To unlock green finance and drive sustainable economic growth, the Federal Government has unveiled the Nigerian Climate Investment Platform (NCIP), a country-led initiative designed to mobilize up to $500 million in climate finance for infrastructure, resilience, and adaptation projects.
The NCIP is the result of a high-level meeting between the Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, and a high-level delegation from the Nigeria Sovereign Investment Authority (NSIA), the National Council on Climate Change (NCCC), and the Green Climate Fund (GCF), held in his office in Abuja, a statement by the Ministry revealed.
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Speaking during the event, Edun stated that, “NSIA has the trust and track record to lead the initiative emphasizing the importance of leveraging climate finance opportunities to drive growth, boost export competitiveness, and support key sectors like agriculture, infrastructure, and digital innovation.”
He added, “The global economic environment demands that we leverage all opportunities—climate finance included—to drive growth, boost export competitiveness, and support sectors like agriculture, infrastructure, and digital innovation.
Also speaking, Mr. Aminu Umar-Sadiq, Managing Director of the NSIA, noted that the platform was developed to attract both international and domestic capital
Dr. Nkiruka Maduekwe, Director-General of the NCCC, stressed the urgency of increasing Nigeria’s access to international climate finance, noting that, “countries far smaller than Nigeria have multiple accredited entities and that needs to change.”
