Nigeria Accuses Developed Nations

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Nigeria took a firm stance at the COP28 summit in Dubai, asserting that the adverse effects of climate change are predominantly the result of actions by developed countries, which are accountable for the majority of greenhouse gas emissions. Minister of Environment, Balarabe Lawal, emphasised this perspective, underscoring the commitment of the Nigerian delegation to advocate for positions that benefit the nation and its citizens.

Meanwhile, Tony Elumelu, Founder of the Tony Elumelu Foundation, gathered global leaders at COP28 to rally for immediate and equitable climate action in Africa. Elumelu announced a collaboration with Ikea Foundation, Dutch Government, and UNICEF Generation Unlimited to fund young African entrepreneurs in the green energy sector, aligning with his advocacy for an equitable marshal plan for climate action.

Minister Lawal highlighted the central themes of this year’s conference, particularly focusing on adaptation and mitigation. He pointed out the pressing issue of loss and damage, attributing climate challenges faced by vulnerable countries like Nigeria to the industrialised world’s historical contributions. Lawal expressed optimism about Nigeria’s representation at COP28, citing President Bola Tinubu’s impactful statements and emphasising the country’s intention to address various climate change issues.

On the sidelines of COP28, Tony Elumelu, through his foundation, facilitated a high-level session involving prominent figures such as Dr. Ngọzi Okonjo-Iweala, Kevin Frey, and others. The session focused on the paramount challenge of addressing climate change and the role Africa must play in global climate conversations. Elumelu’s foundation has been actively empowering young African entrepreneurs and promoting green initiatives.

The news also highlighted several international commitments made at COP28, including a pledge by Nigeria and 116 other governments to triple the world’s renewable energy capacity by 2030. The pledge aims to reduce reliance on fossil fuels, with support from countries such as Brazil, Australia, and Japan. Additionally, initiatives to expand nuclear power, cut methane emissions, and mobilise grants for methane reduction were announced.

In the energy sector, the Nigerian National Petroleum Company Limited (NNPC) engaged in discussions on climate issues, and the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) outlined over $575 Billion in capital investment opportunities for Nigeria through its Industry Sustainability Initiative (NISI). These opportunities focus on de-carbonisation, infrastructure development, green economy enhancement, stakeholder management, and human capital development.

Overall, the COP28 summit witnessed a multifaceted approach to address climate change, with Nigeria actively participating in advocating for equitable solutions and partnerships.

 

 

 

 

 

 

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