Stakeholders seek dedicated fund for coastal resilience
Experts at a Lagos summit have called for a dedicated Coastal Resilience Fund to support coastal protection, infrastructure, and community empowerment in N Read More: https://punchng.com/stakeholders-seek-dedicated-fund-for-coastal-resilience/
At the 4th Ehingbeti Maritime Hub Summit in Lagos, stakeholders emphasized the need for a dedicated Coastal Resilience Fund to promote coastal protection, infrastructure development, and community empowerment across Nigeria. The summit, which gathered experts and stakeholders, aimed to examine the necessary frameworks to unlock Nigeria's blue economy potential and foster sustainable coastal development.
Jean Anishere, President of the Maritime Arbitrators Association of Nigeria, highlighted the importance of a dedicated financing mechanism to address infrastructure deficits and enhance living conditions in coastal communities. She urged Nigeria to explore international financing opportunities via climate funds, development banks, and multilateral organizations to boost coastal resilience and community development.
Anishere stressed the importance of effective governance and a regulatory system that strikes a balance between investor certainty, environmental responsibility, and inclusivity for coastal populations.
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