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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.”

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.”

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.

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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Trump administration cuts energy projects, freezes New York funding

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The Trump administration has announced plans to terminate dozens of clean energy projects and freeze billions of dollars for major projects in New York, intensifying a stand-off with Democrats over a US government shutdown.

US media outlets described the moves announced by the energy and transportation departments as part of the administration’s efforts to pressure Democrats in Congress to agree on a deal to end the shutdown.

US President Donald Trump had raced to enact hard-right policies even before the shutdown began after midnight on Tuesday, threatening mass firings and to slash government departments, and blaming Democrats for Congress’ failure to resolve a funding stand-off.

The Department of Energy announced on Thursday “the termination of 321 financial awards supporting 223 projects, resulting in a savings of approximately $7.56 billion for American taxpayers.”

It said in a statement that those projects — overseen by the Office of Clean Energy Demonstrations, the Office of Energy Efficiency and Renewable Energy and other bodies — “did not adequately advance the nation’s energy needs… and would not provide a positive return on investment of taxpayer dollars.”

However, recipients of federal funding have 30 days to appeal against a termination decision, and some have already begun the process, the statement said.

It did not list the projects in question.

In a post on social media platform X, Russell Vought, who heads the powerful Office of Management and Budget, called the slashed projects “Green New Scam funding” that was used to advance “the Left’s climate agenda”.

He listed the states affected by the decision. They include California, New York and 14 others — all blue states where Trump failed to win in the 2024 presidential elections.

California Governor Gavin Newsom said the Trump administration had decided to cancel “up to $1.2 billion” slated for a major hydrogen energy project, threatening tens of thousands of jobs.

“In Trump’s America, energy policy is set by the highest bidder, economics and common sense be damned,” Newsom said in a statement, vowing to keep pursuing a “clean energy strategy… no matter what DC tries to dictate.”

In New York — the home state of top Senate Democrat Chuck Schumer and House Minority Leader Hakeem Jeffries — the Department of Transportation announced on Wednesday it was freezing nearly $18 billion in federal funding for two major infrastructure projects, the Second Avenue subway and Hudson Tunnel.

The move takes aim at diversity, equity and inclusion policies, according to the department’s statement, saying that subsidizing projects with “race- and sex-based contracting requirements… is unconstitutional, counter to civil rights laws, and a waste of taxpayer resources.”

The funds would be frozen until a “quick administrative review is complete,” it said.

“Thanks to the Chuck Schumer and Hakeem Jeffries shutdown, however, USDOT’s review of New York’s unconstitutional practices will take more time,” it added, saying that the department “has been forced to furlough the civil rights staff responsible for conducting this review.”

New York Governor Kathy Hochul, a Democrat, said in a statement that halting funding for “critical infrastructure projects” was “political payback and an attack on New York.”

“Donald Trump has been clear: he is intent on using his reckless government shutdown to hurt the American people,” she said.

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Shettima returns to Abuja after attending UNGA, meetings in Germany

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Vice President Kashim Shettima has returned to Abuja after representing President Bola Tinubu at the 80th Session of the United Nations General Assembly in New York and high-level engagements in Germany.

The vice president’s aircraft touched down at the presidential wing of the Nnamdi Azikiwe International Airport, Abuja, in the early hours of Thursday, where he was received by senior government officials.

During the week-long engagements, Shettima delivered the President’s national statement at the UNGA, calling for comprehensive reforms of the global body.

Vice President Kashim Shettima is being welcomed some government officials at the airport. Photo: State House

He also advocated Africa’s sovereignty over its estimated $700 billion mineral resources and strengthened Nigeria’s partnerships with the United Kingdom, the Gates Foundation, and other international stakeholders.

In New York, Shettima met with UN Secretary-General António Guterres, who commended Nigeria’s bid for a permanent seat on the UN Security Council.

The vice president also showcased Nigeria’s $200 billion energy transition opportunities to global investors and assured members of the Nigerian diaspora of continued engagement in the Tinubu administration’s policies and programmes.

He later proceeded to Germany for further strategic meetings before returning to the country.

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Lagos unveils artisan certification to curb building collapse

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The Lagos State Materials Testing Laboratory has launched a new certification and training programme for artisans in the construction industry as part of efforts to stem the spate of building collapses in the state.

The initiative, known as the Certified Structural Integrated Programme, was unveiled at a stakeholders’ forum held in Ese-Offin and Badagry, where block moulders, bricklayers, concrete mixers, steel fabricators and welders converged to pledge support for safer construction practices.

In a statement on Thursday by the Lagos Government, General Manager of LSMTL, Olayinka Abdul, said the programme marked a decisive step in tackling recurring tragedies linked to substandard construction materials.

“Without artisans, there is no construction. But with you, we have the power to ensure every construction is safe, sound, and secure. We need to earnestly curb episodes of collapse in high-water-prone communities, and we do not want such in your community. It ends today,” he said.

According to the statement, the CSIP is a five-year assessment programme aimed at certifying construction materials as fit-for-purpose.

It will also produce an official directory of approved block moulders, concrete mixers and steel fabricators, to whom developers will be directed for supplies.

“This is not just about enforcement; it is about partnership and empowerment. Together, we can forge an unbreakable alliance that makes Lagos a model for building safety and integrity,” Abdul added.

Technical experts at the forum highlighted the scientific backing for the initiative. Director of the Soil and Geotechnics Unit, Engr. Abimbola Adebayo, stressed the need for mandatory soil tests before construction.

Similarly, Kayode Akinfeleye of the Technical Services Department advised builders to ensure architectural drawings are obtained and preserved, describing them as “a core requirement in the Lagos building process.”

Artisan guild leaders welcomed the initiative. Chairman of the National Association of Block Moulders of Nigeria, Alhaji Fabiyi Oyeleke, described frequent collapses as “disheartening” and commended the forum as a step in the right direction.

On his part, Chairman of the Lagos State Bricklayers Association, Mr. Fashina Aro, noted the peculiarities of Lagos’s swampy terrain and urged all stakeholders to ensure materials and soil tests are completed before bricklayers commence work on any site.

Building collapse has been a persistent challenge in Lagos, with many lives lost and substantial property damage over the years.

In recent incidents, emergency responders have had to rescue workers from collapsed structures.

PUNCH Online reports that rescue teams pulled eight workers from the debris of a collapsed building in September.

Reports by the Building Collapse Prevention Guild show Lagos accounts for about 55% of recorded building collapse incidents in Nigeria over the past several decades.

In response, Lagos has taken steps to strengthen bodies like the Lagos State Building Control Agency, enhancing enforcement, monitoring, and regulation of building standards.

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