FG targets $500m funding to strengthen climate investment, others

The Federal Government of Nigeria is targeting $500 million in climate financing to enhance climate-resilient infrastructure, bolster adaptation measures, and support other climate-related policy priorities. Minister of Aviation and Aerospace Development, Festus Keyamo, announced this at the annual meeting of the Alliance for Hydromet Development in Lagos, where stakeholders emphasized the need for stronger partnerships, innovative financing, and sustained investment in weather, water, and climate services.

Keyamo revealed that the Nigerian Climate Investment Platform is being established to unlock substantial funding for climate action, with the Ministry targeting $500 million for climate-resilient infrastructure, adaptation, and other policy areas.

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