Nigeria Partners with UK, Germany, Others on Green Industrial Dev’t
Nigeria is partnering with UK, Germany and the World Economic Forum towards the realisation of President Bola Tinubu’s plans for a green industrial development of the country. Chief Ajuri Ngelale, Special Presidential Envoy on Climate Action, made this known on Wednesday in Abuja.
Ngelale said that the meeting with the leadership of the UK-Nigeria Infrastructure Advisory Facility (UKNAIF) centred on enabling a private sector-led, public sector-enabled programme.
“We (also) hosted a virtual discussion with the Managing Director of the World Economic Forum (WEF) Center for Nature and Climate, Ms Gim Huay. We agreed to actionable next steps that will ensure greater collaboration with international investors and DFIs following our green industrial roadmap.
“On Wednesday evening, we hosted a fruitful session with a delegation from the German Embassy led by its Head of Climate Negotiations, Ambassador Johannes Lehne. Specific steps toward deepening collaboration on hydrogen and wind energy development were agreed upon with a follow-up next week,” he said.
In May, President Tinubu approved the establishment of a committee to oversee the Green Economic Initiative, known as the Presidential Committee on Climate Action and Green Economic Solutions.
Tinubu also approved the appointment of Chief Ajuri Ngelale as Special Envoy on Climate Action and will retain his role as the Special Adviser to the President on Media & Publicity. The committee was part of a strategic move of the President to ensure the advancement of his administration’s climate and green economic initiatives.
The committee is to coordinate and oversee all the policies and programmes on climate action and green economic development.
The UKNIAF is a technical assistance programme (2019 – 2025) that aims to transform Nigeria’s capacity to plan, finance, deliver and maintain climate-smart critical infrastructure.
It aims to achieve transformation through technical support in two-component areas: Power and Infrastructure Finance.
The key counterparts are the Federal Government of Nigeria and its agencies; selected state governments; the Foreign, Commonwealth and Development Office in Nigeria (FCDO); the wider development and development finance institution groups. Liquidity: Yield Rises as Banks, Investors Sell T-Bills
