As Africa gets set to host the 27th edition of the United Nations Climate Change Conference (COP27) in November (6-18) this year, it offers another golden opportunity for Africa’s most populous country–Nigeria, to intensify its “mitigation and adaptation” proactive measures towards achieving its Net-zero emission targets by 2060.
Global Initiative for Food Security and Ecosystem Preservation (GIFSEP) Executive Director, David Michael, said Nigeria should take a leading role at COP 27 in ensuring that Africa speaks with one voice. As the continent’s biggest economy, Nigeria should join hands with other African countries to make clear demands on the need for “Climate Finance and Loss and Damage.”
Jubril Adeojo, Managing Director, Smefunds Capital Limited, which facilitates investment in climate impact projects, said Nigeria is on board to achieve its Net-Zero emission target by 2060 but there is a need to deploy capital on a massive scale for this to be achieved.
He noted that adaptation funding is crucial in various sectors such agriculture and energy and that Nigeria needs to invest more in smart agriculture, renewable energy, hydro and bio-gas.