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Nigeria Launches $500m Climate Investment Platform to Spur Green Growth
The Business NG
|The BusinessNG
In a strategic push to advance its green economy agenda, the Federal Government of Nigeria has inaugurated the Nigerian Climate Investment Platform (NCIP), a major initiative designed to mobilize up to $500 million in climate finance for infrastructure development, resilience building, and climate adaptation projects.
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The launch of the NCIP followed a high-level meeting in Abuja, bringing together the Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun; officials from the Nigeria Sovereign Investment Authority (NSIA); the National Council on Climate Change (NCCC); and representatives of the Green Climate Fund (GCF).
Minister Edun described the platform as a timely vehicle to harness global climate capital in support of Nigeria's growth objectives. "The current global economic context requires that we leverage every opportunity to bolster key sectors. Climate finance offers a catalytic tool for innovation in agriculture, infrastructure, and technology," he said.
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