By Nneka Nwogwugwu
Dr. Akinwumi Adesina, President, Africa Development Bank Group, has stated that Climate change will pose challenges to Nigeria’s economic resurgence if not properly managed.
As a result of this, “the African Development Bank will mobilize $25 billion in climate finance by 2025 in support of African countries,” Adesina announced.
Adesina said this at the mid-term ministerial performance review retreat in Abuja.
Related Posts
He said, “Climate change has already decimated the whole of the Lake Chad basin. Today, that vast area, which used to provide livelihoods and resources for fisheries, livestock and food production is now littered with patch lands, dried up water beds and scorched earth”.
“Nigeria must decisively tackle climate change.
“Nigeria must prioritize climate adaptation and mitigation actions. It should prioritize the re-charging of the Lake Chad basin.
“It should drive for a just energy transition – with natural gas – to protect its economy, assure energy for industrialization, while reducing greenhouse gas emissions.”
