Climate Change: Balancing debt servicing and disaster response
One pressing dilemma that Nigeria faces is how to allocate resources between debt servicing and disaster response in the face of a changing climate.
One pressing dilemma that Nigeria faces is how to allocate resources between debt servicing and disaster response in the face of a changing climate.
The President also approved the deployment of staff from key Ministries, Department and Agencies (MDAs) to the Council to ensure its effective take-off.
Nigerian President Muhammadu Buhari has ordered 12,000 metric tonnes of food items from Nigeria’s strategic reserve for communities affected by catastrophic flooding last week.
“Yet even as the climate crisis accelerates, Africa needs to close its huge energy access gap and achieve its development goals.”
The three-day Forum brings together thought leaders across different sectors and industries in this unique Event highlighting environment and development climate change impacts and solutions including adaptation and mitigation measures in several sectors. Themes to be discussed include clean and renewable energy, sustainable development, ecological conservation, biodiversity protection, CO2 emissions control, food and water security under climate change, as well as sustainable transportation and cities.
We keep hearing about climate change this, climate change that, but what is climate change really, and more importantly what are its effects on everyday life? Climate change refers to long-term shifts in temperature and weather patterns. This shift may be natural but over the last one hundred years human activities have been driving this change rapidly.
South African Minister of Forestry, Fisheries and the Environment, Barbara Creecy, has emphasised the importance of paying special attention to particularly vulnerable individuals, households and communities as the country feels the effects of the global climate change crisis.
The one-day workshop availed the energy management company the opportunity to inform the Nigerian market about its new microgrid solutions, and communicate on the next steps with regards to addressing the energy deficit sustainably in Africa, starting with Nigeria.
“I do not think anyone in Nigeria needs persuading of the need for urgent action on the environment,” he said, adding: “For Nigeria, climate change is not about the perils of tomorrow, but what is happening today”. Then, he declared: “Nigeria is committed to net zero by 2060”!
“With the enhanced focus on ESG considerations, much effort is now geared towards preservation of biodiversity, climate change mitigation and adaptation, inclusiveness, reduced inequality, human capital and communities’ development, among others. Given the important position of the financial sector in the economy, one can understand why these issues are accorded high priority in the sector and why the sector has begun to consider sustainability in its practices.