colonel Pascal Tigri, the leader of Sunday’s attempted mutiny, is now on the run.

According to him, “The latest report from the Benin Republic said Colonel Pascal Tigri, the leader of the mutineers who seized the country’s National TV on Sunday, is on the run.”

He added that some members of the group have already been arrested after security forces stopped the attempted takeover.

Benin’s Interior Minister, Alassane Seidou, appeared on national television to announce that the situation had been brought under control.

He explained what happened on Sunday morning.

He said, “Early on Sunday morning, 7 December 2025, a small group of soldiers launched a mutiny aimed at destabilising the state and its institutions.

“Faced with this situation, the Beninese armed forces and their leadership, true to their oath, remained committed to the republic. Their response allowed them to retain control of the situation and foil the attempt.

“The government therefore urges the population to go about their activities as normal.”

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Terrorism: French President, Emmanuel Macron Reveals Details Of His Phone Call With Tinubu

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3 hours ago

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December 7, 2025

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The French President, Emmanuel Macron revealed that he spoke with Nigerian President, Bola Tinubu.

France’s President, Emmanuel Macron, has disclosed that he has spoken with Nigerian President Bola Tinubu.

According to Macron, the conversation centered around the threat of terrorism in Northern Nigeria.

He affirmed to Tinubu that the French people stand in solidarity with the African nation.

Macron also made it clear “no one can remain a spectator” in the fight against terrorists.

He wrote on X: “I spoke with President Tinubu of Nigeria, @officialABAT.

“I conveyed France’s solidarity in the face of the various security challenges, particularly the terrorist threat in the North.

“At his request, we will strengthen our partnership with the authorities and our support for the affected populations. We call on all our partners to step up their engagement.

“No one can remain a spectator.”

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