Businesses Must Invest in Nature as Biodiversity Loss Threatens Economy, Experts Warn
Bennett Oghifo Nigerian businesses have been warned that failure to integrate biodiversity protection into their operations could expose them to growing environmental, financial and operational risks, as conservation experts called
Businesses urged to invest in nature to mitigate biodiversity loss risks, experts warn. The Nigerian Conservation Foundation and Natural Eco Capital have unveiled Nigeria's first Business Action Plan for Biodiversity (BAP), a framework designed to guide private sector engagement in protecting the country's natural resources. The NCF and NEC, in collaboration with the Federal Ministry of Environment and Business for Nature, developed the BAP to help companies integrate biodiversity considerations into their operations, reduce environmental footprints, and invest in nature-based solutions.
The initiative emphasizes the crucial link between biodiversity conservation and business profitability, stating that businesses that ignore environmental degradation face significant financial and operational risks. The BAP is seen as a practical implementation tool for translating Nigeria's National Biodiversity Strategy and Action Plan into concrete measures that businesses can adopt to ensure sustainable operations.
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