NEWS AGENCY OF NIGERIA
Kwara Assembly urges strict enforcement of charcoal production prohibition law

Kwara Assembly urges strict enforcement of charcoal production prohibition law

188 total views today

By Bushrah Yusuf-Badmus

The Kwara State House of Assembly has urged Gov. AbdulRahman AbdulRazaq to ensure the enforcement of the Kwara State Charcoal Production Prohibition Law and the prosecution of offenders.

This was part of the resolutions reached during plenary on Tuesday following a Motion on Notice on the “Urgent Need to Enforce Existing Laws against Charcoal Production and Transportation in Kwara”, moved by Halidu Danbaba, – APC/Kaiama/Kemaji/Wajibe Constituency.

Danbaba, while speaking on the motion, said charcoal production contributes significantly to deforestation, environmental degradation, loss of biodiversity and negatively impacts local livelihoods, especially those dependent on forest resources.

He said that the unchecked exploitation of forest resources for charcoal is fast depleting the forests, particularly Kaiama and other environs with long term implications for climate resilience, food security and water availability.

The lawmaker expressed worry that despite the existence of extant environmental laws and forestry regulations aimed at controlling logging and charcoal production activities, there continued to be a glaring lack of enforcement and compliance.

He said that if decisive actions were not taken to regulate the tempo in defence of the environment, the economy and the welfare of the citizens, the state stands the risk of irreversible ecological destruction, prone to diseases, loss of lives and revenue.

Reading the resolutions, the Speaker, Yakubu Danladi-Salihu, urged the governor to direct the Attorney-General and Commissioner for Justice as well as the Commissioner for Environment to ensure the enforcement of the existing law to serve as deterrence.

The House also urged the governor to direct the Ministry of Environment and the State Environmental Protection Agency to immediately intensify surveillance to halt illegal production and transportation of charcoal.

They said this was important particularly in the identified notorious zones of Kwara North such as Kaiama and Baruten Local Government Areas and across the state.

The lawmakers also unanimously directed the House Committee on Environment and Forestry to conduct an investigative oversight visit to Kaiama and other affected areas to access the scale of illegal charcoal operations.

“The committee should thereafter recommend further appropriate legislative or policy action.

“We also call on the Ministry of Communication to intensify the sensitisation of citizens to the immediate and long-term consequences of large-scale charcoal production to the welfare of the citizens,” the speaker said.

Meanwhile, a Bill for a law to re-enact the Area Courts Law; to provide for the Constitution of Area Courts and to make further Provision for the Administration of Justice in Relation to Court in Kwara, passed first reading during the day’s plenary. (NAN)(www.nannews.ng)

Edited by Ifeyinwa Okonkwo/Isaac Ukpoju

Senate urges FG to investigate Mokwa flood, others

Senate urges FG to investigate Mokwa flood, others

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By Naomi Sharang

The Senate has urged the Federal Government to investigate the flood in Mokwa, Niger recently and similar incidents in other parts of the country.

This, according to the upper chamber, is with a view to providing long-term solutions, including improved and sustainable flood control infrastructure and early warning systems to forestall future occurrence

The News Agency of Nigeria (NAN) reports that the senate’s resolutions were sequel to a motion moved by Sen. Peter Jiya (PDP-Niger) and co-sponsored by no fewer than 20 senators during plenary on Tuesday.

The motion was titled: “Catastrophic Flood Disaster in Mokwa, Niger state and Need for Proactive Action to Forestall Future Occurrence.”

NAN also reports that the senate observed a minute silence in honour of those who lost their lives to the flood.

The upper legislative chamber also urged the federal government to prioritise prompt execution of the relief packages promised during the visit of the vice-president to the flood scene.

Moving the motion, Jiya recalled that on May 29 and May 30, a devastating flood swept through the town of Mokwa in Niger after a heavy rainfall.

“This resulted in unprecedented loss of lives and widespread destruction of private and public properties worth more than N10 billion.

“From the casualties recorded from the disaster, over 700 people lost their lives, including pupils from four Islamic schools but only about 300 bodies were physically accounted for.

“Critical infrastructure were not left out of the disaster, as the rail line uprooted two bridges, collapsed roads,” he said.

Jiya said that he had, in the early days of the present administration in 2023, written the Ecological Fund Office on the need to carry out urgent works on the inactive river ways in Mokwa and Kutigi towns which were prone to flooding.

“But the fund is yet to make progress in this regard in spite of earlier warnings issued by the Nigeria Metrological Agency (NIMET) of imminent heavy rainfall and flooding in vulnerable parts of the country, including Niger state,” he said.

The senator further stated that in spite of the warnings, the measures put in place by the relevant ministries, departments and agencies (MDAs) to forestall the occurrence was not significantly felt.

He said that the Federal Government had responded and intervened through the visit of the Vice-President, Kashim Shettima, National Emergency Management Agency (NEMA) and Niger State Emergency Management Agency (NSEMA), among others.

“However, due to the magnitude of the disaster and the massive casualties recorded, the resources provided have been overwhelmed, hence the need to scale up relief intervention measures to alleviate the sufferings and hardships faced by affected victims,” he said.

Contributing, Sen. Victor Umeh (LP-Anambra) described the flood as “a very monumental tragedy to all of us as a nation.

“Mr President, this was a disaster that was to come based on warnings, as contained in this motion paper and people left what they should do.

“And this flood now came and swept away lives and property in this monumental proportion”.

According to Umeh, the situation calls for preparation by the concerned agencies to begin to put measures in place as the rains may be high in July.

Deputy Senate President, Jibrin Barau, who presided over plenary, expressed sympathy to the government and people of Niger over the disaster. (NAN)

Edited by ‘Wale Sadeeq

Jigawa Govt. approves N292m for solar water schemes

Jigawa Govt. approves N292m for solar water schemes

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By Aisha Ahmed

The Jigawa Government has approved the sum of N292 million for the construction of 19 solar-powered water supply schemes across the state.

The Commissioner for Information, Youth, Sport and Culture, Mr Sagir Musa, disclosed this on Tuesday while briefing journalists after the State Executive Council meeting in Dutse.

Musa said the initiative was part of the government’s commitment to enhancing public health and addressing water scarcity in both urban and rural areas.

He noted that the use of solar energy in the project would promote environmental sustainability by leveraging renewable energy technologies.

“This approval reflects the administration’s focus on improving access to clean water and promoting green solutions,” Musa said.

The commissioner also announced the council’s decision to rename the Ministry of Special Duties to the Ministry of Humanitarian Affairs and Special Duties.

According to him, the renaming is aimed at expanding the ministry’s mandate to effectively address emerging humanitarian challenges in the state.

Musa said the change aligns with national and international frameworks and would enable more effective coordination of humanitarian interventions for vulnerable populations. (NAN)

Edited by Victor Adeoti/Tosin Kolade

Katsina: NGO begins campaign on climate resilience, disaster preparedness

Katsina: NGO begins campaign on climate resilience, disaster preparedness

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By Abbas Bamalli

A non-governmental organisation, the GoalPrime Organisation Nigeria (GPON), has begun a campaign to strengthen climate resilience and disaster preparedness in Katsina State.

The Advocacy Officer, Miss Maimunat Muhammad-Kabir, said at the opening of a three-day campaign in Katsina, that the North-West region was facing multiple natural and human-induced challenges.

Speaking at the campaign titled: “Climate Information, Disaster Risk Concepts, and Anticipatory Action Plan Development”, Muhammad-Kabir said that conflicts, displacement, insecurity, and climate change impact were plaguing the region.

The GPON official said that the challenges in the region had disrupted learning, increased vulnerability, and weakened the resilience of both host and displaced communities, especially in Katsina and Zamfara States.

“Children, girls, and those with disabilities are the worst hit, this campaign aims to strengthen community-led anticipatory actions to improve climate resilience.

“Our targets here are vulnerable schools and communities in Musawa Local Government Area of Katsina, and Anka in Zamfara.

“The participants are guided through hands-on sessions to help them to develop localised anticipatory action plans.

“These are plans designed to identify key hazards, triggers, and early actions tailored towards their specific local government areas,” she said.

Muhammad-Kabir further said that the goal of the campaign was to strengthen coordination among stakeholders to ensure disaster risk reduction and early warning response.

She said that GPON was a national NGO dedicated to improving the lives of children, young people and caregivers through partnerships and culturally sensitive approaches.

Also speaking at the event, Miss Beatrice Ama-Noah, the Climate Action Lead, said that the campaign would improve stakeholders’ understanding of climate risk, anticipatory action frameworks, and emergency preparedness.

Ama-Noah said that the plans developed during the campaign would enhance collaboration between stakeholders and trigger effective preparedness for climate-related emergencies.

The News Agency of Nigeria (NAN) reports that the campaign is being organised in collaboration with Save the Children International under the Education Cannot Wait (ECW) First Emergency Response project.

It brought together government officials, technical agencies, and community leaders to improve knowledge and coordination around climate risk and early warning systems. (NAN)

Edited by Ehigimetor Igbaugba and Azubuike Okeh

Kano Govt. unveils inclusive climate change policy

Kano Govt. unveils inclusive climate change policy

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By Muhammad Nur Tijani
The Kano Government on Friday inaugurated a Climate Change Policy to address environmental challenges in the state.
The policy also seeks to align the state policy with the global climate objectives.
Dr Dahir Hashim, Commissioner for Environment and Climate Change, said this at a one-day high-level sensitisation exercise in Kano.
The exercise was organised by the ministry in collaboration with the Partnership for Agile Governance and Climate Engagement (PACE).
Hashim said the policy would serve as a roadmap for climate action in the state, noting that no meaningful participation in climate interventions could occur without a guiding document.
He said the policy was developed through a participatory process that involved eight ministries, including health, commerce, transportation and industry, to ensure inclusiveness and community ownership.
The commissioner said the implementation of the policy would require coordinated efforts from the Ministries, Departments and Agencies (MDAs), Civil Society Organisations (CSOs), development partners and the media.
“Each stakeholder has a distinct role to play, ranging from policy alignment and programme delivery to community engagement,” he said.
Hashim, who highlighted health risks associated with climate change such as respiratory diseases, air pollution and mental health concerns, reiterated government’s commitment to sustainable, long term and youth focused climate solutions.
“We are reviewing existing environmental state bylaws and preparing a roadmap for implementation,” he said.
He commended the participants for their contributions and reaffirmed the state government’s resolve to strengthen climate response. (NAN)(www.nannews.ng)
Edited by Rabiu Sani-Ali
Pollution: Adamawa, World Bank sign MoU to construct recycling plant

Pollution: Adamawa, World Bank sign MoU to construct recycling plant

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By Talatu Maiwada

The Adamawa Government and the World Bank have signed a Memorandum of Understanding (MoU) to construct a recycling plant in Yola as part of efforts to tackle plastic pollution.

Mr Muhammed Muhammad, Commissioner for Environment and Natural Resources Development, made this known in an interview with newsmen on Friday in Yola.

According to Muhammad, the plant, when completed, will support efforts toward having a cleaner and healthier environment for residents of the state.

“We have concluded plans to install a recycling plant that will harvest plastic waste across the state and convert it into useful products.

“Some of the items to be recycled include chairs, beds, interlock tiles, among others,” he said.

He said that although the project was initially sited in Gombi Local Government Area, poor roads and epileptic power supply necessitated its relocation to Yola, the state capital.

The commissioner also said that the government was engaging major beverage producers, including Adamawa Beverages and Coca-Cola, to promote the use of paper-based packaging as a sustainable alternative.

“We are encouraging manufacturers to shift from plastic to eco-friendly materials in order to reduce environmental impact,” he added.

Muhammad said that the ministry had commenced the registration and regulation of waste management operators across the state to ensure proper and safe waste disposal practices.

He said that all waste handlers had been summoned, profiled, and directed to dump refuse only at designated government approved sites.

He cautioned against the use of children in waste collection and recycling activities, stressing that government would not tolerate child labour in the sector.

Highlighting some achievements of the ministry, Muhammad said that the state had reintroduced monthly sanitation exercises, banned indiscriminate tree felling, and trained women in production of eco-friendly cooking briquettes.

He said that the waste-to-wealth initiative reflected the commitment of the Gov. Ahmadu Fintiri-led administration to build a cleaner, safer, and more sustainable Adamawa. (NAN)(www.nannews.ng)

Edited by Nabilu Balarabe/Kadiri Abdulrahman

FCTA urged to prioritise sanitation in Mpape, satellite communities

FCTA urged to prioritise sanitation in Mpape, satellite communities

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By Tosin Kolade

Stakeholders have urged the Federal Capital Territory Administration (FCTA) to urgently implement a coordinated sanitation and services plan for satellite communities like Mpape, where more than 30 per cent of residents lack access to toilets.

This formed part of the key recommendations arising from a meeting held in Abuja to review the findings of a recent sanitation study conducted in Mpape District.

The study, titled ‘Mpape Sanitation Baseline Assessment’, was unveiled at the Citywide Inclusive Sanitation (CWIS) Performance Improvement Plan Workshop, led by Mangrove and Partners, an institutional strengthening organisation, on Friday.

Participants noted that Mpape, a densely populated community near Maitama, faces poor sanitation, inadequate water access, and unmanaged waste in spite its closeness to some of Abuja’s most affluent areas.

Presenting the findings, Mr Timeyin Uwejamomere, a town planning expert and Fellow of the Nigerian Institute of Town Planners, decried the stark disparities in infrastructure provision between central Abuja and its rapidly expanding outskirts.

“Many Mpape residents, who work as domestic staff, security personnel, and artisans in high-income neighbourhoods, live in squalid conditions and return to environments that deny them dignity,” he said.

He explained that in the absence of any regional, city or district development plan for Mpape, the area had developed without essential infrastructure.

“As a result, residents rely on open defecation and overflowing pit latrines, which often spill into nearby drains.

“We found that over 60 per cent of residents in Mpape and similar satellite towns depend on on-site sanitation mainly unlined pit latrines and soakaways with no structured system for waste evacuation or treatment,” he added.

The study also revealed that, although the Wupa central wastewater treatment plant in Abuja had six treatment basins, only two were currently operational.

This, according to Uwejamomere, was due to the failure to connect completed sewer networks from parts of Abuja Phases II and III to the facility.

“We are using only around 30 per cent of Wupa’s capacity, despite significant public investment. These connections must be completed without delay,” he said.

The recommendations from the study included the immediate reconnection of dormant sewer lines to the Wupa treatment plant, as well as the mapping and registration of informal sanitation workers.

It also proposed the provision of training and Personal Protective Equipment (PPE) for sanitation operators and the establishment of a dedicated Faecal Sludge Management Unit within the Satellite Towns Development Department (STDD).

In addition, it called for the creation of a specific budget line for sanitation and public toilet operations under the Abuja Environmental Protection Board (AEPB).

Further suggestions included the revision of Abuja’s outdated regional masterplans to incorporate inclusive sanitation strategies for satellite communities.

Another recommendation was the extension of potable water supply to Mpape and adjoining areas through the Greater Abuja Water Project.

“The introduction of simplified sewerage systems in hilly terrains such as Mpape was also proposed.

“The conversion of dried faecal sludge into compost or fuel briquettes for use in urban parks and peri-urban agriculture was also recommended”.

Uwejamomere also highlighted that open defecation, often perceived as a rural issue, is now a growing urban crisis in the Federal Capital Territory (FCT).

“It is estimated that more than 40 per cent of Abuja’s population engages in open defecation, especially in informal and unplanned settlements.

“Unfortunately, the FCT still lacks a clear strategy or dedicated budget for the Clean Nigeria Campaign, in spite of it being a federal initiative that began six years ago”.

He called for the elevation of sanitation concerns to the highest level of governance in the territory, urging the FCT Minister to spearhead a citywide basic services catch-up initiative.

“We cannot have a city that is beautiful at the centre while 60 per cent of its population lives in deplorable conditions. Without sanitation, the city is not truly safe,” he said.

Earlier, the District Head of Mpape, Chief Musa Pada, decried the lack of basic amenities in the community, citing poor access to clean water, inadequate healthcare, and worsening sanitation.

“We don’t have water. We rely on private boreholes, and when there’s no electricity, water trucks cost N2,000. We are suffering,” he said.

Pada noted that in spite of Mpape’s proximity to Abuja city centre, the community received little or no government support.

He estimated the population at more than two million, yet residents lacked access to basic services such as clean water, healthcare, and sanitation.

“Our health centre is overstretched. What we need is a properly equipped general hospital.

“The roads are in poor condition, there are no public toilets in our markets, and landlords construct houses without providing toilet facilities. There is no enforcement of building regulations,” he said.

He explained that multiple letters and appeals had been sent to the Federal Capital Territory (FCT) Administration, but no tangible action had been taken.

“The FCT only comes here to extract resources. They do nothing to improve the lives of people in Mpape,” he added, calling for urgent government action to address the community’s critical needs.

Stakeholders at the meeting included representatives from the FCT Rural Water Supply and Sanitation Agency (RUWASSA), AEPB, development partners, and community-based organisations.

They pledged continued advocacy and technical support to ensure that sanitation planning in Abuja was inclusive, data-driven, and adequately funded.

The Mpape Sanitation Baseline Assessment was conducted under the Strengthening African Operators Citywide Inclusive Sanitation (SAO-CWIS) programme of the African Water and Sanitation Association (AfWASA).

AfWASA is the coordinating body of the water and sanitation operators, with a focus on utilities and agencies.

The programme is being funded by the Bill and Melinda Gates Foundation (BMGF) in the FCT, Delta and Enugu states. (NAN)

Edited by Abiemwense Moru

Nigeria moves to enforce new AC energy standards

Nigeria moves to enforce new AC energy standards

168 total views today

By Fabian Ekeruche

The Energy Commission of Nigeria (ECN) has organised a high-level training workshop to build stakeholder capacity on the newly approved Minimum Energy Performance Standards (MEPS) for air conditioners in Nigeria.

The training was done in collaboration with the UN Environment Programme (UNEP) and the Standards Organisation of Nigeria (SON).

The News Agency of Nigeria (NAN) reports that the workshop, held in Lagos, is part of the project titled “Scaling Up Energy-Efficient and Climate-Friendly Cooling in Nigeria NDC Review,” funded by the Clean Cooling Collaborative.

The project seeks to accelerate Nigeria’s transition to energy-efficient and low-Global Warming Potential (low-GWP) cooling technologies, aligned with the country’s Nationally Determined Contributions (NDCs) under the Paris Agreement.

In his address, the Director-General of ECN, Dr Mustapha Abdullahi, emphasised the urgent need for sustainable cooling solutions in light of rising demand and environmental concerns.

He said Nigeria must adopt innovative and climate-friendly technologies that reduce energy consumption and minimise environmental impact.

Abdullahi noted that the ECN, as Nigeria’s lead agency on energy planning, is spearheading this re-orientation in partnership with UNEP and SON.

He explained that the revised MEPS, approved by the Federal Government in June 2024, are now ready for implementation.

He said the workshop was convened to raise awareness on the new standards, build technical capacity for compliance, promote stakeholder dialogue and feedback, and strengthen collaboration between government and private sector actors.

He added that effective implementation would contribute to national climate action efforts and align with the Renewed Hope Agenda of President Bola Tinubu.

Also speaking, Mr Lawal Ismaila, Head of Electrical at SON, said the MEPS aim to phase out inefficient and environmentally harmful air conditioners that consume excessive power and emit dangerous refrigerants.

He said the older models consume more energy and contain gases that damage the ozone layer, expose the population to harmful ultraviolet rays, and increase the risk of cancer.

According to him, the new standards promote energy-saving, environmentally friendly models that provide more efficient cooling with less power usage.

Ismaila urged manufacturers, importers, and end-users to become more aware of the dangers of outdated systems and the advantages of adopting modern, energy-efficient alternatives.

Dr Leslie Adogame, Executive Director of Sustainable Research and Action for Environmental Development (SRADev Nigeria), said that a country like Nigeria needs efficient energy systems to support growth and development.

He noted that MEPS would help the country attain energy efficiency, prevent the importation of substandard cooling equipment, and support Nigeria’s commitment to net-zero emissions under global climate agreements.

He called for broader advocacy and robust stakeholder engagement to ensure the effective adoption and enforcement of the standards. (NAN)(www.nannews.ng)

Edited by Tosin Kolade

FG evolves strategic framework to deal decisively with plastic pollution

FG evolves strategic framework to deal decisively with plastic pollution

173 total views today
By Abigael Joshua
The Federal Ministry of Environment has restated its commitment to deal decisively with plastic pollution in order to have a cleaner, greener and more resilient environment.
Malam Balarabe Lawal, Minister of Environment, said this on Tuesday in Abuja at an event to commemorate the 2025 World Environment Day, usually marked annually on June 5.
He said that the government had evolved a strategic framework – the National Policy on Plastic Waste Management –  to reduce plastic use, promoting recycling, and encouraging innovation in alternatives to single-use plastics.
“As we celebrate World Environment Day, I would like to assure you that the Federal Government of Nigeria, under the leadership of President Bola Tinubu, is committed to a cleaner, greener, and more resilient environment.
“In line with the Renewed Hope Agenda, we are taking decisive steps to address plastic pollution at all levels.
“The theme, “Ending Plastic Pollution,” resonates with a global urgency that cannot be overstated.
“Plastic pollution is not just an environmental issue but also an economic and public health crisis,” Lawal said.
According to him, the ministry has also inaugurated the Extended Producer Responsibility (EPR) Programme, which mandates producers to take responsibility for the entire lifecycle of their plastic products, from production to disposal.
“The ministry is collaborating with key stakeholders across government, industry, and civil society to ensure that environmental policies translate into meaningful impact. However, we cannot do this alone.
“The fight against plastic pollution and other environmental challenges must be a people-oriented movement.
“This is a fight for the preservation of our ecosystems, the future of our children, and the survival of our dear planet,” he said.
Lawal said that Nigeria like many other nations, faces significant challenges in managing plastic waste.
“Our cities and rural communities suffer from the burden of unchecked plastic pollution ranging from sachet water bags littering our streets to microplastics entering our food chain and causing public health concerns.
“Every minute, plastic waste is being dumped into our oceans, rivers, and drainage systems, endangering wildlife and contributing to flooding in our urban centres.
“We are also supporting innovative circular economy models to drive recycling and promote plastic alternatives, especially across government ministries, departments, and agencies,” the minister assured.
Also, Massandje Toure-Litse, Commissioner, Economic Affairs and Agriculture, ECOWAS Commission, reaffirmed the body’s commitment to a clean, resilient and sustainable environment for future generations.
“Don’t put light plastic in microwave. Plastic is manufactured from oil and plastic contains hydrocarbon.
“When you put light plastic in microwave, this is the driver for cancer.
“The theme of this year: “Together we can beat plastic pollution” resonates deeply with our regional priorities.
“Plastic pollution is not only a global menace concern, but a regional and national crisis,” Toure-Litse said.
According to him, a World Bank report indicates that the region generates nearly eight million metric tonnes of plastic waste every year.
“A figure that is set to rise by 52 per cent in five years time.
“In addition, more than 80 per cent of plastic waste is poorly managed in West Africa, adversely affecting human, animal health, ecosystem and blue economy sector such as fishing and tourism.
“The cost of damage of one tonne of plastic pollution is about 10,000 to 33,000 US dollars.
“There is a growing recognition that plastic pollution is a transboundary problem that requires a coordinated regional response.
“So in this regard, ECOWAS is committed to addressing persistent challenge by adopting a regional regulation,” he said.
The commissioner said that across the region, Ghana and Nigeria were scaling up the Circular Economy Initiative, adding that the ECOWAS Commission would harmonise environmental standards and promote green industrialisation.
Mrs Alero Balogun, Senior Vice President, Corporate Services, Oando Clean Energy Ltd, urged stakeholders to support a better environment and climate change.
“Let this be the beginning or the continuation of a movement, one that puts people at the centre of plastic, in the right place and purpose behind every partnership,” Balogun said.
Similarly, Mrs Habiba Abubakar, Managing Director, ZoomLion Nigeria, expressed determination to partner with the ministry of environment in ending plastic pollution in Nigeria and to also turn plastic to wealth. (NAN)(www.nannews.ng)
Edited by Bayo Sekoni
Nigeria issues N50bn Green bond to boost climate finance

Nigeria issues N50bn Green bond to boost climate finance

218 total views today

By Olawunmi Ashafa

Dr Patience Oniha, Director-General of the DMO, says Nigeria is taking a significant step in tackling climate change with the issuance of a N50 billion Sovereign Green Bond.

Oniha said this at an investors meeting for the Series III Sovereign Green Bond issuance on Monday in Lagos.

She said that the initiative aimed to fund environmentally sustainable projects and reinforce the nation’s commitment to the Paris Agreement.

According to her, the offer is a continuation of Nigeria’s climate financing journey following earlier issuances in 2017 and 2019 that raised N25.69 billion.

She said that the five-year Green Bond would provide funding for projects aligned with Nigeria’s Nationally Determined Contributions (NDCs) to reduce greenhouse gas emissions.

“Today is about sensitising investors. This is the amount, this is the tenor, and very importantly, this is what we intend to do with the funds.

“We must give institutional investors an opportunity to ask questions, reflect, and begin their internal approval processes. This is not just fundraising; it is about our national commitment to sustainability,” she said.

The News Agency of Nigeria(NAN) reports that the five-year bond, targeted at institutional investors with a minimum investment of N10 million, will be listed on the FMDQ platform.

Oniha explained that while the bond market in Nigeria is well-developed, price discovery would remain guided by market expectations.

Also, Dr Iniobong Abiola-Awe, Director, Department of Climate Change, Federal Ministry of Environment, emphasised the urgency and purpose behind Nigeria’s green financing drive.

“Climate change is not a distant threat, it is here, and it is threatening humanity and biodiversity.

“The impact is evident in shifting weather patterns, extreme heat, disappearing Harmattan, rising floods, and desert encroachment.

“Nigeria is shrinking geographically, and we have no planet B. What we do today is a debt or gift to the next generation,” she said.

Abiola-Awe described the Green Bond initiative as part of Nigeria’s broader framework for delivering on global climate commitments under the Paris Agreement and the UN Framework Convention on Climate Change.

She said that Nigeria was committed to cutting greenhouse gas emissions by 20 per cent unconditionally, and up to 47 per cent with international support.

“These bonds are not just financial tools. They are part of a homegrown, innovative solution to climate finance.

“Through initiatives like the 2021-2030 Climate Change Policy, Energy Transition Plan, afforestation strategies, and renewable energy projects, we are building real capacity to mitigate climate impacts.

“The preparation for the issuance of this sovereign green bond underscores Nigeria’s unwavering commitment to environmental and climate action goals and initiatives, aligning perfectly with Mr President’s renewable energy agenda.” Abiola-Awe said.

She cited examples of projects supported by previous green bond issuances across various sectors including agriculture, energy, and transport.

“These projects, many of which were initiated with the first issue in 2019, demonstrate our progressive movement in mitigating climate change within Nigeria.

“I strongly believe, as the D-G has emphasised, that we are on a progressive path towards achieving a great deal in mitigating climate change here in Nigeria.”

She said that the proceeds from previous green bond issuances funded critical projects, including energising education initiatives in Nigerian universities.

“That project improved internet access, increased study hours, and ultimately raised academic performance.

“It is not always what you see on paper, the impact is multidimensional.

The Federal Ministry of Environment, in partnership with the Ministry of Finance, has provided the policy and institutional frameworks for these issuances, which aim to support sectors such as agriculture, energy, transport, and forestry.

She said, “Our progress so far, and this third issuance, reaffirm Nigeria’s commitment to consistent and sustainable financing for climate action.

“The time to act was yesterday, but what we are doing today is one of the biggest contributions we can make.”

The event also acknowledged Nigeria’s legal and transaction advisors on the Green Bond.

The Private Debt Market Makers (PDMMs) were encouraged to support the new issuance with confidence, especially with the successful repayment of earlier bonds.(NAN)(www.nannews.ng)

Edited by Kadiri Abdulrahman

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