…Buhari: Nigeria spends 9% of her GDP on CC in 2021
By Mike Eyibio
President Muhammadu Buhari on Tuesday made a strong case for Africa on the strength that despite the continent contributing the least to both historical and current emissions, it bears the brunt of the impact of climate change to a disproportionate level.
Therefore, he argued that, hence the case for accelerated climate action is now.
President Buhari, called on African leaders to strongly demand urgent and decisive climate action from the developed countries that are most responsible for the emissions that cause climate change.
He said: “We cannot afford any more delays, our people and nations are on the line.”
The President who was represented by the Minister of Environment, Barr. Mohammed Abdullahi, at the ongoing Conference Of Parties COP27, in Egypt, also called on African leaders that such action is critical with respect to the world’s climate future.
The charge came during the launch of the African Carbon Market Initiative (ACIM), a side event organized by the Climate Action at COP 27 taking place in Egypt,
He said: “our actions today and over the next few decades will determine the fate of future generations and the planet.
This year, we witnessed disastrous extreme weather events from terrifying wildfires in the United States (US), to unprecedented heat waves in India, Pakistan, and Europe, to powerful floods in my country, Nigeria, this devastating floods have affected about 33 states, displacing over 1.4 million people, destroying over 100,000 hectares of farmland and causing about 600 deaths.
“In addition, we are witnessing increased desertification, erosion, and pollution; the impacts of which are too severe to ignore. These glaring climate signals indicate that we do not have the luxury of time when it comes to the impacts of climate change.”
The President revealed that Nigeria submitted a highly ambitious Nationally Determined Contributions (NDCs) and is spending up to 9% of its GDP in addressing climate change adding that in 2021, Nigeria became the first African country to design a detailed Energy Transition Plan to tackle the dual crises of energy poverty and climate change and deliver universal access to energy (SDG7) by 2030 and net-zero by 2060.
While calling the attention of investors and the international communities to the investment opportunities inherent in the Energy Transition Plan of Nigeria, the Minister advocated continued global collaboration in the drive to tackle climate change
“I call on investors and the global community to recognize the immense investment opportunities and potential for impact in Nigeria and the Global South at large. Let’s come together at this crucial time in the world’s history to deliver a just, clean and thriving world.” Barr. Abdullahi posited.
Signed: Akintunde Martins,
For: Head Press and Public Relations
