Presidency unveils N’West climate fund, targets N20bn
The Presidency has unveiled the North West Climate Fund, targeting N20 billion over four years to finance the region’s response to flooding and drought. Read More: https://punchng.com/presidency-unveils-nwest-climate-fund-targets-n20bn/
On Tuesday, the Nigerian Presidency unveiled the North West Climate Fund, aimed at addressing climate-related challenges in the region, including flooding, drought, and migration. According to Abdullahi Yakasai, Senior Special Assistant to the President on Community Engagement (North-West), the fund targets N20 billion over the next four years.
The fund, which was introduced at the North West Climate Summit in Abuja, will be managed through a climate academy and a climate investment marketplace. Yakasai emphasized that the fund will mobilize grants, impact capital, and carbon finance to promote climate resilience and women-led green enterprises. The summit, themed 'Accelerating Global Climate Solutions: Unlocking Land, Water & Energy Systems,' is described as the first regional climate summit of its kind in Nigeria and Africa.
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