The Federal Government is targeting $500m in climate financing to strengthen climate-resilient infrastructure, improve adaptation measures and support other climate-related policy priorities as Nigeria intensifies efforts to address the growing threats of flooding and other extreme weather events.
The Minister of Aviation and Aerospace Development, Festus Keyamo, disclosed this at the annual meeting of the Alliance for Hydromet Development in Lagos on Tuesday, where stakeholders called for stronger partnerships, innovative financing and sustained investment in weather, water and climate services.
The meeting, themed ‘Partnership, Innovation and Sustainable Investment in Weather, Water and Climate Service,’ focused on how reliable climate information, adequate funding and effective collaboration could protect lives, safeguard infrastructure and strengthen economic resilience.
Keyamo said the Federal Government was developing mechanisms to mobilise domestic and international resources for climate-related investments, including the Nigerian Climate Investment Platform, which was established to unlock substantial funding for climate action.
He said, “The
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