{
  "id": 7243608,
  "title": "Nigeria requires $337bn to actualise climate finance target",
  "url": "https://urgent.news/2026/09/14/nigeria-requires-337bn-to-actualise-climate-finance-target",
  "topic": "world",
  "section": "World",
  "published": "2026-09-14T04:07:51.000Z",
  "source": {
    "name": "Daily Trust",
    "slug": "daily-trust",
    "url": "https://dailytrust.com/nigeria-requires-337bn-to-actualise-climate-finance-target/"
  },
  "original_language": "en",
  "account": "Nigeria requires an estimated $337 billion from private and other sources by 2035 to meet its climate and development targets, according to the National Council on Climate Change (NCCC). This figure was revealed at the NESG's National Green Growth Dialogue in Abuja, where stakeholders emphasized the need for transitioning from policy commitments to actual green investments. The NCCC's updated Nationally Determined Contribution (NDC 3.0) aims for a 32% reduction in emissions by 2035 and a net-zero pathway by 2060. NCCC Director-General, Chief Scientist Adesola Olatunde, stressed that climate interventions should yield measurable economic benefits, such as job creation and productivity gains. She also advocated for stronger transparency and standardization in the carbon market, backed by reliable emissions data and financing from the Climate Change Fund. The Climate Change Fund, under the Climate Change Act, still faces structural limitations despite the Nigeria Natural Resource Trust Fund acting as its guardian. Temitope Akinyemi, Special Adviser on Climate Finance to the Minister of Finance, pointed out platforms like the World Bank's Mission 300, which aims to connect 300 million Africans to electricity and mobilize $32 billion, as potential financing avenues for Nigeria. Development finance expert Imohe Omosede of the Development Bank of Nigeria stressed the importance of aggregating smaller projects to attract investment, especially for micro, small, and medium enterprises that lack collateral for conventional loans. Issues of implementation gaps were highlighted by Ibrahim Shelleng, Senior Special Assistant to the President on Climate Finance, who noted that only a few states are capable of accessing significant climate finance, and highlighted the need for better coordination between the federal government and subnational authorities. Metseagharun Weyimi, Head of Environment at Nigeria LNG, cited tourism parks attracting over 20,000 visitors between January and July as proof of the economic value of safeguarding forests, wetlands, and mangroves. This dialogue is part of a series of events leading up to the 32nd Nigerian Economic Summit (NES#32), scheduled for October 26–27 in Abuja, with the theme of \"Growth that Works: Delivering Jobs, Productivity, and Shared Prosperity.\"",
  "summary": "Nigeria needs to mobilise an estimated $337 billion from private and other sources by 2035 to fund its climate and development priorities, the National Council on Climate Change (NCCC) has said, as stakeholders called for faster movement from policy commitments to actual green investment. The figure was disclosed at the Nigerian Economic Summit Group’s (NESG) […]",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}