Money

Nigeria secures $4.93bn for climate projects, faces funding gap

DailyTimesNGR DailyTimesNGR 20 January 2025 0

BY MOTOLANI OSENI Nigeria received $4.93 billion for 828 climate-related projects between 2015 and 2021, according to a report by Connected Development (CODE), INKA Consult, and Oxfam International. The report, titled The State of Climate Finance in Nigeria, was unveiled during the launch of

News

Weather Innovation Package Launched As Global Partnership Channels More Than USD 1 Billion to Scale Up Weather Services For Farmers Across Asia, Latin America and Africa

Ihesiulo Grace 14 November 2024 0

At the ongoing COP29 World Leaders Climate Action Summit holding in Azerbaijan, the Agriculture Innovation Mechanism for Scale (AIM for Scale) unveiled its first-ever, groundbreaking Innovation Package, aimed at providing weather information to help farmers adapt to the impacts of climate change. A consortium of global partners (Global Partnership to Scale-Up Weather

Headlines

Nigeria pushes for solutions to climate change at CHOGM 2024

Ihesiulo Grace 28 October 2024 0

.Says it has suffered devastating impact of global disaster .Declares support for institutional reforms at Commonwealth Nigeria has called for urgent and aggressive measures to combat the catastrophic impact of climate change, emphasising that it is a global crisis that demands immediate action. It also restated its support for the preservation of democracy, the protection

Headlines

Climate finance by multilateral development banks hits record $125bn in 2023- Report

DailyTimesNGR DailyTimesNGR 23 September 2024 0

Multilateral development banks (MDBs) including the African Development Bank (AfDB) say their collective financing for climate action hit a record high of 125 billion dollars in 2023. The AfDB in a statement said this was part of the findings from the Joint MDBs report in 2023. The News Agency of Nigeria (NAN) reports that the […]

News

The National Council on Climate change has a new leadership, approved by President Tinubu

Ihesiulo Grace 9 June 2024 0

In accordance with his commitment to actualize Nigeria’s green industrial vision, boost investor confidence, and unlock sustainable economic value through various climate finance instruments, President Bola Tinubu has approved the appointment of Dr. Nkiruka Maduekwe as the Director-General/Chief Executive Officer of the National Council on Climate Change (NCCC) in

News

Reps C’ttee says Climate Change; threat to health, food security, biodiversity

DailyTimesNGR DailyTimesNGR 15 November 2023 0

By Tom Okpe The House of Representatives Committee on Climate Change has said the ugly trend of climate change, isn’t just a distance threat, but a present reality that affects every aspect of lives. The House Committee Chairman, Rep Chris Nkwonta, made this known inaugurating the Committee on Tuesday, at the National Assembly, Abuja. He […]

News

Why climate-swap debt is a bad idea

DailyTimesNGR DailyTimesNGR 15 October 2023 0

By Godwin Anyebe An article in Bloomberg estimates that the market for both public and private climate-swap deals is set to exceed $800 billion. In fact, the swaps are more popular than they’ve ever been, as large banks look to make more ESG-related deals and higher interest rates pressure emerging-market countries to, for instance, renegotiate […]

Capital Market

$3tr needed to address development goals, climate change

DailyTimesNGR DailyTimesNGR 25 September 2023 0

By Godwin Anyebe The International Monetary Fund (IMF) has said that developing economies and emerging markets, including Nigeria, would need a whopping $3 trillion every year for the next six years (2030) to address their development goals and the climate change obligations. It said that amount would be equivalent of about seven per cent of […]

Headlines

Climate change: A threat to business survival, Nigeria’s economic growth

DailyTimesNGR DailyTimesNGR 8 September 2023 0

By Godwin Anyebe Climate change affects everything: from geopolitics to economies to migration. It shapes cities, life expectancies and wine lists. In fact, The projections of a climate change-impacted future are not inevitable. Many of the problems and solutions are known to the world, and ongoing research continues to provide new ones. Experts believe that […]

Headlines

Nigeria, others need $500b to cushion impact of climate change -UN

Ihesiulo Grace 6 September 2023 0

By Godwin Anyebe There are indications that Nigeria and other emerging African economies may benefit from a potential annual $500 billion fund to assist developing countries invest in their lives, livelihoods and infrastructure to reduce the impact of climate change in their countries. United Nations (UN) Secretary General, Antonio Guterres yesterday spoke on the proposed

Politics

Climate change: House urge FG to implement carbon credit scheme

Ihesiulo Grace 25 May 2023 0

By Tom Okpe The House of Representatives has called on the Federal Government to direct the National Council on Climate Change in collaboration with relevant ministries to immediately, implement impact of climate change in the country with a view to reduce the effect. The Carbon Credit is a policy where industries are encouraged to reduce […]

Headlines

FG seeks more foreign support for climate action in Nigeria

Ihesiulo Grace 22 February 2023 0

By Ukpono Ukpong The Federal Government has asked for more foreign support for climate action in Nigeria, saying it affects oil and gas, which is the mainstay of the country’s economy. Minister of Labour and Employment, Sen. Chris Ngige said this in his office at the inauguration of the Initiative for Climate Action Transparency (ICAT) […]

News

Between Emerging Markets and Climate Change

Ihesiulo Grace 12 February 2023 0

By Godwin Anyebe The devastating impact humanity is having on the planet is quickly passing the point of no return, and if decisive and quick action isn’t taken soon, it could reach a point where Planet Earth is uninhabitable in no distance time. The world can only hope that the UN’s damning report has prompted […]

News

Why emerging markets need billions in climate funding -Report

Ihesiulo Grace 6 November 2022 0

By Godwin Anyebe Demands from developing countries for richer nations to help them pay for the damage caused by climate change and fund the shift towards a low-carbon future look set to dominate the ongoing global climate talks in Egypt. Despite repeated calls for more help, actual financing offered to date has come nowhere near […]

News

Nigeria supports global action on Paris climate agreement, says Buhari

Ihesiulo Grace 24 April 2021 0

President Muhammadu Buhari has assured the international community of Nigeria’s readiness to mobilise relevant stakeholders towards climate action, as well as support for regional, continental and global multilateral initiatives on attaining the objectives of the Paris Agreement. The Nigerian leader, who gave the assurance at a virtual Leaders Summit on Climate, on Friday,

Foreign

Climate protesters go online amid coronavirus pandemic

Ihesiulo Grace 24 April 2020 0

Climate activists and school children across the world went online on Friday in a global climate strike, a move prompted by the novel coronavirus pandemic that has banned large gatherings of people. “Unfortunately, Covid-19 has put the world on hold, and we must adapt,” the climate movement Fridays for Future said. Last year, several global protests […]

News Nigeria

Climate change: ACRP provides solar panel to FCT schools

Ihesiulo Grace 17 July 2018 0

African Climate Reality Project (ACRP) has provided solar panels to supply electricity to power four classrooms in Government Secondary School (GSS), Yaba in Abaji Area Council in the Federal Capital Territory (FCT) Nigeria. Mr David Michael, a Climate Reality Leader who disclosed this during the presentation and Installation of the solar system in Abuja noted […]

Headlines News

Climate change: Buhari calls for international support to mitigate effect

Ihesiulo Grace 13 December 2017 0

President Muhammadu Buhari has appealed to the international community to support Nigeria’s commitment to reducing the negative effects of climate change. Buhari made the appeal to the One Planet Summit on Tuesday in Paris during his submission at the summit attended by over 60 Heads of State and Governments, as well as representatives of non-governmental […]

News

CSO’s urges President Buhari to wade into Gov. Ayade proposed Superhighway project

Ihesiulo Grace 12 November 2017 0

* Says project violate relevant laws *About 185 communities will be affected if project is allowed A coalition of about five civil society groups has drawn the attention of president Muhammadu Buhari to the irregularities and violations of the laws of the Federal Republic of Nigeria in the proposed Superhighway project of the Cross River […]

World

President Trump Not Invited to Paris Climate Change Summit

Ihesiulo Grace 8 November 2017 0

President Donald Trump, who pulled the U.S. out of the 2015 Paris climate agreement, is reportedly “for the time being” not invited to the climate change summit that will be held later this year in France. More than a hundred countries, as well as non-governmental organizations, have been invited to the December 12 summit in […]