Tinubu govt reveals financial plan for drought, flood, other climate change victims

The Federal Government in Nigeria is crafting a financial strategy to aid farmers grappling with drought, flooding, and other climate-related adversities. Dr. Dahiru Muhammed, a member of the Presidential Implementation Committee on Technology Transfer (PICTT), revealed this during a workshop in Abuja. He emphasized the need for a national framework to attract climate finance for smallholder farmers, noting that experts have called for $30 billion in annual investment.

Muhammed highlighted that without a clear definition of activities qualifying as climate-adaptive or resilient, accessing such financing would be impossible. The exact amount of available financing remains undetermined, as stakeholders continue to develop the framework and identify necessary partners for implementation. Muhammed stressed that collaboration among federal, state, and local governments is crucial in addressing climate-related challenges, especially flooding.

He also pointed out the necessity of financial instruments tailored to the specific climate challenges faced by farmers across Nigeria, with northern regions dealing with drought and southern areas grappling with flooding and waterlogging.