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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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PHOTOS & VIDEO: Fire razes part of Ogun free trade zone, Igbesa

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A fire outbreak has occurred at the mattress section of the Ogun–Guangdong Free Trade Zone (OGFTZ), Igbesa, on Sunday.

It was gathered that the fire was triggered by a gas explosion from a foam-producing company in the industrial park.

The incident has reportedly caused chaos and fear among students living around the Obanla axis of the area.

In a video obtained by our correspondent, students were seen running out of their hostels as the thick smoke covered the sky.

An eyewitness, Kuwhede Vincent, a student of the Ogun State Institute of Technology, OGITECH, Igbesa, disclosed that there was a loud noise followed by smoke and fire.

Vincent said, “ It started around 8 am in the morning, we first saw smoke then fire coming from the company.

“The company is very close to my hostel but I don’t think any hostel was affected. We just carried our bag because we don’t know what can happen next”.

He noted that the fire service were on ground to curtail the fire.

Reacting to the incident, President of the Student Union Government in OGITECH, Ilo Fadilu Temitope, in a statement signed by its secretary, Moses Josephine and PRO Segbetin Sunday, and made available to  called for calm among students, urging them to be vigilant, and adhere strictly to safety measures.

Part of the statement reads, “The attention of the Students’ Union Government has been drawn to information reaching us regarding a fire outbreak at the Ogun–Guangdong Free Trade Zone (OGFTZ), Igbesa, which is in close proximity to some student hostels around the Obanla axis.

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“While relevant authorities are reportedly responding to the situation, the Students’ Union deems it necessary to prioritize the safety and well-being of all students.

“In view of this, students especially those residing around Obanla axis and its environs are hereby advised to remain calm but vigilant, and to strictly observe the following safety measures: Avoid unnecessary movement towards the affected area or fire scene, stay indoors where it is safe to do so and keep doors and windows closed if there is smoke in the environment, switch off electrical appliances and gas sources as a precaution.”

As of the time of filing this report, there has not been any official statement on the cause of the incident.

When contacted by our correspondent, the Commissioner of the State’s Ministry of Environment, Ola Oresanya said, “Thanks for the information, I will work on it immediately.”

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Demolition notice: Ogun communities cry out, call for Gov Abiodun’s intervention

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About 15 communities in the Abeokuta South Local Government Area of Ogun State have called for the intervention of Governor Dapo Abiodun over alleged plot to demolish their villages and acquire their land.

The communities include Itori Mogan, Laaki, Jaguna, Ogunu, Paashi, Kumapayi, and Abule Odo of Ijemoland among others.

According to the villagers, the community which is over 300 years was excised by former governor Otunba Gbenga Daniel’s administration.

It was gathered that the state government, through the its Planning and Development Permit Authority, Abeokuta Metro Zonal Planning Office, served a demolition notice with service number 00047932 on the occupiers of Itori Mogan village on Friday, accusing them of contravening the Land Use Act of Ogun State for residing in Hillcrest Estate.

In the demolition notice dated January 9, 2026, the government gave the occupiers three days deadline to vacate the affected villages that fell within its acquisition.

Expressing their displeasure on Saturday, the Baale of Ogunro, Chief Olakunle Bodunde, speaking on behalf of the villages marked for demolition, lamented that the present administration is bent on taking the remaining part of the community for an estate development, while rendering members of the community homeless.

He noted that the matter was in court and despite several meetings with the government, a demolition notice was pasted on their buildings.

He said, “We have taken significant steps to address this issue. We had meetings with the government, and now the matter is in court.

“We have served them, and the government has been notified, but they are not showing up in court, and now they have come to paste demolition notices on our buildings.

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“We want things to be done with due process. The court has not made a pronouncement yet.”

Also speaking, Chief Oludare Salako, the Baale of Itori Mogan, said the communities have different ancestral gods which according to him cannot be relocated, saying that forceful eviction could spell danger.

He appealed to the state governor to intervene, expressing the belief that he may not be aware of the incident.

“We want Governor Dapo Abiodun to intervene, as we believe he may not be aware of these alleged land grabbers in his government. We want him to look critically into the matter and stop their actions,” Salako added.

The Aro of Egbaland and Oluwo of Ijemo, High Chief Oluyinka Kufile, urged the villagers to engage in dialogue with the government and be hopeful.

“If you have a right, no government will stop you from exercising your right. So my advice is to dialogue.

“We have signed pacts with the present government on some particular land and villages. Go there, visit the office, and make inquiries. Why again are they trying to take back the land,” he said.

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Full List Of Countries Nigerians Travel To Without Visa

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Nigerian passport holders can now travel to 45 countries worldwide without obtaining a visa in advance, according to the latest update from Visaindex.

The development significantly eases international travel for Nigerians, providing broader options for tourism, business, education and family visits.

Of the 45 destinations, 27 countries allow visa-free entry for Nigerian citizens, while the remaining operate visa-on-arrival or Electronic Travel Authorisation (eTA) regimes. Entry conditions vary by country, but the update signals an expansion of global mobility opportunities for Nigerians.

Several African nations have adopted open-border policies aimed at boosting regional integration, trade and tourism.

The Gambia – Since 2019, the country has declared itself a visa-free zone for all African travellers, extending the policy to Commonwealth nations, the European Union, and select Baltic states.

Benin – Inspired by Rwanda, Benin lifted visa restrictions for all Africans in 2019, strengthening its position as a commercial and transit hub in West Africa.

Kenya – In October 2023, President William Ruto announced the removal of visa requirements for all African visitors to enhance trade, tourism and continental connectivity.

Rwanda – Since November 2023, Rwanda has granted visa-free entry to all Africans without fees, reinforcing its reputation as a leading tourism and conference destination.

Ghana – Ghana recently joined the visa-free league for Africans, a move expected to attract investors, tourists and business travellers as it positions itself as a regional hub.

Other Visa-Free Or Easy-Access Destinations

Nigerian passport holders can also access the following countries either visa-free, via visa-on-arrival, or through eTA arrangements:

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Barbados

Burkina Faso

Cameroon

Cape Verde

Chad

Cook Islands

Côte d’Ivoire

Dominica

Fiji

Guinea

Guinea-Bissau

Haiti

Kiribati

Liberia

Mali

Micronesia

Montserrat

Niger

Saint Kitts and Nevis

Senegal

Sierra Leone

Togo

Vanuatu

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